Dresden 2003 – wissenschaftliches Programm

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AKSOE: Physik sozio-ökonomischer Systeme

AKSOE 1: Finanzm
ärkte und Risikomanagement I

AKSOE 1.1: Hauptvortrag

Montag, 24. März 2003, 09:30–10:15, BAR/205

From financial data to physics models: A new science ? — •Marcel Ausloos — University of Liege , B5 B-4000 Liege, Belgium

Econophysics is a science in its infancy, at the crossing roads of physics, mathematics, computing and of course economics and finance. It also implies human consideration or even sciences, because all economics is ultimately driven by human decision. From this human factor, econophysics has no hope to achieve the status of an exact science, but it is interesting to discover what can be achieved, trying try to push further away any limit, or discovering these potential limits. The role of a physicist is to observe, measure, analyze data, make theories based on models, predict and suggest ways of verifying the theory or models. Much work has already been published on various economic and financial ”problems”. Some brief review will attempt to emphasize ”statistical physics modern ideas” i. e. fractional Brownian motion and the scaling hypothesis in the microscopic-like aspects, and self-organized complexity in the macroscopic-like aspects.