University of Cambridge > Talks.cam > CamPoS (Cambridge Philosophy of Science) seminar > What makes econophysics distinctive?

What makes econophysics distinctive?

Add to your list(s) Download to your calendar using vCal

If you have a question about this talk, please contact .

There is a long history of ideas (and people) moving from fields such as physics and mathematics into finance. In the past, the ideas and methods of physicists have been rapidly integrated into economic thought. Beginning around 1990, however, a new movement of physicists attempting to apply methods from statistical physics to economic problems began. Strangely, this time the ideas from physics have not been widely adopted or integrated into mainstream economics. Instead, a new, largely autonomous field of “econophysics” has appeared, in which people trained mostly in physics or by physicists work on problems of economics. In this talk, I will explore some of the reasons for the appearance of this new field. Ultimately I will argue that what make econophysics distinctive—both from economics, and from past attempts to import ideas from physics—is that econophysicists seem to recognize, and attempt to meet, an explanatory demand that economists reject, concerning the relationship between models of individual actors and market-level and economy-level models.

This talk is part of the CamPoS (Cambridge Philosophy of Science) seminar series.

Tell a friend about this talk:

This talk is included in these lists:

Note that ex-directory lists are not shown.

 

© 2006-2019 Talks.cam, University of Cambridge. Contact Us | Help and Documentation | Privacy and Publicity