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Philosophy of econophysics

2023
As its portmanteau naming implies, econophysics applies the concepts and methods of physics to economic systems. Given that economic phenomena are exhibited as emergent features of highly complex systems (e.g. financial markets), it is most often statistical physics that is employed (especially the theory of cooperative phenomena and of phase ...
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The econ in econophysics

The European Physical Journal Special Topics, 2020
Modern authors have identified a variety of striking economic patterns, most importantly those involving the distribution of incomes and profit rates. In recent times, the econophysics literature has demonstrated that bottom incomes follow an exponential distribution, top incomes follow a Pareto, and profit rates display a tent-shaped distribution ...
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The trouble with econophysics

Physics World, 2012
With the global financial crisis now in its fifth year, it is time for econophysicists to refocus their efforts to study the problems at the heart of the disaster.
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Evolution of Econophysics

2014
Econophysics is a transdisciplinary research field, in which laws, theories, methods of physics are applied to economics. The term “econophysics” was coined by H. Eugene Stanley in 1995 in Kolkata. Before the term ‘Econophysics’ was coined many people from different branches of science had worked and applied their knowledge in the field of economics ...
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Fractional econophysics: Market price dynamics with memory effects

Physica A: Statistical Mechanics and Its Applications, 2020
Vasily E Tarasov
exaly  

Econophysics review: II. Agent-based models

Quantitative Finance, 2011
Anirban Chakraborti   +2 more
exaly  

The Rise of Econophysics

Classical mechanics provided the conceptual and methodological foundations of neoclassical economics, which has its roots in economic individualism. Since the early twentieth century, statistical mechanics has underpinned a lesser-known approach to economics and finance, one that focuses on aggregates and the interactions between individuals.
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