메뉴 건너뛰기




Volumn 11, Issue 5, 2008, Pages 745-760

Econophysics and economic complexity

Author keywords

Bubbles and crashes; Complexity; Econophysics; Emergence

Indexed keywords


EID: 57249084071     PISSN: 02195259     EISSN: None     Source Type: Journal    
DOI: 10.1142/S0219525908001957     Document Type: Article
Times cited : (41)

References (92)
  • 2
    • 0035823152 scopus 로고    scopus 로고
    • Zipf distribution of US firm sizes
    • Axtell, R. L., Zipf distribution of US firm sizes, Science 293 (2001) 1818-1820.
    • (2001) Science , vol.293 , pp. 1818-1820
    • Axtell, R.L.1
  • 4
    • 0003432181 scopus 로고    scopus 로고
    • Springer-Verlag, New York
    • Bak, P., How Nature Works (Springer-Verlag, New York, 1997).
    • (1997) How Nature Works
    • Bak, P.1
  • 5
    • 33745000742 scopus 로고    scopus 로고
    • Culture crash
    • Ball, P., Culture crash, Nature 441 (2006) 686-688.
    • (2006) Nature , vol.441 , pp. 686-688
    • Ball, P.1
  • 6
    • 85015692260 scopus 로고
    • The pricing of options and corporate liabilities
    • Black, F. and Scholes, M. P., The pricing of options and corporate liabilities, J. Pol. Economy 81 (1973) 637-654.
    • (1973) J. Pol. Economy , vol.81 , pp. 637-654
    • Black, F.1    Scholes, M.P.2
  • 7
    • 0001866008 scopus 로고
    • Bubbles, rational expectations, and financial markets
    • P. Wachtel ed, Lexington, Massachusetts
    • Blanchard, O. and Watson, M. W., Bubbles, rational expectations, and financial markets. In: P. Wachtel (ed.), Crises in the Economic and Financial Structure (Lexington, Massachusetts, 1982), pp. 315.
    • (1982) Crises in the Economic and Financial Structure , pp. 315
    • Blanchard, O.1    Watson, M.W.2
  • 9
    • 0001288049 scopus 로고    scopus 로고
    • A rational route to randomness
    • Brock, W. A. and Hommes, C. H., A rational route to randomness, Econometrica 65 (1997) 1059-1095.
    • (1997) Econometrica , vol.65 , pp. 1059-1095
    • Brock, W.A.1    Hommes, C.H.2
  • 10
    • 85036876221 scopus 로고    scopus 로고
    • More hedging instruments may destabilize markets
    • University of Amsterdam
    • Brock, W. A., Hommes, C. H. and Wagener, F., More hedging instruments may destabilize markets. Mimeo, CeNDEF, University of Amsterdam, 2006.
    • (2006) Mimeo, CeNDEF
    • Brock, W.A.1    Hommes, C.H.2    Wagener, F.3
  • 11
    • 0011831909 scopus 로고    scopus 로고
    • Forecasting multifractal volatility
    • Calvet, L. E. and Fisher, A., Forecasting multifractal volatility, J. Econometrics 105 (2001) 27-58.
    • (2001) J. Econometrics , vol.105 , pp. 27-58
    • Calvet, L.E.1    Fisher, A.2
  • 12
    • 0032342550 scopus 로고    scopus 로고
    • A power law for scaling the volatility of GDP growth rates with country size
    • Canning, D., Amaral, L. A. N., Lee, Y., Meyer, M. and Stanley, H. E., A power law for scaling the volatility of GDP growth rates with country size, Econ. Lett. 60 (1998) 335-341.
    • (1998) Econ. Lett , vol.60 , pp. 335-341
    • Canning, D.1    Amaral, L.A.N.2    Lee, Y.3    Meyer, M.4    Stanley, H.E.5
  • 14
    • 27244452956 scopus 로고    scopus 로고
    • A short story
    • A. Chatterjee, S. Yarlagadda and B. K. Chakrabarti eds, Springer, Milan
    • Chakrabarti, B. K., Econophys-Kolkata: A short story. In: A. Chatterjee, S. Yarlagadda and B. K. Chakrabarti (eds.), The Econophysics of Wealth Distributions (Springer, Milan, 2005), pp. 225-228.
