Research Overview
My works can be grouped into finance theory and general theory. They are derived from the same theoretical foundation. But the languages used could be slightly different.
The general theory and some of its applications are summarized in my book, The Physical Foundation of Economics: An Analytical Thermodynamic Theory. The contents of the book are the following:
1. The Entropy Theory of Human Mind,
2. The Entropy Theory of Value,
3. Production and Competition: An Analytical Thermodynamic Theory,
4. Natural Resources, Technology and Institutions: A Historical Perspective
5. Migration, Trade, Education and Fertility: A Spatial Perspective
6. From Modern Astronomy to Modern Finance: A New Theory of Finance
Epilogue: Mathematics, Beauty and Reality
Since the publication of the book, various aspects of the theory have been updated continuously.
For the finance theory, they are represented in investment theory by
The Theory of Judgment and its Application to Behavioral Finance,
in project investment by
An Analytical Theory of Project Investment: A Comparison with Real Option Theory,
and in corporate finance by