Related papers: Response to Worrying Trends in Econophysics
This review article is the second part of the project ``Selected Topics of Social Physics". The first part has been devoted to equilibrium systems. The present part considers nonequilibrium systems. The style of the paper combines the…
In this paper the general principles and categories of mixed economy that currently exist in almost all countries of the world are presented. The paper also presents an Advanced Model of Mixed Economy with Threshold (AMMET), which is…
In our comment we show that some of the very difficult problems have been successfully solved. We have to focus on the resolved problems, since the authors claims: Our hope, however, is that the topics we have presented will provide…
A scientometric analysis has been performed on selected physics journals to estimate the presence of simulation and modeling in physics literature in the past fifty years. Correlations between the observed trends and several social and…
The paper presents instructive interdisciplinary applications of constrained mechanics calculus in economics on a level appropriate for the undergraduate physics education. The aim of the paper is: 1. to meet the demand for illustrative…
There has been a recent spate of essays defending presentism, the view in the metaphysics of time according to which all and only present events or entities exist. What is particularly striking about this resurgence is that it takes place…
A popular science article designed to introduce people familiar with basic cosmological nomenclature with models alternative to cosmological inflation. The paper briefly discusses the modern view of the Big Bang model, inflation (both its…
Statistical physics has proven to be a very fruitful framework to describe phenomena outside the realm of traditional physics. The last years have witnessed the attempt by physicists to study collective phenomena emerging from the…
Classical quantitative finance models such as the Geometric Brownian Motion or its later extensions such as local or stochastic volatility models do not make sense when seen from a physics-based perspective, as they are all equivalent to a…
Entropy is a very useful concept from physics that tries to explain how a system behaves from a point of view of the thermodynamics. However, there are two ways to explain entropy, and it depends on if we are studying a microsystem or a…
The idea of gravity as an "emergent" phenomenon has gained popularity in recent years. I discuss some of the obstacles that any such model must overcome in order to agree with the observational underpinnings of general relativity.
Developing and making sense of quantitative models is a core practice of physics. Covariational reasoning -- considering how the changes in one quantity affect changes in another, related quantity -- is an essential part of modeling…
The complexity of emergent wicked problems, such as climate change, culminates in a reformulation of how we think about society and mobilize scientists from various disciplines to seek solutions and perspectives on the problem. From an…
Although classical economic theory is based on the concept of stable equilibrium, real economic systems appear to be always out of equilibrium. Indeed, they share many of the dynamical features of other complex systems, e.g., ecological…
A sketch of three senses of emergence and a suggestive view on the emergence of time and the direction of time is presented. After trying to identify which issues philosophers interested in emergent phenomena in physics view as important I…
Over the last three decades, the human brain, and its role in determining behavior have been receiving a growing amount of attention in academia as well as in society more generally. Neuroscientific explanations of human behavior or other…
In this paper we discuss recent developments in econometrics that we view as important for empirical researchers working on policy evaluation questions. We focus on three main areas, where in each case we highlight recommendations for…
Research framed around issues of diversity and representation is often controversial. The question of what constitutes a valid critique of such research, or the appropriate manner of airing such a critique, thus has a heavy ideological and…
This article addresses broad trends in interdisciplinary research in physics where interactions with colleagues in fields such as computer science, ecology, or economics can often be derailed by unintentional clashes of methodologies and…
Recent research on the decline in the paper disruption index (D-index) has sparked heated debates among scholars and garnered significant attention from policymakers and research institution leaders globally. To bridge the gap between…