    • (2005) The Econophysics of Wealth Distributions , pp. 225-228
    • Chakrabarti, B.1    Econophys-Kolkata, K.2
  • 15
    • 35649027925 scopus 로고    scopus 로고
    • Chatterjee, A. and Chakrabarti, B. K, eds, Springer, Milan
    • Chatterjee, A. and Chakrabarti, B. K. (eds.), Econophysics of Stock and Other Markets (Springer, Milan, 2006).
    • (2006) Econophysics of Stock and Other Markets
  • 16
    • 27244452956 scopus 로고    scopus 로고
    • Chatterjee, A, Yarlagadda, S. and Chakrabarti, B. K, eds, Springer, Milan
    • Chatterjee, A., Yarlagadda, S. and Chakrabarti, B. K. (eds.), The Econophysics of Wealth Distributions (Springer, Milan, 2005).
    • (2005) The Econophysics of Wealth Distributions
  • 17
    • 49749213366 scopus 로고
    • On certain formal properties of grammars
    • Chomsky, N., On certain formal properties of grammars, Inform. Control 2 (1959) 137-167.
    • (1959) Inform. Control , vol.2 , pp. 137-167
    • Chomsky, N.1
  • 18
    • 85036868640 scopus 로고    scopus 로고
    • Church, A., A note on the entscheidungsproblem, J. Symbolic Logic 1 (1936) 40-41, corr. 101-102.
    • Church, A., A note on the entscheidungsproblem, J. Symbolic Logic 1 (1936) 40-41, corr. 101-102.
  • 19
    • 33845297701 scopus 로고
    • The calculi of emergence: Computation, dynamics and induction
    • Crutchfield, J., The calculi of emergence: Computation, dynamics and induction, Physica D 75 (1994) 11-54.
    • (1994) Physica D , vol.75 , pp. 11-54
    • Crutchfield, J.1
  • 21
    • 1542718495 scopus 로고    scopus 로고
    • On the origin of power law tails in price fluctuations
    • Farmer, J. D. and Lillo, F., On the origin of power law tails in price fluctuations, Quant. Fin. 4 (2004) C7-C11.
    • (2004) Quant. Fin , vol.4
    • Farmer, J.D.1    Lillo, F.2
  • 22
    • 43949149753 scopus 로고
    • A statistical equilibrium theory of markets
    • Foley, D. K., A statistical equilibrium theory of markets, J. Econ. Theory 62 (1994) 321-345.
    • (1994) J. Econ. Theory , vol.62 , pp. 321-345
    • Foley, D.K.1
  • 23
    • 0002147472 scopus 로고
    • Random economies with many interacting agents
    • Föllmer, H., Random economies with many interacting agents, J. Math. Econ. 1 (1974) 51-62.
    • (1974) J. Math. Econ , vol.1 , pp. 51-62
    • Föllmer, H.1
  • 25
    • 0013034368 scopus 로고    scopus 로고
    • Zipf's law for cities: An explanation
    • Gabaix, X., Zipf's law for cities: An explanation, Quart. J. Econ. 114 (1999) 739-767.
    • (1999) Quart. J. Econ , vol.114 , pp. 739-767
    • Gabaix, X.1
  • 26
    • 0038576446 scopus 로고    scopus 로고
    • On the size distribution of firms: Additional evidence from the G7 countries
    • Gaffeo, E., Gallegait, M. and Palestrini, A., On the size distribution of firms: Additional evidence from the G7 countries, Physica A 324 (2003) 117-123.
    • (2003) Physica A , vol.324 , pp. 117-123
    • Gaffeo, E.1    Gallegait, M.2    Palestrini, A.3
  • 29
    • 67651155073 scopus 로고    scopus 로고
    • Hedge funds and derivatives and their implications for the financial system
    • Sep. 15, Federal Reserve Bank of New York. Available at
    • Geithner, T. F., Hedge funds and derivatives and their implications for the financial system. Speech to the Hong Kong Monetary Authority, Sep. 15, 2006, Federal Reserve Bank of New York. Available at http://www.newyorkfed.org/ newsevents/speeches.2006/gel060914.html.
