Physics and Finance
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Beschreibung
This book introduces physics students to concepts and methods of finance. Despite being perceived as quite distant from physics, finance shares a number of common methods and ideas, usually related to noise and uncertainties. Juxtaposing the key methods to applications in both physics and finance articulates both differences and common features, this gives students a deeper understanding of the underlying ideas. Moreover, they acquire a number of useful mathematical and computational tools, such as stochastic differential equations, path integrals, Monte-Carlo methods, and basic cryptology. Each chapter ends with a set of carefully designed exercises enabling readers to test their comprehension.
This book introduces physics students to concepts and methods of finance. Despite being perceived as quite distant from physics, finance shares a number of common methods and ideas, usually related to noise and uncertainties. Juxtaposing the key methods to applications in both physics and finance articulates both differences and common features, this gives students a deeper understanding of the underlying ideas. Moreover, they acquire a number of useful mathematical and computational tools, such as stochastic differential equations, path integrals, Monte-Carlo methods, and basic cryptology. Each chapter ends with a set of carefully designed exercises enabling readers to test their comprehension.
Provides a compact introduction to common concepts of physics and finance Offers cross-disciplinary view which deepens understanding of underlying concepts Exhibits try-yourself MATLAB/Octave scripts which provide hands-on experience Includes end-of-chapter exercises which foster practical working knowledge Presents explicit derivations and worked examples in MATLAB which extend the readers’ “toolbox” of mathematical and computational methods
Autor*in
Volker Ziemann
Themen in »Physics and Finance«
Econophysics textbook Physics and finance Wall Street physics Langevin and Fokker-Planck equation Noise in physics and finance Stochastic processes in physics and finance Application of path integrals Entanglement/Entropy and Cryptocurrencies cryptocurrencies Blockchain and DAOs