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  • 标题:Financial Heat Machine
  • 本地全文:下载
  • 作者:Andrei Khrennikov ; Sergei Kozyrev
  • 期刊名称:Investment Management & Financial Innovations
  • 印刷版ISSN:1810-4967
  • 电子版ISSN:1812-9358
  • 出版年度:2004
  • 卷号:1
  • 期号:1
  • 页码:50-52
  • 语种:English
  • 出版社:LLC “Consulting Publishing Company “Business Perspectives”
  • 摘要:We consider dynamics of financial market as dynamics of expectations and discuss such a dynamics from the point of view of phenomenological thermodynamics.We describe financial Carnot cycle and financial analogue of heat machine.We see,that while in physics perpetuum mobile is absolutely impossible,in economics this may happen under some conditions.
  • 关键词:thermodynamics;financial market;Carnot cycle;perpetuum mobile;Maxwell's demon;the second law of thermodynamics.
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