2004/01/04 by Yougui Wang, Wang, Yougui, Jinshan Wu +3
Economics, Econometrics and Finance · Physics and Astronomy · #Complex Network Analysis Techniques #Complex Systems and Time Series Analysis #FOS: Physical sciences #Soft Condensed Matter (cond-mat.soft) #Statistical Mechanics (cond-mat.stat-mech) #Statistical Mechanics and Entropy #cond-mat.soft #cond-mat.stat-mech
paper · pdf · doi:10.48550/arxiv.cond-mat/0401025
23 pages, 16 figures, a review paper created for usage in our own group, maybe valuable for others
arxiv created 2004/01/04 · openalex publication_date 2004/01/04 · arxiv updated 2009/12/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
Econophysics is a new area developed recently by the cooperation between economists, mathematicians and physicists. It's not a tool to predict future prices of stocks and exchange rates. It applies idea, method and models in Statistical Physics and Complexity to analyze data from economical phenomena. In this paper, three examples from three active main topics in Econophysics are presented first. Then using these examples, we analyze the role of Physics in Econophysics. Some comments and emphasis on Physics of Econophysics are included. New idea of network analysis for economy systems is proposed, while the actual analysis is still in progress.