Abstract
The usefulness of two of the pillars of the field of phase transitions and critical phenomena - scale invariance and universality - in guiding research on economics is discussed. The results of two recent studies - the probability distribution of stock price fluctuations and quantifying business firm fluctuations - are reviewed.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 31-41 |
| Number of pages | 11 |
| Journal | Physica A: Statistical Mechanics and its Applications |
| Volume | 283 |
| Issue number | 1 |
| DOIs | |
| State | Published - Aug 1 2000 |
| Event | VI Latin American Workshop on Nonlinear Phenomena LAWNP'99 , The XII MEDYFINOL Conference on 'Statistical Physics of Dynamic and Complex Systems' - Cordoba, Argent Duration: Oct 12 1999 → Oct 16 1999 |
ASJC Scopus subject areas
- Statistics and Probability
- Condensed Matter Physics