LEADER 05089nam 2200685Ia 450 001 9911019695903321 005 20200520144314.0 010 $a9786610854424 010 $a9781280854422 010 $a1280854421 010 $a9783527609581 010 $a352760958X 010 $a9783527610006 010 $a3527610006 035 $a(CKB)1000000000377394 035 $a(EBL)481292 035 $a(OCoLC)123897686 035 $a(SSID)ssj0000143837 035 $a(PQKBManifestationID)11160423 035 $a(PQKBTitleCode)TC0000143837 035 $a(PQKBWorkID)10144331 035 $a(PQKB)10771217 035 $a(MiAaPQ)EBC481292 035 $a(Perlego)2758357 035 $a(EXLCZ)991000000000377394 100 $a20061026d2006 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aEconophysics and sociophysics $etrends and perspectives /$fedited by Bikas K. Chakrabarti, Anirban Chakraborti, and Arnab Chatterjee 210 $aWeinheim $cWiley-VCH$dc2006 215 $a1 online resource (650 p.) 300 $aDescription based upon print version of record. 311 08$a9783527406708 311 08$a3527406700 320 $aIncludes bibliographical references and index. 327 $aEconophysics and Sociophysics; Contents; Preface; List of Contributors; 1 A Thermodynamic Formulation of Economics; 1.1 Introduction; 1.2 Differential Forms; 1.2.1 Exact Differential Forms; 1.2.2 Not Exact Differential Forms; 1.2.3 The Integrating Factor; 1.2.4 The First and Second Law of Differential Forms; 1.2.5 Not Exact Differential Forms in Thermodynamics and Economics; 1.3 The First Law of Economics; 1.3.1 The First Law: Capital Balance of Production; 1.3.2 Work (W); 1.3.3 Surplus (?Q); 1.3.4 Capital (E); 1.4 The Second Law of Economics 327 $a1.4.1 The Second Law: Existence of a System Function (S)1.4.2 The Integrating Factor (T); 1.4.3 Entropy and Production Function (S); 1.4.4 Pressure and Personal Freedom; 1.4.5 The Exact Differential (dS(T,V)); 1.4.6 The Maxwell Relation; 1.4.7 Lagrange Function; 1.5 Statistics; 1.5.1 Combinations; 1.5.2 Normal Distribution; 1.5.3 Polynomial Distribution; 1.5.4 Lagrange Function in Stochastic Systems; 1.5.5 Boltzmann Distribution; 1.6 Entropy in Economics; 1.6.1 Entropy as a Production Function; 1.6.2 Entropy of Commodity Distribution; 1.6.3 Entropy of Capital Distribution 327 $a1.6.4 Entropy of Production1.6.5 Summary of Entropy; 1.7 Mechanism of Production and Trade; 1.7.1 The Carnot Process; 1.7.2 The Origin of Growth and Wealth; 1.7.3 World Trade Mechanism; 1.7.4 Returns; 1.8 Dynamics of Production: Economic Growth; 1.8.1 Two Interdependent Systems: Industry and Households; 1.8.2 Linear and Exponential Growth (0 1); 1.9 Conclusion; References; 2 Zero-intelligence Models of Limit-order Markets; 2.1 Introduction 327 $a2.2 Possible Zero-intelligence Models2.3 Data Analysis and Empirical Facts Regarding Statics; 2.4 Dynamics: Processes, Rates, and Relationships; 2.5 Resulting Model; 2.6 Results from the Model; 2.7 Analytic Studies: Introduction and Mean-field Approach; 2.8 Random-walk Analyses; 2.9 Independent Interval Approximation; 2.10 Concluding Discussion; References; 3 Understanding and Managing the Future Evolution of a Competitive Multi-agent Population; 3.1 Introduction; 3.2 A Game of Two Dice; 3.3 Formal Description of the System's Evolution; 3.4 Binary Agent Resource System 327 $a3.5 Natural Evolution: No System Management3.6 Evolution Management via Perturbations to Population's Composition; 3.7 Reducing the Future-Cast Formalism; 3.8 Concluding Remarks and Discussion; References; 4 Growth of Firms and Networks; 4.1 Introduction; 4.2 Growth of Firms; 4.2.1 Dataset of European Firms; 4.2.2 Pareto-Zipf's Law for Distribution; 4.2.3 Gibrat's Law for Growth; 4.2.4 Detailed Balance; 4.3 Pareto-Zipf and Gibrat under Detailed Balance; 4.3.1 Kinematics; 4.3.2 Growth of Firms and Universality of Zipf's Law; 4.4 Small and Mid-sized Firms 327 $a4.4.1 Data for Small and Mid-sized Firms 330 $aUsing tricks to handle coupled nonlinear dynamical many-body systems, several advancements have already been made in understanding the behavior of markets/economic/social systems and their dynamics. The book intends to provide the reader with updated reviews on such major developments in both econophysics and sociophysics, by leading experts in the respective fields. This is the first book providing a panoramic view of these developments in the last decade. 606 $aStatistical physics 606 $aPhysics 615 0$aStatistical physics. 615 0$aPhysics. 676 $a530.1595 701 $aChakrabarti$b B. K$g(Bikas K.),$f1952-$047326 701 $aChakraborti$b Anirban$01344304 701 $aChatterjee$b Arnab$01842369 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9911019695903321 996 $aEconophysics and sociophysics$94422433 997 $aUNINA