Physics and Finance (Undergraduate Lecture Notes in Physics)

Book Details

• Publisher: Springer

• Author: Volker Ziemann

• Language: English

• Edition: 1st ed. 2021

• ISBN: 9783030636456

• Pages: 286

• Cover: Paperback

• Dimensions: 9.2 x 6.1 x 0.8 inches

About The Book

Physics and Finance: Concepts, Methods, and Applications by Volker Ziemann introduces physics students to the fascinating world of finance, shedding light on the shared methods and ideas that link both fields. Although finance may seem distant from physics, it shares fundamental concepts, particularly when dealing with noise, uncertainties, and the application of mathematical and computational tools.

This book juxtaposes key methods in physics and finance, illustrating both their similarities and differences. By exploring the underlying principles common to both disciplines, students gain a deeper understanding of the approaches used in each field.

Key features of the book include:

• Stochastic differential equations and their applications in both fields.

• Path integrals and Monte Carlo methods as powerful tools for analyzing uncertainty.

• Introduction to basic cryptology within the context of finance and physics.

• Carefully designed exercises at the end of each chapter, allowing readers to test and solidify their comprehension.

By bridging the gap between physics and finance, this book provides students with a unique perspective and equips them with essential tools that are widely applicable in both physics research and financial modeling. It's an ideal resource for anyone looking to explore the intersection of these two seemingly disparate fields.