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Econophysics Frederic P.  Miller

Econophysics

Frederic P. Miller

Published December 2nd 2009
ISBN : 9786130240509
Paperback
108 pages
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 About the Book 

High Quality Content by WIKIPEDIA articles! Econophysics is an interdisciplinary research field, applying theories and methods originally developed by physicists in order to solve problems in economics, usually those including uncertainty orMoreHigh Quality Content by WIKIPEDIA articles! Econophysics is an interdisciplinary research field, applying theories and methods originally developed by physicists in order to solve problems in economics, usually those including uncertainty or stochastic processes and nonlinear dynamics. Its application to the study of financial markets has also been termed statistical finance referring to its roots in statistical physics. Physicists interest in the social sciences is not new, Daniel Bernoulli, as an example, was the originator of utility- based preferences. One of the founders of neoclassical economic theory, former Yale University Professor of Economics Irving Fisher, was originally trained under the renowned Yale physicist, Josiah Willard Gibbs.