Econophysics and Financial Economics

Franck Jovanovic is Associate Professor in Finance at the University of Leicester School of Management, Franck has published or edited 4 books and almost 40 papers. He is regularly invited as visiting professor by universities and research centers. He is research associate with the University of Orleans (France) and with the CIRST (Canada). For several years, Franck has been a research consultant in the private and public sector, including OECD, French Ministry for the Economy and Finance. His research interest focuses on financial economics and its interdisciplinary issues.Christophe Schinckus is Associate Professor in Finance at the University of Leicester, he published more than 50 papers in peer-reviewed journals. His research interest focuses on interdisciplinary issues in financial economics. He presented more than 40 communications in conference and was invited to give lectures in UK (Cambridge), Canada, Europe, Thailand and Vietnam. He is currently finishing a second PhD in Philosophy of Science at the University of Cambridge.

• Chapter 1: Foundations of financial economics: the key role of the Gaussian distribution Chapter 2: Extreme values in financial economics: from their observation to their integration into the Gaussian framework Chapter 3. New tools for extreme-value analysis: statistical physics goes beyond its borders Chapter 4: The disciplinary position of Econophysics: new opportunities for financial innovations Chapter 5. Major contributions of Econophysics to Financial Economics Chapter 6: Towards a common framework Conclusion: What kind of future lies in store for econophysics?

"Twenty years after the creation of econophysics, econophysicists and financial economists still tend to ignore each other. Unraveling the nature and the foundations of these two disciplines is essential in understanding where we are today, and Franck Jovanovic and Christophe Schinckus' book does this extremely well. It provides an outstanding analysis of the current state of knowledge that has emerged between econophysics and financial economics. The authorsstrive to transcend the boundary between the two disciplines and create a profitable dialogue, and they achieve this goal completely. I admire the authors and their work. All economists, financiers andphysicists should read this book!" -- Eugene Stanley"Jovanovic and Schinckus have written a highly original book that looks at the intersection of physics and financial economics (econophysics) from a fresh perspective. Written by financial economists rather than physicists, it converts the results and concepts of econophysics into a language that can be grasped by economists and so put into practice. The fluid integration of history, conceptual foundations, formal details, as well as applications renders thebook highly readable and of interest to researchers from a wide variety of disciplines." -- Dean Rickles, Associate Professor, Faculty of Science, The University of Sydney