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The statistical mechanics of financial markets Johannes Voit
Publisher: Springer

Its application to the study of financial markets has also been termed statistical finance referring to its roots in statistical physics. On another note, and this will appeal to your background in physics, it appears that there has been independent third party confirmation of cold fusion. To explain why econophysics went out of fashion? That proves quantitative finance can be privately profitable –but not that it is profitable in general, or socially desirable. The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics). The Euro zone collects all sorts of statistical data so I would think it would be easy to show this is what happened in Europe. Acquiring a sophisticated understanding of financial markets and our proprietary research techniques. The world is awash in excess savings, and unlike in pre-crisis days, there are no countries with booming stock and real estate markets willing to fund another consumption binge. Affiliations: Santa Fe Institute, Santa Fe, New Mexico, United States of America, Center for Advanced Studies in Ecology and Biodiversity, Pontificia Universidad Católica de Chile, Santiago, Chile, Statistical and Interdisciplinary Physics Group, Instituto Balseiro and Consejo Nacional de Investigaciones Científicas y Técnicas, Although approximately correct, this model fails to explain the frequent occurrence of extreme price movements, such as stock market crashes. The Mathematical Theory of Minority Games : Statistical Mechanics of Interacting Agents ( Oxford Finance ) A.C.C. A famous example is Didier Sornette's use of stress analysis to predict not only earthquakes and failures of pressurised fuel tanks, but also severe crises in financial markets. Though i found it as intriguing subject as to investigate and comparatively phenomena in finance and statistical physics to modeled market (eg. Using applied statistical techniques to design and develop quantitative models which predict price movements. A more convincing defence of financial physics, and the sophisticated statistical analysis it deploys, is that it provides fresh perspective, revealing patterns that had been missed.