    • (2006) Speech to the Hong Kong Monetary Authority
    • Geithner, T.F.1
  • 31
    • 0039034720 scopus 로고
    • Dynamical coupling with especial reference to markets having production lags
    • Goodwin, R. M., Dynamical coupling with especial reference to markets having production lags, Econometrica 15 (1947) 181-204.
    • (1947) Econometrica , vol.15 , pp. 181-204
    • Goodwin, R.M.1
  • 35
    • 0035873141 scopus 로고    scopus 로고
    • Finite-time singularities in the dynamics of world population and economic indices
    • Johansen, A. and Sornette, D., Finite-time singularities in the dynamics of world population and economic indices, Physica A 294 (2001) 465-502.
    • (2001) Physica A , vol.294 , pp. 465-502
    • Johansen, A.1    Sornette, D.2
  • 37
    • 27944448926 scopus 로고    scopus 로고
    • The science of complexity: Epistemological problems and perspectives
    • Israel, G., The science of complexity: Epistemological problems and perspectives, Sci. Context 18 (2005) 1-31.
    • (2005) Sci. Context , vol.18 , pp. 1-31
    • Israel, G.1
  • 40
    • 0001902056 scopus 로고
    • Three approaches to the quantitative definition of information
    • Kolmogorov, A. N., Three approaches to the quantitative definition of information, Problems of Information Transmission 1 (1965) 4-7.
    • (1965) Problems of Information Transmission , vol.1 , pp. 4-7
    • Kolmogorov, A.N.1
  • 41
    • 0002129055 scopus 로고
    • Economic growth and income inequality
    • Kuznets, S., Economic growth and income inequality, Am. Econ. Rev. 45 (1955) 1-28.
    • (1955) Am. Econ. Rev , vol.45 , pp. 1-28
    • Kuznets, S.1
  • 43
    • 0002302751 scopus 로고
    • On effectively computable realizations of choice functions
    • Lewis, A. A., On effectively computable realizations of choice functions, Math. Soc. Sci. 10 (1985) 43-80.
    • (1985) Math. Soc. Sci , vol.10 , pp. 43-80
    • Lewis, A.A.1
  • 45
    • 84871926428 scopus 로고    scopus 로고
    • Applications of statistical physics in finance and economics
    • J. B. Rosser, Jr, ed, Edward Elgar, Cheltenham
    • Lux, T., Applications of statistical physics in finance and economics, In J. B. Rosser, Jr. (ed.), Handbook on Complexity Research (Edward Elgar, Cheltenham, 2008).
    • (2008) Handbook on Complexity Research
    • Lux, T.1
  • 47
    • 0000494244 scopus 로고
    • Some new results on the local stability of the process of capital accumulation
    • Magill, M. J. P., Some new results on the local stability of the process of capital accumulation, J. Econ. Theory 14 (1977) 174-210.
    • (1977) J. Econ. Theory , vol.14 , pp. 174-210
    • Magill, M.J.P.1
  • 48
    • 0001504360 scopus 로고
    • The variation of certain speculative prices
    • Mandelbrot, B. B., The variation of certain speculative prices, J. Bus. 36 (1963) 394-419.
    • (1963) J. Bus , vol.36 , pp. 394-419
    • Mandelbrot, B.B.1
  • 51
    • 0001099154 scopus 로고
    • Lévy walks and enhanced diffusion in Milan Stock Exchange
    • Mantegna, R. N., Lévy walks and enhanced diffusion in Milan Stock Exchange, Physica A 179 (1991) 232-242.
    • (1991) Physica A , vol.179 , pp. 232-242
    • Mantegna, R.N.1
  • 53
    • 21544447231 scopus 로고    scopus 로고
    • Computability and evolutionary complexity: Markets as complex adaptive systems
    • Markose, S. M., Computability and evolutionary complexity: Markets as complex adaptive systems, Econ. J. 115 (2005) F159-F192.
    • (2005) Econ. J , vol.115
    • Markose, S.M.1
  • 54
    • 0017185443 scopus 로고
    • Simple mathematical models with very complicated dynamics
    • May, R. M., Simple mathematical models with very complicated dynamics, Nature 261 (1976) 459-467.
    • (1976) Nature , vol.261 , pp. 459-467
    • May, R.M.1
  • 57
    • 33748703294 scopus 로고    scopus 로고
    • Response to "worrying trends in econophysics
    • McCauley, J. L., Response to "worrying trends in econophysics", Physica A 371 (2006) 601-609.
