The Physics of Finance: A Collection of Essays Oct 28 2019 15:17 languageMoneyScience
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Mark Buchanan's excellent collection of essays is well worth a read:
This collection explores modern research that is helping to transform economics and finance, especially through inspiration coming from physics and the other natural sciences. If traditional economics has emphasized self-regulation and market equilibrium, the new perspective emphasizes the myriad positive feed backs that often drive markets away from equilibrium and cause tumultuous crashes and other crises. Much as happens routinely in the atmosphere, as with the storm pictured above. I’ve been writing a blog on this topic for several years; here at Medium I’d like to spread these ideas to a larger and I hope different audience.
Defending economists from themselves
Economists need to stand up to economists who give their field a bad name
Economic orthodoxy is going down
… even if most economists don’t yet know it
How to consistently beat the markets: solid evidence
A new study documents predictable patterns in market movements, patterns which have persisted for 200 years. No, the markets are not efficient
Democracy? That WAS a nice experiment
Why democracy is heading for extinction… get ready for elite economic domination
Why we misunderstand capitalism
Wealth isn’t money. It’s having solutions to human problems.
Why high alcohol consumption is optimal for humans
From Paul Pfleiderer, a brilliant demolition of the way economists create, use and defend their models
Taxis 2.0: Streamlining city transport with graph theory
Big city taxi systems could be 40% more efficient with device-enabled taxi sharing
Arrogant physicists do they think economics is easy?
No. But their ideas can help improve economics, and here’s why
Random oblivious transfer: is quantum secured finance almost a reality?
Why quantum cryptography could soon play a role in our financial lives
The fragile “wisdom” of crowds
Why prediction markets aren’t quite as amazing as economists once thought
Climate change: what do we know?
A short, sharp review of the important stuff everyone should know
A picture makes it clear: the recession IS over
Not that many people will know it for quite some time
What’s the use of “econo-physics”?
Why physics + economics = more than you think
Bio-finance? Why high-frequency trading makes stocks flock like birds
Plus a bonus: enjoy an “awesome” fish video
Economics: we find the truth axiomatically
How economists implicitly assume what they claim to know
Economics: How often do we “lose” decades?
According to actual history, much more often than most economists think
Can Big Data predict stock price movements?
“Just so” stories of modern economics
Economists like to tell stories with their theories. They look like the wrong stories…
The physics of finance?
What this is about