Economics need a scientific revolution

Jean-Philippe Bouchaud
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Jean-Philippe Bouchaud: CFM

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Abstract: I argue that the current financial crisis highlights the crucial need of a change of mindset in economics and financial engineering, that should move away from dogmatic axioms and focus more on data, orders of magnitudes, and plausible, albeit non rigorous, arguments.

Date: 2008-10
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Published in Nature, vol 455, p. 1181 (2008)

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