Statistical Mechanics of Financial Markets

These book grew out of a course entitled "Physikalische Modelle in der Fi­ nanzwirtschaft" which I have taught at the University of Freiburg during the winter term 1998/1999, building on a similar course a year before at the University of Bayreuth. It was an experiment. My interest in the statistical mechanics of capital markets goes back to a public lecture on self-organized criticality, given at...