Applications of statistical physics methods in economics: Current state and perspectives
Department of Economics, University of Kiel and Banco de España Chair in Computational Economics, University Jaume I, 24118 Kiel, Germany
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Received: 7 April 2016
Revised: 15 September 2016
Published online: 22 December 2016
This note discusses the development of applications of statistical physics to economics since the beginning of the ‘econophysics’ movement about twenty years ago. I attempt to assess which of these applications appear particularly valuable and successful, and where important overlaps exist between research conducted by economist and ‘econophysicists’.
© EDP Sciences, Springer-Verlag, 2016