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Econophysics

Brief description of the course:

1. The courses deal with both traditional and interdisciplinary approaches about the operation of the markets, asset management and investors' behaviour. Special attention is given on alternative interpretations of the financial turbulences and the possibilities of designing efficient economic strategies during fragile periods, by using notions and methods drawn from physical sciences (Physics, Biology, etc) and time series analysis. Objective: bridge the gap between mainstream Economics and the Science of Complexity. Goal: Introduction and general overview of Econophysics. The way that information is disseminated, the behaviour of investors, the nature of speculation and the specific characteristics of shocks hitting the markets raise several questions concerning the efficiency of the mainstream approaches. According to Efficient Market Hypothesis (EMH), the market constantly fulfils investors' expectations and absorbs instantly incoming news. However, as recent experience brought into light, the aforementioned mechanisms induce more complex structures and drive prices away from their fundamentals. The main topics discussed are: o Why Econo(mics)Physics? o Efficient Market Hypothesis & Limitations o Heterogeneity o Financial Risk Assessment

1 : Duration/Dates of the course

2 : Exercises

3 : Educational material

4 : Lecturer information

5 : Related courses

6 : other

If you want to get additional information about any course of the ICoSCIS project just contact:

icoscis@physics.auth.gr

(c) Computational Physics Group A.U.Th.