Practical Fruits of Econophysics

Proceedings of the Third Nikkei Econophysics Symposium

  • Hideki Takayasu
Conference proceedings

Table of contents

  1. Front Matter
    Pages I-XII
  2. Market’s Basic Properties

    1. Front Matter
      Pages 1-1
    2. H. E. Stanley, Xavier Gabaix, Parameswaran Gopikrishnan, Vasiliki Plerou
      Pages 2-18
    3. János Kertész, Zoltán Eisler
      Pages 19-23
    4. A. A. Tsonis, K. Nakada, H. Takayasu
      Pages 24-28
    5. Misako Takayasu, Takayuki Mizuno, Takaaki Ohnishi, Hideki Takayasu
      Pages 29-32
    6. Takayuki Mizuno, Yukiko Umeno Saito, Tsutomu Watanabe, Hideki Takayasu
      Pages 33-37
    7. Kazuko Yamasaki, Lev Muchnik, Shlomo Havlin, Armin Bunde, H. Eugene Stanley
      Pages 43-51
    8. Annalisa Fabretti, Marcel Ausloos
      Pages 52-56
    9. Takayuki Mizuno, Misako Takayasu, Hideki Takayasu
      Pages 57-61
    10. Takaaki Ohnishi, Takayuki Mizuno, Kazuyuki Aihara, Misako Takayasu, Hideki Takayasu
      Pages 62-66
    11. Ken Kiyono, Zbigniew R. Struzik, Yoshiharu Yamamoto
      Pages 67-71
    12. Sary Levy-Carciente, Klaus Jaffé, Fabiola Londoño, Tirso Palm, Manuel Pérez, Miguel Piñango et al.
      Pages 77-81
  3. Predictability of Markets

    1. Front Matter
      Pages 87-87
    2. Philipp Weber, Bernd Rosenow
      Pages 88-92
    3. Bikas K. Chakrabarti, Arnab Chatterjee, Pratip Bhattacharyya
      Pages 107-110
    4. Ke Xu, Jun Chen, Jian Yao, Zhaoyang Zhao, Tao Yu, Kamran Dadkhah et al.
      Pages 111-115
    5. Bill C. Giessen, Zhaoyang Zhao, Tao Yu, Jun Chen, Jian Yao, Ke Xu
      Pages 116-120
    6. Jian Yao, Jun Chen, Ke Xu, Zhaoyang Zhao, Tao Yu, Bill C. Giessen
      Pages 131-135
  4. Mathematical Models

    1. Front Matter
      Pages 136-136
    2. Jaume Masoliver, Miquel Montero, Josep Perelló
      Pages 137-141
    3. Morrel H. Cohen, Prasana Venkatesh
      Pages 147-151
    4. Koichi Hamada, Kouji Sasaki, Toshiaki Watanabe
      Pages 158-162
    5. Koji Kuroda, Joshin Murai
      Pages 163-167
    6. Serge F. Timashev, Grigory V. Vstovsky, Anna B. Solovieva
      Pages 168-172
    7. Satoshi Nozawa, Toshitake Kohmura
      Pages 173-177
    8. Lev Muchnik, Yoram Louzoun, Sorin Solomon
      Pages 183-188
    9. Masanao Aoki, Hiroyuki Moriya
      Pages 194-199
    10. Yuichi Ikeda, Shigeru Kawamoto, Osamu Kubo, Yasuhiro Kobayashi, Chihiro Fukui
      Pages 210-213
  5. Correlation and Risk Management

    1. Front Matter
      Pages 214-214
    2. Rafał Weron, Ingve Simonsen
      Pages 215-219
    3. Imre Kondor, Szilárd Pafka, Richárd Karádi, Gábor Nagy
      Pages 220-225
    4. Yoshi Fujiwara, Wataru Souma, Hideki Murasato, Hiwon Yoon
      Pages 226-230
    5. Per-Johan Andersson, Andreas Öberg, Thomas Guhr
      Pages 231-235
    6. Krzysztof Urbanowicz, Janusz A. Hołyst
      Pages 236-240
    7. Masashi Egi, Shun Takahashi, Takeshi Ieshima, Kaoru Hijikata
      Pages 241-245
    8. Ingve Simonsen, Anders Johansen, Mogens H. Jensen
      Pages 246-251

About these proceedings


Some economic phenomena are predictable and controllable, and some are impos­ sible to foresee. Existing economic theories do not provide satisfactory answers as to what degree economic phenomena can be predicted and controlled, and in what situations. Against this background, people working on the financial front lines in real life have to rely on empirical rules based on experiments that often lack a solid foundation. "Econophysics" is a new science that analyzes economic phenomena empirically from a physical point of view, and it is being studied mainly to offer scientific, objective and significant answers to such problems. This book is the proceedings of the third Nikkei symposium on ''Practical Fruits of Econophysics," held in Tokyo, November 9-11, 2004. In the first symposium held in 2000, empirical rules were established by analyzing high-frequency finan­ cial data, and various kinds of theoretical approaches were confimied. In the second symposium, in 2002, the predictability of imperfections and of economic fluctua­ tions was discussed in detail, and methods for applying such studies were reported. The third symposium gave an overview of practical developments that can immedi­ ately be applied to the financial sector, or at least provide hints as to how to use the methodology.


Economics Econophysics Econophysics data analysis Financial Technology Physics Statistics agents

Editors and affiliations

  • Hideki Takayasu
    • 1
  1. 1.Sony Computer Science Laboratories, Inc.TokyoJapan

Bibliographic information

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Finance, Business & Banking