Regensburg 2004 – wissenschaftliches Programm

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AKSOE: Physik sozio-ökonomischer Systeme

AKSOE 1: Finanzm
ärkte und Risikomanagement

AKSOE 1.1: Hauptvortrag

Montag, 8. März 2004, 09:30–10:15, H8

Toward an Understanding of Market Behavior: A Physics Perspective — •Neil Johnson — Physics Department, Oxford University U.K.

There is growing interest in agent-based market models within the physics community. In light of this, we give an overview of such physics-based approaches to self-consistent market modelling. We will focus on the physics community’s search for a minimal market model, and examine the trade-off between the desire for simplicity, yet consistency with the known ’stylized facts’ of markets. [For further details, see ’Financial Market Complexity’ (Oxford University Press, 2003).]

We will then briefly explore related applications of these models in sociological and biological domains.
15 min. Pause