New Perspectives and Challenges in Econophysics and Sociophysics

This book presents results on the latest perspectives and challenges within the interrelated fields of econophysics and sociophysics, which have emerged from the application of statistical physics to economics and sociology. Economic and financial markets

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Frédéric Abergel Bikas K. Chakrabarti Anirban Chakraborti Nivedita Deo Kiran Sharma   Editors

New Perspectives and Challenges in Econophysics and Sociophysics

New Perspectives and Challenges in Econophysics and Sociophysics

New Economic Windows Series Editors Marisa Faggini, Department of Economics and Statistics/DISES, University of Salerno, Fisciano (SA), Italy Mauro Gallegati, DISES, Politecnica delle Marche University, Ancona, Italy Alan P. Kirman, EHESS, Aix-Marseille University, Marseille, France Thomas Lux, University of Kiel, Kiel, Germany Editorial Board Members Fortunato Tito Arecchi, Scientific Associate of Istituto Nazionale di Ottica (INO) del CNR, Emeritus of Physics, University of Firenze, Firenze, Italy Sergio Barile, Dipartimento di Management, University of Rome “La Sapienza”, Rome, Italy Bikas K. Chakrabarti, Saha Institute of Nuclear Physics, S. N. Bose National Centre for Basic Sciences, Indian Statistical Institute, Kolkata, India Arnab Chatterjee, TCS Innovation Labs, The Research and Innovation unit of Tata Consultancy Services, Gurgaon, India David Colander, Department of Economics, Middlebury College, Middlebury, USA Richard H. Day, Department of Economics, University of Southern California, Los Angeles, USA Steve Keen, School of Economics, History and Politics, Kingston University, London, UK Marji Lines, Università Luiss Guido Carli, Rome, Italy Alfredo Medio, Groupe de Recherche en Droit, Économie, Gestion (GREDEG), Institut Supérieur d’Économie et Management (ISEM), Université de Nice-Sophia Antipolis, Nice, France Paul Ormerod, Volterra Consulting, London, UK J. Barkley Rosser, James Madison University, Harrisonburg, USA Sorin Solomon, Racah Institute of Physics, The Hebrew University of Jerusalem, Jerusalem, Israel Kumaraswamy Velupillai, Department of Economics, The New School for Social Research, New York, USA Nicolas Vriend, School of Economics and Finance, Queen Mary University of London, London, UK

More information about this series at http://www.springer.com/series/6901

Frédéric Abergel Bikas K. Chakrabarti Anirban Chakraborti Nivedita Deo Kiran Sharma •



Editors

New Perspectives and Challenges in Econophysics and Sociophysics

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Editors Frédéric Abergel Centrale Supélec Gif-sur-Yvette, France

Bikas K. Chakrabarti Saha Institute of Nuclear Physics Kolkata, India

Anirban Chakraborti Jawaharlal Nehru University New Delhi, India

Nivedita Deo University of Delhi New Delhi, India

Kiran Sharma Jawaharlal Nehru University New Delhi, India

ISSN 2039-411X ISSN 2039-4128 (electronic) New Economic Windows ISBN 978-3-030-11363-6 ISBN 978-3-030-11364-3 (eBook) https://doi.org/10.1007/978-3-030-11364-3 Library of Congress Control Number: 2018967429 © Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical