Physics and financial economics (1776–2014): puzzles, Ising and agent-based models

D Sornette - Reports on progress in physics, 2014 - iopscience.iop.org
This short review presents a selected history of the mutual fertilization between physics and
economics—from Isaac Newton and Adam Smith to the present. The fundamentally different …

Collective learning modeling based on the kinetic theory of active particles

D Burini, S De Lillo, L Gibelli - Physics of life reviews, 2016 - Elsevier
This paper proposes a systems approach to the theory of perception and learning in
populations composed of many living entities. Starting from a phenomenological description …

Crises and collective socio-economic phenomena: simple models and challenges

JP Bouchaud - Journal of Statistical Physics, 2013 - Springer
Financial and economic history is strewn with bubbles and crashes, booms and busts, crises
and upheavals of all sorts. Understanding the origin of these events is arguably one of the …

Insights from Ising models of land-use under economic coordination incentives

M Drechsler - Physica A: Statistical Mechanics and its Applications, 2023 - Elsevier
Two Ising models are presented, of land-use induced by conservation payment schemes.
Such payments reward the application of conservation measures on private land to …

Unlearnable Games and “Satisficing” Decisions: A Simple Model for a Complex World

J Garnier-Brun, M Benzaquen, JP Bouchaud - Physical Review X, 2024 - APS
As a schematic model of the complexity economic agents are confronted with, we introduce
the “Sherrington-Kirkpatrick game,” a discrete time binary choice model inspired from mean …

Spatial correlations in vote statistics: a diffusive field model for decision-making

C Borghesi, JP Bouchaud - The European Physical Journal B, 2010 - Springer
We study the statistics of turnout rates and results of the French elections since 1992. We
find that the distribution of turnout rates across towns is surprisingly stable over time. The …

The analytics of product-design requirements using dynamic internet data: application to Chinese smartphone market

X Lai, Q Zhang, Q Chen, Y Huang… - International Journal of …, 2019 - Taylor & Francis
To accommodate the diverse users demands for consumer products, enterprises need to
design and develop different lines of products according to different groups of users …

Self-organised critical hot spots of criminal activity

H Berestycki, JP Nadal - European Journal of Applied Mathematics, 2010 - cambridge.org
In this paper1 we introduce a family of models to describe the spatio-temporal dynamics of
criminal activity. It is argued here that with a minimal set of mechanisms corresponding to …

[PDF][PDF] Towards a mathematical theory of complex socio-economical systems by functional subsystems representation

GA Marsan, N Bellomo, M Egidi - Kinet. Relat. Models, 2008 - academia.edu
This paper deals with the development of a mathematical theory for complex socio-
economical systems. The approach is based on the methods of the mathematical kinetic …

Applying diffusion of innovations theory to social networks to understand the stages of adoption in connective action campaigns

B Spann, E Mead, M Maleki, N Agarwal… - Online Social Networks …, 2022 - Elsevier
This research proposes a conceptual framework for determining the adoption trajectory of
information diffusion in connective action campaigns. This approach reveals whether an …