Thermodynamic analogies in economics and finance: instability of markets
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- Bucsa, G. & Jovanovic, F. & Schinckus, C., 2011. "A unified model for price return distributions used in econophysics," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 390(20), pages 3435-3443.
- Wayne, James J., 2013.
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- Jovanovic, Franck & Schinckus, Christophe, 2017. "Econophysics and Financial Economics: An Emerging Dialogue," OUP Catalogue, Oxford University Press, number 9780190205034.
- Schinckus, Christophe, 2008. "The financial simulacrum: The consequences of the symbolization and the computerization of the financial market," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(3), pages 1076-1089, June.
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More about this item
Keywords
Economics; utility; entropy and disorder; thermodynamics; financial markets; stochastic processes;All these keywords.
JEL classification:
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
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