    • (2006) Physica A , vol.371 , pp. 601-609
    • McCauley, J.L.1
  • 59
  • 60
    • 33947542585 scopus 로고    scopus 로고
    • Markets come to bits: Evolution, computation, and markomata in economic science
    • Mirowski, P., Markets come to bits: Evolution, computation, and markomata in economic science, J. Econ. Behav. Organ. 63 (2007) 209-242.
    • (2007) J. Econ. Behav. Organ , vol.63 , pp. 209-242
    • Mirowski, P.1
  • 61
    • 0001102743 scopus 로고
    • Undecidability and unpredictability in dynamical systems
    • Moore, C., Undecidability and unpredictability in dynamical systems, Phys. Rev. Lett. 64 (1990) 2354-2357.
    • (1990) Phys. Rev. Lett , vol.64 , pp. 2354-2357
    • Moore, C.1
  • 62
    • 85036893386 scopus 로고    scopus 로고
    • Neumann, J. von, Theory of Self-Reproducing Automata, edited and compiled by A. W. Burks (University of Illinois Press, 1966).
    • Neumann, J. von, Theory of Self-Reproducing Automata, edited and compiled by A. W. Burks (University of Illinois Press, 1966).
  • 64
    • 11244300070 scopus 로고    scopus 로고
    • Zipf zipped
    • Nitsch, V., Zipf zipped, J. Urban Econ. 57 (2005) 86-100.
    • (2005) J. Urban Econ , vol.57 , pp. 86-100
    • Nitsch, V.1
  • 66
    • 0001138028 scopus 로고
    • Brownian motion in stock markets
    • Osborne, M. F. M., Brownian motion in stock markets, Operations Res. 7 (1959) 145-173.
    • (1959) Operations Res , vol.7 , pp. 145-173
    • Osborne, M.F.M.1
  • 68
    • 0001358373 scopus 로고    scopus 로고
    • Complex systems: A physicist's viewpoint
    • Parisi, G., Complex systems: A physicist's viewpoint, Physica A 263 (1999) 557-564.
    • (1999) Physica A , vol.263 , pp. 557-564
    • Parisi, G.1
  • 69
    • 0345298269 scopus 로고    scopus 로고
    • Plerou, V., Amaral, L. A. N., Gopakrishnan, P., Meyer, M., Stanley and H. E., Similarities between the growth dynamics of university research and competitive economic activities, Nature 400 (1999) 433-437.
    • Plerou, V., Amaral, L. A. N., Gopakrishnan, P., Meyer, M., Stanley and H. E., Similarities between the growth dynamics of university research and competitive economic activities, Nature 400 (1999) 433-437.
  • 74
    • 0001178567 scopus 로고    scopus 로고
    • On the complexities of complex economic dynamics
    • Rosser, J. B. Jr., On the complexities of complex economic dynamics, J. Econ. Perspectives 12(4) (1999) 169-192.
    • (1999) J. Econ. Perspectives , vol.12 , Issue.4 , pp. 169-192
    • Rosser Jr., J.B.1
  • 75
    • 0003818719 scopus 로고    scopus 로고
    • From Catastrophe to Chaos: A General Theory of Economic Discontinuities
    • 2nd edn, Kluwer, Boston, Dordrecht
    • Rosser, J. B. Jr., From Catastrophe to Chaos: A General Theory of Economic Discontinuities, Volume I: Mathematics, Microeconomics, Macroeconomics, and Finance, 2nd edn. (Kluwer, Boston, Dordrecht, 2000).
