My thoughts:
1) it isn't the physics its the maths techniques first
2) statistical mechanics predicts bulk properties of
matter from considering lots of individual elemnts
each with physical properties each property with its
own statistical distribution - can you see the
similarity to portfolio theory.
3)there are "physical" issues - how "unequal" can a
"distribution" become before it breaks the "system",
how do many individual agents interact in a system
where each action can produce positive feedback, time
series analysis (eg stock index) questions, etc
--- Taha Rangwala <[log in to unmask]> wrote: > Hi,
> I am a senior undergrad majoring in finance. I have
> an upcoming
> presentation - for a class in general physics
> (introductory) - about the
> application of physics in economics. I have read
> numerous books and papers
> on the web talking abt the pareto-levy and the
> gaussian distribution, and
> i must admit most of i it dont understand. Even if I
> give it my best shot,
> im sure my audience wont understand my presentation
> (as they are mostly
> freshman undergrads). So i was hoping if someone
> could help me by
> providing me a clearer (and riduulosly simpler)
> picture of how physics has
> a played a role in economics.
>
> Any help in this matter is greatly appreciated
>
> Taha Rangwala
>
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