Overview
- Editors:
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Hideki Takayasu
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Sony Computer Science Laboratories, Inc., Tokyo, Japan
Latest application and practical results in econophysics are summarized
New financial data analysis methods are introduced
New market models are introduced
Disadvantages and limitations of financial technology are pointed out
Dynamical behaviors of markets including predictability are clarified
Network structures in economics are discussed based on real data
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Table of contents (71 papers)
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Mathematical Models
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- Takashi Yamada, Kazuhiro Ueda
Pages 205-209
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- Yuichi Ikeda, Shigeru Kawamoto, Osamu Kubo, Yasuhiro Kobayashi, Chihiro Fukui
Pages 210-213
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Correlation and Risk Management
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Front Matter
Pages 214-214
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- Rafał Weron, Ingve Simonsen
Pages 215-219
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- Imre Kondor, Szilárd Pafka, Richárd Karádi, Gábor Nagy
Pages 220-225
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- Yoshi Fujiwara, Wataru Souma, Hideki Murasato, Hiwon Yoon
Pages 226-230
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- Per-Johan Andersson, Andreas Öberg, Thomas Guhr
Pages 231-235
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- Krzysztof Urbanowicz, Janusz A. Hołyst
Pages 236-240
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- Masashi Egi, Shun Takahashi, Takeshi Ieshima, Kaoru Hijikata
Pages 241-245
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- Ingve Simonsen, Anders Johansen, Mogens H. Jensen
Pages 246-251
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- Nicolas Basalto, Francesco De Carlo
Pages 252-256
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- Bernd Rosenow, Rafael Weißbach
Pages 272-276
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- Yukiko Saito, Tsutomu Watanabe
Pages 277-282
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- S.G. Redsun, R.D. Jones, R.E. Frye, K.D. Myers
Pages 283-285
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- Masashi Egi, Takashi Matsushita, Seiji Futatsugi, Keizaburo Murakami
Pages 286-290
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- Yoshi Fujiwara, Hideaki Aoyama, Wataru Souma
Pages 291-295
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Networks and Wealth Distributions
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Front Matter
Pages 296-296
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- Guido Caldarelli, Stefano Battiston, Diego Garlaschelli
Pages 297-301
About this book
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.
Editors and Affiliations
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Sony Computer Science Laboratories, Inc., Tokyo, Japan
Hideki Takayasu