The Statistical Mechanics of Financial Markets

• Main Author: Voit, Johannes (Author)
• Corporate Author: SpringerLink (Online service)
• Other Authors: Balian, R. (Editor), Beiglböck, W. (Editor), Grosse, H. (Editor), Thirring, W. (Editor)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2005.
• Edition: Third Editon.
• Series: Texts and Monographs in Physics,
• Subjects: Mathematics.; Game theory.; Statistical physics.; Dynamical systems.; Statistics.; Economic theory.; Game Theory, Economics, Social and Behav. Sciences.; Statistical Physics, Dynamical Systems and Complexity.; Statistics for Business/Economics/Mathematical Finance/Insurance.; Economic Theory/Quantitative Economics/Mathematical Methods.

This highly praised introductory treatment describes the parallels between statistical physics and finance - both those established in the 100-year long interaction between these disciplines, as well as new research results on financial markets. The random-walk technique, well known in physics, is a...