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Some Relevant Econophysics’ Moments of History, Definitions, Methods, Models and New Trends

Gheorghe Săvoiu and Ion Iorga–Simăn
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Ion Iorga–Simăn: University of Pitesti

Romanian Economic Business Review, 2008, vol. 3, issue 3, 29-41

Abstract: New models result from a new way of thinking or from the trans-disciplinary methods used in new domains. Econophysics improve the quality of the classical research of Economics through its original models and methods. As a new or very young science Econophysics means either a new domain for physicists or new methods and ways of thinking for economists in the modern world. Physicists have recently established careers in the banking, financial, life insurance and marketing more easily than we could imagine only because their appetite for data and new laws of economic realities. After a brief historical background of the last three decades, a new section is defining what Econophysics is, and others underline significant methods, models, results, and trends. A final remark is inspired by the needs of globalize economies.

Keywords: Econophysics; Statistical Physics; Econophysics model; Quantum Statistics; power law; diffusion. (search for similar items in EconPapers)
Date: 2008
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