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News Feature
Nature 441, 686-688 (8 June 2006) | doi:10.1038/441686a; Published online 7 June 2006
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Econophysics: Culture Crash
Philip Ball1
- Philip Ball is a consultant editor for Nature.
Abstract
Some economists had hoped that physicists might shake up the rigid theories typical of mainstream economics. But so far, they're unimpressed by physicists' handling of the markets. Philip Ball reports.
For the past two decades, some physicists have been trying to apply their ideas and tools to an area that seems a long way from traditional physics. They are exploring the notion that there might be a kind of physics of the economy — an 'econophysics', as it has been dubbed1.
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