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Three Decades in Econophysics—From Microscopic Modelling to Macroscopic Complexity and Back

We explore recent contributions to research in Econophysics, switching between Macroscopic complexity and microscopic modelling, showing how each leads to the other and detailing the everyday applicability of both approaches and the tools they help develop. Over the past decades, the world underwent...

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Detalles Bibliográficos
Autores principales: Smolyak, Alex, Havlin, Shlomo
Formato: Online Artículo Texto
Lenguaje:English
Publicado: MDPI 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8870777/
https://www.ncbi.nlm.nih.gov/pubmed/35205566
http://dx.doi.org/10.3390/e24020271
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author Smolyak, Alex
Havlin, Shlomo
author_facet Smolyak, Alex
Havlin, Shlomo
author_sort Smolyak, Alex
collection PubMed
description We explore recent contributions to research in Econophysics, switching between Macroscopic complexity and microscopic modelling, showing how each leads to the other and detailing the everyday applicability of both approaches and the tools they help develop. Over the past decades, the world underwent several major crises, leading to significant increase in interdependence and, thus, complexity. We show here that from the perspective of network science, these processes become more understandable and, to some extent, also controllable.
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spelling pubmed-88707772022-02-25 Three Decades in Econophysics—From Microscopic Modelling to Macroscopic Complexity and Back Smolyak, Alex Havlin, Shlomo Entropy (Basel) Review We explore recent contributions to research in Econophysics, switching between Macroscopic complexity and microscopic modelling, showing how each leads to the other and detailing the everyday applicability of both approaches and the tools they help develop. Over the past decades, the world underwent several major crises, leading to significant increase in interdependence and, thus, complexity. We show here that from the perspective of network science, these processes become more understandable and, to some extent, also controllable. MDPI 2022-02-14 /pmc/articles/PMC8870777/ /pubmed/35205566 http://dx.doi.org/10.3390/e24020271 Text en © 2022 by the authors. https://creativecommons.org/licenses/by/4.0/Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
spellingShingle Review
Smolyak, Alex
Havlin, Shlomo
Three Decades in Econophysics—From Microscopic Modelling to Macroscopic Complexity and Back
title Three Decades in Econophysics—From Microscopic Modelling to Macroscopic Complexity and Back
title_full Three Decades in Econophysics—From Microscopic Modelling to Macroscopic Complexity and Back
title_fullStr Three Decades in Econophysics—From Microscopic Modelling to Macroscopic Complexity and Back
title_full_unstemmed Three Decades in Econophysics—From Microscopic Modelling to Macroscopic Complexity and Back
title_short Three Decades in Econophysics—From Microscopic Modelling to Macroscopic Complexity and Back
title_sort three decades in econophysics—from microscopic modelling to macroscopic complexity and back
topic Review
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8870777/
https://www.ncbi.nlm.nih.gov/pubmed/35205566
http://dx.doi.org/10.3390/e24020271
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