    • (2000) Mathematics, Microeconomics, Macroeconomics, and Finance , vol.1
    • Rosser Jr., J.B.1
  • 76
    • 85036884038 scopus 로고    scopus 로고
    • Rosser, J. B. Jr., Econophysics. In: L. E. Blume and S. N. Durlauf (eds.), New Palgrave Dictionary of Economics, 2nd edn. (Macmillan, London, 2006), in press. Available at http://cob.jmu.edu/rosserjb
    • Rosser, J. B. Jr., Econophysics. In: L. E. Blume and S. N. Durlauf (eds.), New Palgrave Dictionary of Economics, 2nd edn. (Macmillan, London, 2006), in press. Available at http://cob.jmu.edu/rosserjb
  • 78
    • 85036875627 scopus 로고    scopus 로고
    • Rosser, J. B. Jr., Computational and dynamic complexity in economics. In: J. B. Rosser Jr. (ed.), Handbook of Complexity Research (Edward Elgar, Cheltenham, 2009), forthcoming. Available at http://cob.jmu.edu/rosserjb
    • Rosser, J. B. Jr., Computational and dynamic complexity in economics. In: J. B. Rosser Jr. (ed.), Handbook of Complexity Research (Edward Elgar, Cheltenham, 2009), forthcoming. Available at http://cob.jmu.edu/rosserjb
  • 79
    • 84856043672 scopus 로고
    • A mathematical theory of communication
    • Shannon, C. E., A mathematical theory of communication, Bell Syst. Tech. J. 27 (1948) 623-656.
    • (1948) Bell Syst. Tech. J , vol.27 , pp. 623-656
    • Shannon, C.E.1
  • 80
    • 0000790263 scopus 로고
    • The architecture of complexity
    • Simon, H. A., The architecture of complexity, Proc. Am. Philoso. Soc. 106 (1962) 467-482.
    • (1962) Proc. Am. Philoso. Soc , vol.106 , pp. 467-482
    • Simon, H.A.1
  • 82
    • 31744448317 scopus 로고    scopus 로고
    • Predictability of large future changes in major financial indices
    • Sornette, D. and Zhou, W.-X., Predictability of large future changes in major financial indices, Int. J. Forecast. 22 (2005) 153-168.
    • (2005) Int. J. Forecast , vol.22 , pp. 153-168
    • Sornette, D.1    Zhou, W.-X.2
  • 84
    • 85027603274 scopus 로고
    • The evolution of complexity in primitive economies: Theory
    • Stodder, J. P., The evolution of complexity in primitive economies: theory, J. Comparative Econ. 20 (1995) 1-31.
    • (1995) J. Comparative Econ , vol.20 , pp. 1-31
    • Stodder, J.P.1
  • 85
    • 0001575872 scopus 로고
    • Asset bubbles and overlapping generations
    • Tirole, J., Asset bubbles and overlapping generations, Econometrica 53 (1985) 1499-1528.
    • (1985) Econometrica , vol.53 , pp. 1499-1528
    • Tirole, J.1
  • 86
    • 84960561455 scopus 로고    scopus 로고
    • Turing, A. M., On computable numbers, with an application to the Entscheidungsproblem, Proc. London Math. Soc., Ser. 2 42 230-265, corr. 1937, ibid. 43 (1936-37) 544-546.
    • Turing, A. M., On computable numbers, with an application to the Entscheidungsproblem, Proc. London Math. Soc., Ser. 2 42 230-265, corr. 1937, ibid. 43 (1936-37) 544-546.
  • 87
    • 0002011401 scopus 로고
    • The chemical basis of morphogenesis
    • Turing, A. M., The chemical basis of morphogenesis, Philos. Trans. Roy. Soc. B 237 (1952) 37-72.
    • (1952) Philos. Trans. Roy. Soc. B , vol.237 , pp. 37-72
    • Turing, A.M.1
  • 89
    • 57249083321 scopus 로고    scopus 로고
    • A primer on the tools and concepts of computable economics
    • K. V. Velupillai ed, Blackwell, Victoria
    • Velupillai, K. V., A primer on the tools and concepts of computable economics. In: K. V. Velupillai (ed.), Computability, Complexity and Constructivity in Economic Analysis (Blackwell, Victoria, 2005), pp. 148-197.
    • (2005) Computability, Complexity and Constructivity in Economic Analysis , pp. 148-197
    • Velupillai, K.V.1
  • 91
    • 85036897227 scopus 로고    scopus 로고
    • Yakovenko, V. M., Statistical mechanics approaches to econophysics. In: R. Meyers (ed.), Encyclopedia of Complexity and Systems Science (Springer, Berlin, 2007) forthcoming. Available at arXiv:0709.3662v3.
    • Yakovenko, V. M., Statistical mechanics approaches to econophysics. In: R. Meyers (ed.), Encyclopedia of Complexity and Systems Science (Springer, Berlin, 2007) forthcoming. Available at arXiv:0709.3662v3.


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.