Econophysics: Can physicists contribute to the science of economics?

H. E. Stanley*, L. A N Amaral, D. Canning, P. Gopikrishnan, Y. Lee, Y. Liu

*Corresponding author for this work

Research output: Contribution to journalConference articlepeer-review

122 Scopus citations

Abstract

Econophysics is a new word used to described work being done by physicists in which financial and economic systems are treated as complex systems. Everyone is affected by economic fluctuations, and quantifying fluctuations is a topic that many physicists have contributed to in recent years. The methods and concepts developed in the study of strongly fluctuation systems might yield new results in economics. Two new empirical laws in studying fluctuations of economics is presented.

Original languageEnglish (US)
Pages (from-to)156-169
Number of pages14
JournalPhysica A: Statistical Mechanics and its Applications
Volume269
Issue number1
DOIs
StatePublished - Jul 1 1999
EventProceedings of the 1998 International Workshop on Econophysics and Statistical Finance - Palermo, Italy
Duration: Sep 28 1998Sep 30 1998

ASJC Scopus subject areas

  • Statistics and Probability
  • Condensed Matter Physics

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