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Econophysics. Econophysics is a non-orthodox (in economics) interdisciplinary research field, applying theories and methods originally developed by physicists in order to solve problems in economics, usually those including uncertainty or stochastic processes and nonlinear dynamics. Some of its application to the study of financial markets has ...
An ordinary differential equation ( ODE) is an equation containing an unknown function of one real or complex variable x, its derivatives, and some given functions of x. The unknown function is generally represented by a variable (often denoted y ), which, therefore, depends on x. Thus x is often called the independent variable of the equation.
Game theory is the study of mathematical models of strategic interactions. [1] It has applications in many fields of social science, and is used extensively in economics, logic, systems science and computer science. [2] Initially, game theory addressed two-person zero-sum games, in which a participant's gains or losses are exactly balanced by ...
Willard Gibbs, Graphical Methods in the Thermodynamics of Fluids The concept of entropy is described by two principal approaches, the macroscopic perspective of classical thermodynamics, and the microscopic description central to statistical mechanics. The classical approach defines entropy in terms of macroscopically measurable physical properties, such as bulk mass, volume, pressure, and ...
An example would be a factory increasing its saleable product, but also increasing its CO 2 production, for the same input increase. [2] The law of diminishing returns is a fundamental principle of both micro and macro economics and it plays a central role in production theory. [5]
Hysteresis. Electric displacement field D of a ferroelectric material as the electric field E is first decreased, then increased. The curves form a hysteresis loop. Hysteresis is the dependence of the state of a system on its history. For example, a magnet may have more than one possible magnetic moment in a given magnetic field, depending on ...
In nuclear physics and particle physics, the weak interaction, also called the weak force, is one of the four known fundamental interactions, with the others being electromagnetism, the strong interaction, and gravitation. It is the mechanism of interaction between subatomic particles that is responsible for the radioactive decay of atoms: The ...
Release notes detail the corrections, changes or enhancements (functional or non-functional) made to the service or product the company provides.They might also be provided as an artifact accompanying the deliverables for System Testing and System Integration Testing and other managed environments especially with reference to an information technology organization.