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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...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
MDPI
2022
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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. |
format | Online Article Text |
id | pubmed-8870777 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | MDPI |
record_format | MEDLINE/PubMed |
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 |
work_keys_str_mv | AT smolyakalex threedecadesineconophysicsfrommicroscopicmodellingtomacroscopiccomplexityandback AT havlinshlomo threedecadesineconophysicsfrommicroscopicmodellingtomacroscopiccomplexityandback |