Questions tagged [econo-physics]

The use of methods from the physical sciences to aid in the study of economic and financial systems. Note that econo-physics questions are only allowed if they are mainly about physics.

Filter by
Sorted by
Tagged with
1
vote
1answer
23 views

Boltzmann distribution for non-energy models

My question is rather general and it regards the possibility to associate the Boltzmann probability distribution to some energy model. What are the general assumptions that an Energy-based model needs ...
1
vote
0answers
57 views

Similarity of Equations used in Physics and Economics [closed]

I just read that there was a machine to simulate economic processes using the flow of water (https://en.wikipedia.org/wiki/MONIAC) since some equations in economics are similar to the equations in ...
0
votes
1answer
54 views

The thermodynamics of Malthusian economics [closed]

This question sits at the crossroad between economics and physics. Given that The Earth receives a finite amount of light from the sun every day It can dissipate a finite amount of heat and reflect ...
0
votes
0answers
24 views

Advanced wind electricity generation

Well, when it comes to electricity generation it is important to design units to be scalable enough. With wind turbines becoming popular nowadays it is very important. As you know, currently wind ...
1
vote
3answers
39 views

Simple equation for repulsion force on a bounded interval

I've been reading some literature on opinion dynamics models that aim to describe how agents' opinions change after interacting with each other. A classical model (from this paper) for describing how ...
0
votes
1answer
32 views

Analytical methods for complex systems comprising of self-interested agents

I'm interested in mathematically describing complex systems that are composed of agents that have self-interest. Recently, I've been thinking along the lines that the macro-structure that we see in ...
11
votes
1answer
1k views

Where can I learn about connections between economics and physics?

I understand that there are a lot of concepts in economics motivated by physics so I was wondering if anyone would be able to recommend me some sources to learn about these things. Ideally, a textbook ...
5
votes
0answers
113 views

Hamiltonian System Outside Physics [closed]

What are good examples of Hamiltonian systems outside physics? I heard there are financial systems that can be described by a Lagrangian, and was interested to see some examples
1
vote
0answers
89 views

Association of financial phenomena/indications with the conservation laws of Black Scholes equation

For a while I've been doing research on methods of obtaining conservation laws via the symmetries of differential equations (DEs). I'm presently doing research on identifying financial indicators/...
10
votes
1answer
620 views

Relationship between the Black-Scholes model and path integrals

This question was inspired by some interesting comments by Rod Vance on this answer. Could you (Rod), or someone else, expand on these comments and give a brief summary of the connection between the ...
22
votes
1answer
4k views

The Concepts of Path Integral in Quantitative Finance [closed]

I realize that path integral techniques can be applied to quantitative finance such as option value calculation. But I don't quite understand how this is done. Is it possible to explain this to me ...