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Econophysics Physical Aplication On Economics

November 4th, 2009 | 1 Comment | Posted in Berita

From Wikipedia Econophysics is an interdisciplinary research field, applying theories and methods originally developed by physicists in order to solve problems in economics, usually those including uncertainty or stochastic processes and nonlinear dynamics. Its application to the study of financial markets has also been termed statistical finance referring to its roots in statistical physics. Physicists’ interest in the social sciences is not new, Daniel Bernoulli, as an example, was the originator of utility-based preferences. One of the founders of neoclassical economic theory, former Yale University Professor of Economics Irving Fisher, was originally trained under the renowned Yale physicist, Josiah Willard Gibbs

Econophysics was started  from 1990s by scientist they decided to solve a complex problem on economics especially in financial market they applied a Physical methods to explain a generally economics phenomena.

The basics method on Econophysics are probabilistic and statistical mechanics the physics model that have been applied include perlocation models, chaotic models the model as used in earthquake prediction

and the other methods commonly used are fluid mechanics, quantum mechanics , line integral ,etc

they are also analogies between finance theory and diffusion theory For example, the Black-Scholes equation for option pricing is a diffusion-advection equation.

aditonal tags: cache:vJTIZ2vIqwkJ:www curvatech com/2009/11/03/belajar-ilmu-komputer-secara-online/, econophysics

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One Response to “Econophysics Physical Aplication On Economics”

  1. MASTERgoMASTER (4 comments) Says:

    good posting i like it & very helpful for me.thank for sharing

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