Related papers: Universal Laws and Economic Phenomena
Multifractality is ubiquitously observed in complex natural and socioeconomic systems. Multifractal analysis provides powerful tools to understand the complex nonlinear nature of time series in diverse fields. Inspired by its striking…
This article gives a brief overview of the status of attempts to constrain inflation using observations, and examines prospects for future developments.
In line with the recent research and debates about econophysics and financial economics, this article discusses on usual misunderstandings between the two disciplines in terms of modelling and basic hypotheses. In the literature devoted to…
This work models the interconnection of company's investment managers' representations and the market attraction of its shares. The models that reflect the connection of the company's market effectiveness indices and parameters of its…
Meta-analysis employs statistical techniques to synthesize the results of individual studies, providing an estimate of the overall effect size for a specific outcome of interest. The direction and magnitude of this estimate, along with its…
Currently it is widely accepted that the language of science is mathematics. This book explores an alternative idea where the future of science is based on the language of algorithms and programs. How such a language can actually be…
Computational models pervade all branches of the exact sciences and have in recent times also started to prove to be of immense utility in some of the traditionally 'soft' sciences like ecology, sociology and politics. This volume is a…
Various aspects of physics beyond the Standard Model are discussed from the perspective of the fantastic phenomenological success of the Standard Model, its simplicity and predictive power
I study the limit of a large random economy, where a set of consumers invests in financial instruments engineered by banks, in order to optimize their future consumption. This exercise shows that, even in the ideal case of perfect…
The contradiction between physical and economical sciences concerning the growth of the production/consumption mechanism is analyzed. It is then shown that if one wishes to keep the security level stable or to enhance it in a growing…
A major question in philosophy of science involves the unreasonable effectiveness of mathematics in physics. Why should mathematics, created or discovered, with nothing empirical in mind be so perfectly suited to describe the laws of the…
We state and prove a Lemma in 1 variable Calculus, that justifies some arguments previously used to ilustrate non-uniqueness of some generalized physical quantities.
We develop a general framework to analyze the distribution functions of wealth and income. Within this framework we study wealth distribution in a society by using a model which turns on two-party trading for poor people while for rich…
A brief overview of the models and data analyses of income, wealth, consumption distributions by the physicists, are presented here. It has been found empirically that the distributions of income and wealth possess fairly robust features,…
Physicists study a wide variety of phenomena creating new interdisciplinary research fields by applying theories and methods originally developed in physics in order to solve problems in economics, social science, biology, medicine,…
An introduction to applied mathematics written for students in engineering and science. Focus is on a rigorous presentation that also builds understanding by discussion, analogy, and examples. Discussion of concepts involved in modeling…
The paper is devoted to the introduction of natural deduction systems for some weak subintuitionistic logics, along with proofs of normalization theorems for these systems.
Mathematics and its relation to the physical universe have been the topic of speculation since the days of Pythagoras. Several different views of the nature of mathematics have been considered: Realism - mathematics exists and is…
Laymen and sometimes even physicists think of natural sciences, in particular of theoretical and mathematical physics often as subjects, which unfold according to an intrinsic logical pattern, with the limitations being set only by the…
An axiomatic approach to macroeconomics based on the mathematical structure of thermodynamics is presented. It deduces relations between aggregate properties of an economy, concerning quantities and flows of goods and money, prices and the…