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The Story of Econophysics
  • Language: en
  • Pages: 222

The Story of Econophysics

This book will appeal to the lay-reader with an interest in the history of what is today termed ‘Econophysics’, looking at various works throughout the ages that have led to the emergence of this field. It begins with a discussion of the philosophers and scientists who have contributed to this discipline, before moving on to considering the contributions of different institutions, books, journals and conferences in nurturing the subject.

Fundamentals of Evolutionary Game Theory and its Applications
  • Language: en
  • Pages: 223

Fundamentals of Evolutionary Game Theory and its Applications

  • Type: Book
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  • Published: 2015-10-23
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  • Publisher: Springer

​This book both summarizes the basic theory of evolutionary games and explains their developing applications, giving special attention to the 2-player, 2-strategy game. This game, usually termed a "2×2 game” in the jargon, has been deemed most important because it makes it possible to posit an archetype framework that can be extended to various applications for engineering, the social sciences, and even pure science fields spanning theoretical biology, physics, economics, politics, and information science. The 2×2 game is in fact one of the hottest issues in the field of statistical physics. The book first shows how the fundamental theory of the 2×2 game, based on so-called replicator...

Practical Fruits of Econophysics
  • Language: en
  • Pages: 410

Practical Fruits of Econophysics

The proceedings of the Third Nikkei Econophysics Symposium, "Business Models in the 21st Century - Risk Management and Expectations for Econophysics," held in Tokyo in November 2004, are gathered herein. Cutting-edge research on the practical application of econophysics is included, covering such topics as the predictability of markets, the analysis of rare events, the mechanism of crashes and bubbles, markets’ correlation and risk management, investment strategy, stochastic market simulations, agent-based market simulations, wealth distribution, and network structures in economics, most of which are beyond the scope of standard financial technology. New market models and financial-data analysis methods are introduced, and dynamic aspects of markets and economy are highlighted. Professionals, researchers, and students will find an invaluable resource in this first book of its kind to summarize the latest work in the field of econophysics.

Collaborative Value Co-creation in the Platform Economy
  • Language: en
  • Pages: 275

Collaborative Value Co-creation in the Platform Economy

  • Type: Book
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  • Published: 2018-07-11
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  • Publisher: Springer

This book offers a service science perspective on platform orchestration and on collaborative consumption, providing an overview of research topics related to service dominant logic in multi-sided markets. The chapters give an international and multi-disciplinary overview of the current topics of digital service platforms from many angles. This overview helps in filling the gap between service science and recent research of the platform economy and paves the way for future service platform research. Open standards and distributed databases such as blockchain configurations increase the connectivity of business ecosystems as devices and systems exchange data with each other instead of through...

Social Decision Systems Science
  • Language: en
  • Pages: 180

Social Decision Systems Science

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Spectral Theory of Value and Actual Economies
  • Language: en
  • Pages: 512

Spectral Theory of Value and Actual Economies

This book develops a unified treatment of the income distribution–capital–value problems with respect to actual economies, and then gradually turns to the issues of effective demand and capitalist accumulation fluctuations from both political economy and economic policy perspectives. That treatment, on the one hand, places produced means of production, positive profits, and capital accumulation at the centre of the analysis and, on the other hand, is analytically based on the modern control theory. Hence, the authors’ investigation is concerned with input–output representations of actual single and joint production, heterogeneous labour, and open economies; zeroes in on the character...

Social Systems and Design
  • Language: en
  • Pages: 245

Social Systems and Design

  • Type: Book
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  • Published: 2014-07-08
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  • Publisher: Springer

We live in the worlds that we help to create every day. Every activity either supports an existing system or effects some change, however small. But is it possible to consciously create the worlds in which we want to live? This volume brings together systems theorists and practitioners who have worked on that question for decades. It explores connections between design and systems ideas to explain why some efforts have been more successful than others, and what is needed if we are to move forward. It offers reflections on early and large-scale attempts at impacting societal systems, as well as proposals for taking those ideas into the future. Examples date back to the Club of Rome in the 1960s and look forward to the creation of ecologically sustainable systems in the future. They address the need for collaboration and inclusion in settings from communities to corporations. And while theories are presented as support for the examples, they are explained in practical ways meant to be accessible both to students and to general readers.

Comparative Economics in a Transforming World Economy, third edition
  • Language: en
  • Pages: 745

Comparative Economics in a Transforming World Economy, third edition

  • Type: Book
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  • Published: 2018-01-26
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  • Publisher: MIT Press

An approach to comparative economic systems that avoids simple dichotomies to examine a wide variety of institutional and systemic arrangements, with updated country case studies. Comparative economics, with its traditional dichotomies of socialism versus capitalism, private versus state, and planning versus market, is changing. This innovative textbook offers a new approach to understanding different economic systems that reflects both recent transformations in the world economy and recent changes in the field.This new edition examines a wide variety of institutional and systemic arrangements, many of which reflect deep roots in countries' cultures and histories. The book has been updated a...

Evolutionary Games with Sociophysics
  • Language: en
  • Pages: 232

Evolutionary Games with Sociophysics

  • Type: Book
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  • Published: 2018-11-27
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  • Publisher: Springer

Recent applications of evolutionary game theory in the merging fields of the mathematical and social sciences are brilliantly portrayed in this book, which highlights social physics and shows how the approach can help to quantitatively model complex human–environmental–social systems. First, readers are introduced to the fundamentals of evolutionary game theory. The two-player, two-strategy game, or the 2 × 2 game, is presented as an archetype to help understand the difficulty of cooperating for survival against defection in common social contexts. Subsequently, the book explains the theoretical background of the multi-player, two-strategy game, which may be more widely applicable than ...

Innovative Approaches in Agent-Based Modelling and Business Intelligence
  • Language: en
  • Pages: 284

Innovative Approaches in Agent-Based Modelling and Business Intelligence

  • Type: Book
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  • Published: 2018-12-08
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  • Publisher: Springer

This book thoroughly prepares intermediate-level readers for research in social science, organization studies, economics, finance, marketing science, and business science as complex adaptive systems. It presents the advantages of social simulation studies and business intelligence to those who are not familiar with the computational research approach, and offers experienced modelers various instructive examples of using agent-based modeling and business intelligence approaches to inspire their own work. In addition, the book discusses cutting-edge techniques for complex adaptive systems using their applications. To date, business science studies have focused only on data science and analyses...