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The primary goal of the book is to present the ideas and research findings of active researchers such as physicists, economists, mathematicians and financial engineers working in the field of “Econophysics,” who have undertaken the task of modeling and analyzing systemic risk, network dynamics and other topics. Of primary interest in these studies is the aspect of systemic risk, which has long been identified as a potential scenario in which financial institutions trigger a dangerous contagion mechanism, spreading from the financial economy to the real economy. This type of risk, long confined to the monetary market, has spread considerably in the recent past, culminating in the subprime crisis of 2008. As such, understanding and controlling systemic risk has become an extremely important societal and economic challenge. The Econophys-Kolkata VI conference proceedings are dedicated to addressing a number of key issues involved. Several leading researchers in these fields report on their recent work and also review contemporary literature on the subject.

Econophysics --- Financial risk --- Business risk (Finance) --- Money risk (Finance) --- Physics. --- Business. --- Management science. --- Mathematics. --- Statistical physics. --- Dynamical systems. --- Statistical Physics, Dynamical Systems and Complexity. --- Business and Management, general. --- Mathematics, general. --- Risk --- Economics --- Statistical physics --- Statistical methods --- Complex Systems. --- Statistical Physics and Dynamical Systems. --- Physics --- Mathematical statistics --- Trade --- Management --- Commerce --- Industrial management --- Math --- Science --- Quantitative business analysis --- Problem solving --- Operations research --- Statistical decision --- Dynamical systems --- Kinetics --- Mathematics --- Mechanics, Analytic --- Force and energy --- Mechanics --- Statics

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The primary goal of the book is to present the ideas and research findings of active researchers from various communities (physicists, economists, mathematicians, financial engineers) working in the field of "Econophysics", who have undertaken the task of modelling and analyzing order-driven markets. Of primary interest in these studies are the mechanisms leading to the statistical regularities ("stylized facts") of price statistics. Results pertaining to other important issues such as market impact, the profitability of trading strategies, or mathematical models for microstructure effects, are also presented. Several leading researchers in these fields report on their recent work and also review the contemporary literature. Some historical perspectives, comments and debates on recent issues in Econophysics research are also included.

Finance -- Mathematical models. --- Financial mathematics. --- Risk -- Mathematical models. --- Statistical Physics. --- Income distribution --- Finance --- Statistical physics --- Business & Economics --- Economic Theory --- Mathematical models --- Distribution of income --- Income inequality --- Inequality of income --- Partial differential equations. --- System theory. --- Schools of economics. --- Economics. --- Heterodox Economics. --- Complex Systems. --- Partial Differential Equations. --- Statistical Physics and Dynamical Systems. --- Distribution (Economic theory) --- Disposable income --- Differential equations, partial. --- Statistical physics. --- Physics --- Mathematical statistics --- Partial differential equations --- Economics schools of thought --- Schools of economic thought --- Economics --- Statistical methods --- Dynamical systems. --- Dynamical systems --- Kinetics --- Mathematics --- Mechanics, Analytic --- Force and energy --- Mechanics --- Statics

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This book presents the works and research findings of physicists, economists, mathematicians, statisticians, and financial engineers who have undertaken data-driven modelling of market dynamics and other empirical studies in the field of Econophysics. During recent decades, the financial market landscape has changed dramatically with the deregulation of markets and the growing complexity of products. The ever-increasing speed and decreasing costs of computational power and networks have led to the emergence of huge databases. The availability of these data should permit the development of models that are better founded empirically, and econophysicists have accordingly been advocating that one should rely primarily on the empirical observations in order to construct models and validate them. The recent turmoil in financial markets and the 2008 crash appear to offer a strong rationale for new models and approaches. The Econophysics community accordingly has an important future role to play in market modelling. The Econophys-Kolkata VIII conference proceedings are devoted to the presentation of many such modelling efforts and address recent developments. A number of leading researchers from across the globe report on their recent work, comment on the latest issues, and review the contemporary literature.

Physics. --- Socio- and Econophysics, Population and Evolutionary Models. --- Game Theory, Economics, Social and Behav. Sciences. --- Game Theory/Mathematical Methods. --- Complex Systems. --- Complexity. --- Mathematics. --- Engineering. --- Economics, Mathematical. --- Physique --- Mathématiques --- Ingénierie --- Mathématiques économiques --- Physics --- Physical Sciences & Mathematics --- Physics - General --- Economics --- Econophysics. --- Statistical methods. --- Economic statistics --- Game theory. --- System theory. --- Sociophysics. --- Complexity, Computational. --- Economic theory. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Statistical physics --- Statistical methods --- Econometrics --- Data-driven Science, Modeling and Theory Building. --- Construction --- Industrial arts --- Technology --- Economic theory --- Political economy --- Social sciences --- Economic man --- Math --- Science --- Computational complexity. --- Complexity, Computational --- Electronic data processing --- Machine theory --- Systems, Theory of --- Systems science --- Games, Theory of --- Theory of games --- Mathematical models --- Mathematics --- Mathematical sociology --- Philosophy

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This book presents the proceedings from ECONOPHYS-2015, an international workshop held in New Delhi, India, on the interrelated fields of “econophysics” and “sociophysics”, which have emerged from the application of statistical physics to economics and sociology. Leading researchers from varied communities, including economists, sociologists, financial analysts, mathematicians, physicists, statisticians, and others, report on their recent work, discuss topical issues, and review the relevant contemporary literature. A society can be described as a group of people who inhabit the same geographical or social territory and are mutually involved through their shared participation in different aspects of life. It is possible to observe and characterize average behaviors of members of a society, an example being voting behavior. Moreover, the dynamic nature of interaction within any economic sector comprising numerous cooperatively interacting agents has many features in common with the interacting systems of statistical physics. It is on these bases that interest has grown in the application within sociology and economics of the tools of statistical mechanics. This book will be of value for all with an interest in this flourishing field.

Physics. --- Statistics. --- Data-driven Science, Modeling and Theory Building. --- Statistics for Engineering, Physics, Computer Science, Chemistry and Earth Sciences. --- Applications of Graph Theory and Complex Networks. --- Statistical analysis --- Statistical data --- Statistical methods --- Statistical science --- Natural philosophy --- Philosophy, Natural --- Econophysics. --- Sociophysics. --- Mathematics --- Econometrics --- Mathematical sociology --- Statistical physics --- Economics --- Statistics . --- Physical sciences --- Dynamics

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The primary goal of the book is to present the ideas and research findings of active researchers from various communities (physicists, economists, mathematicians, financial engineers) working in the field of "Econophysics", who have undertaken the task of modelling and analyzing order-driven markets. Of primary interest in these studies are the mechanisms leading to the statistical regularities ("stylized facts") of price statistics. Results pertaining to other important issues such as market impact, the profitability of trading strategies, or mathematical models for microstructure effects, are also presented. Several leading researchers in these fields report on their recent work and also review the contemporary literature. Some historical perspectives, comments and debates on recent issues in Econophysics research are also included.

Economics --- Partial differential equations --- Statistical physics --- differentiaalvergelijkingen --- theoretische fysica --- economie