PHYSICISTS ATTEMPT TO SCALE THE IVORY TOWERS OF FINANCE
- 1 July 2000
- journal article
- Published by World Scientific Pub Co Pte Ltd in International Journal of Theoretical and Applied Finance
- Vol. 3 (3) , 311-333
- https://doi.org/10.1142/s0219024900000164
Abstract
Physicists have recently begun doing research in finance, and even though this movement is less than five years old, interesting and useful contributions have already emerged. This article reviews these developments in four areas, including empirical statistical properties of prices, random-process models for price dynamics, agent-based modeling, and practical applications.Keywords
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