28 Oct, 4.30 – 6.30pm: N301, Institute of Historical Research, Senate House, London
Econophysics : Still Fringe after 30 years?
In this talk I will give a personal account of the physicists’ endeavor to scale the ivory tower of economics and finance. I will try to review the major conceptual and cultural differences between the two fields that have (up to now) hampered meaningful cross-fertilisation. I will give a few examples of the models and methods promoted by physicists, and why they should be relevant in economics where the main issue is (in my view) about cooperation and coordination of heterogenous, interacting units. I will conclude on an optimistic note, observing the numerous recent inter-disciplinary projects, and propose a few directions of potentially interesting research paths.
Jean-Philippe Bouchaud is a Professor of Physics at École Polytechnique and is Chairman and Chief Scientist at Capital Fund Management.