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Market Fluctuations – the Thermodynamics Approach

机译:市场波动–热力学方法

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A thermodynamic analogy in economics is older than the idea of von Neumann tolook for market entropy in liquidity, advice that was not taken in any thermodynamic analogypresented so far in the literature. In this paper, we go further and use a standard approachin market fluctuation and develop a set of equations which are a simple model for marketfluctuation in a hypothetical financial market.In the past decade or so, physicists have begun todo academic research in economics. Perhaps people are now actively involved in an emergingfield often called Econophysics. The scope of this paper is to present a phenomenological analysisfor Market Fluctuations through Thermodynamics approach The main ambition of this studyis fourfold: 1) First we begin our description with how market parameters vary with time byusing of simplest example. 2) To extend that the market fluctuations appears with the enforcedchanges of macro parameters of the market and land speculations with non existence. 3) Nextwe derived the equation for how market fluctuates with respect to time in an equilibrium state.4) Finally we analyze the how the fluctuations affects the perceptions of the market agents onthe future. And this paper end with conclusion.
机译:经济学中的热力学类比早于冯·诺伊曼(von Neumann)寻找流动性的市场熵的想法,该建议迄今尚未在文献中提出的任何热力学类比中得到采纳。在本文中,我们走得更远,在市场波动中使用标准方法,并开发了一套方程,这些方程是假设金融市场中市场波动的简单模型。在过去的十年左右的时间里,物理学家开始进行经济学方面的学术研究。也许人们现在正积极参与通常称为经济物理学的新兴领域。本文的范围是通过热力学方法对市场波动进行现象学分析。本研究的主要目的是四个方面:1)首先,我们通过使用最简单的例子来描述市场参数随时间的变化。 2)扩大市场波动是由于市场宏观参数的强制变化和不存在的土地投机而出现的。 3)接下来,我们得出了在均衡状态下市场如何随时间波动的方程。4)最后,我们分析了波动如何影响市场对未来的看法。并得出结论。

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