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Applications of statistical physics methods in economics: Current state and perspectives

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Abstract

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’.

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Authors and Affiliations

  1. Department of Economics, University of Kiel and Banco de España Chair in Computational Economics, University Jaume I, 24118, Kiel, Germany

    Thomas Lux

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  1. Thomas Lux
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Correspondence to Thomas Lux.

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Lux, T. Applications of statistical physics methods in economics: Current state and perspectives. Eur. Phys. J. Spec. Top. 225, 3255–3259 (2016). https://doi.org/10.1140/epjst/e2016-60101-x

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  • DOI: https://doi.org/10.1140/epjst/e2016-60101-x

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