The Statistical Mechanics of Financial Markets

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Focusing on the application of statistical physics to financial markets, this third edition significantly expands on previous content, incorporating practical insights from the author's experience as a risk manager. New chapters delve into risk management and economic capital, addressing both foundational and advanced topics, including coherent risk measures. The book also explores Basel II, the capital adequacy framework shaping global risk management standards, highlighting its relevance and the opportunities it presents for physicists in the banking sector.