Related papers: Economics: The next physical science?
In the coming decade, artificially intelligent agents with the ability to plan and execute complex tasks over long time horizons with little direct oversight from humans may be deployed across the economy. This chapter surveys recent…
A class of models intended to be as minimal and structureless as possible is introduced. Even in cases with simple rules, rich and complex behavior is found to emerge, and striking correspondences to some important core known features of…
The paper discusses fundamental problems in mathematical description of social systems based on physical concepts, with so-called statistical social systems being the main subject of consideration. Basic properties of human beings and human…
A qualitatively new, much more liberal and efficient organisation of science is proposed and justified, in connection with growing debate about further role and development of fundamental science. Although the key ideas can be explained…
Fundamental spin physics has made striking progresses in the last years; new ideas, experiments and data interpretations have been proposed and keep emerging. A review of some of the most important issues in the spin structure of nucleons…
A vast body of literature addresses the complex nature of science's reproducibility crisis. In contrast with this perceived complexity, some recent papers from the discipline of physics suggests that irreproducibility does not point to a…
The status of the sociophysics is discussed as placed between the physics and the sociology. In particular we ask if the second law of thermodynamics can be useful in social sciences.
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…
Many researches have discussed the phenomenon and definition of sharing economy, but an understanding of sharing economy's reconstructions of the world remains elusive. We illustrate the mechanism of sharing economy's reconstructions of the…
This paper offers a step towards research infrastructure, which makes data from experimental economics efficiently usable for analysis of web data. We believe that regularities of human behavior found in experimental data also emerge in…
As the current thermo-industrial civilization expands, its technological and societal complexities increase. We suggest that physical power, economic activity and societal complexity are linked. A simple, intuitive model based on Systems…
I argue that research in physics operates under an implicit community philosophy, and I offer a definition I think physicists would accept, by and large. I compare this definition to what philosophers, sociologists, and historians of…
We discuss social network analysis from the perspective of economics. We organize the presentaion around the theme of externalities: the effects that one's behavior has on others' well-being. Externalities underlie the interdependencies…
In recent years, political economists, financial economists, and other social scientists have introduced spin and lattice models into their theoretical tool kit. To this end, the modeling skills of hard scientists may be of assistance. This…
Functions or 'functionings' enable to give a structure to any activity and their combinations constitute the capabilities which characterize economic assets such as work utility. The basic law of supply and demand naturally emerges from…
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…
Datacentric enthusiasm is growing strong across a variety of domains. Whilst data science asks unquestionably exciting scientific questions, we argue that its contributions should not be extrapolated from the scientific context in which…
Science is a fundamental human activity and we trust its results because it has several error-correcting mechanisms. Its is subject to experimental tests that are replicated by independent parts. Given the huge amount of information…
In recent years, methods from network science are gaining rapidly interest in economics and finance. A reason for this is that in a globalized world the interconnectedness among economic and financial entities are crucial to understand and…
The role of mathematical models in physics has for longer been well established. The issue of their proper building and use appears to be less clear. Examples in this regard from relativity and quantum mechanics are mentioned. Comments…