Related papers: Response to Worrying Trends in Econophysics
The purpose of this research article is to discover how the econophysics analysis can complement the econometrics models in application to the risk management in the central banks and financial institutions, operating within the nonlinear…
This is a broad and in part unconventional review of our current knowledge of fundamental physics, emphasizing the potential for advances the LHC will open up.
This is a reply to Johansen's comment on `Are Financial Crashes Predictable?', by L. Laloux, M. Potters, R. Cont, J.P. Aguilar, J.P. Bouchaud, Europhys. Lett. 45, p. 1 (1999).
Economies are complex man-made systems where organisms and markets interact according to motivations and principles not entirely understood yet. The increasing dissatisfaction with the postulates of traditional economics i.e. perfectly…
It has been shown that the long term evolution of the Gross Product of the World after World War II can be well portrayed by the exponential function with the crossover at the year 1973, cinsiding with the Oil Crisis onset. For the the…
For over two decades, detecting rare events has been a challenging task among researchers in the data mining and machine learning domain. Real-life problems inspire researchers to navigate and further improve data processing and algorithmic…
We report the results of an exploratory study that examines the judgments of climate scientists, climate policy experts, astrophysicists, and non-experts (N = 3,367) about the factors that contribute to the creation and persistence of…
We believe that economists have much to learn from educational research practices and related pedagogical innovations in other disciplines, in particular physics education. In this paper we identify three key features of physics education…
One 'problem' with the 21st century world, particularly the economic and business worlds, is the phenomenal and increasing number of interconnections between economic agents (consumers, firms, banks, markets, national economies). This…
We discuss the problems of consensus and unity in science. The natural sciences seem to contrast with many other areas of endeavor in that a high level of consensus seems to exist in them. However, a careful analysis of the structure of…
The need for revolution in modern physics is a well known and often broached subject, however, the precision and success of current models narrows the possible changes to such a great degree that there appears to be no major change…
The monograph is concerned with some key problems of the theory of nonlinear economic dynamics. The authors' concept consists in analyzing the problem of structural instability of economic systems within the framework of the synergetic…
The cost of the impacts of climate change have already proven to be larger than previously believed. Understanding the costs and benefits of adapting to the changing climate is necessary to make targeted and appropriate investment…
We refute the criticism expressed in a comment by P. Talkner and P. H\"anggi [Phys. Rev. E 102, 066101 (2020)] on our paper Phys. Rev. E 101, 050101(R) (2020). We first make clear that our paper is free of any technical mistakes. We then…
This is a critical review of the book 'A New Kind of Science' by Stephen Wolfram. We do not attempt a chapter-by-chapter evaluation, but instead focus on two areas: computational complexity and fundamental physics. In complexity, we address…
The authors discuss various objections and rejoinders in the collected responses [math.HO/9404229,math.HO/9404236] to their original article on the relationship between mathematics and theoretical physics [math.HO/9307227].
Econophysics, is based on the premise that some ideas and methods from physics can be applied to economic situations. We intend to show in this paper how a physics concept such as entropy can be applied to an economic problem. In so doing,…
A criticism against the conception adopted by some textbook's authors concerning ideal constraints is presented. The criticism is strengthen with two traditional examples.
Macroeconomics essentially discusses macroeconomic phenomena from the perspectives of various schools of economic thought, each of which takes different views on how macroeconomic agents make decisions and how the corresponding markets…
We respond to the criticism raised in the paper arXiv:1704.07831.