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Visualization of microstructures of economic flows and adaptive control

In: Practical Fruits of Econophysics

Author

Listed:
  • Yoshitake Yamazaki

    (Institute of Theoretical Physics (CAS)
    Institut fuer Nanotechnologie (FZK)
    Institute of Physics (CAS)
    Peking University)

  • Zhong-can Ou-Yang

    (Institute of Theoretical Physics (CAS))

  • Herbert Gleiter

    (Institut fuer Nanotechnologie (FZK))

  • Kunquan Lu

    (Institute of Physics (CAS))

  • Dianhong Shen

    (Institute of Physics (CAS))

  • Xing Zhu

    (Peking University)

Abstract

Summary Economic flows are modeled based on the microscopic particle pictures, and studied by renormalized stochastic dynamics and simulations. From the universal behavior obtained, every catastrophic behavior of the flows may be understood, as well as which sub-system is concerned and how to avoid it by suitable control measures.

Suggested Citation

  • Yoshitake Yamazaki & Zhong-can Ou-Yang & Herbert Gleiter & Kunquan Lu & Dianhong Shen & Xing Zhu, 2006. "Visualization of microstructures of economic flows and adaptive control," Springer Books, in: Hideki Takayasu (ed.), Practical Fruits of Econophysics, pages 386-390, Springer.
    • Handle: RePEc:spr:sprchp:978-4-431-28915-9_71
    DOI: 10.1007/4-431-28915-1_71
    as

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