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The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes, global warming, demographic patterns, financial crises, and the failure of...
Persistent link: https://www.econbiz.de/10014481837
Contrary to common belief, both the Earth's human population and its economic output have grown faster than exponential, i.e., in a super-Malthusian mode, for most of the known history. These growth rates are compatible with a spontaneous singularity occurring at the same critical time 2052±10...
Persistent link: https://www.econbiz.de/10011057652
We propose that large stock market crashes are analogous to critical points studied in statistical physics with log-periodic correction to scaling. We extend our previous renormalization group model of stock market prices prior to and after crashes (D. Sornette, A. Johansen, J.P. Bouchaud, J....
Persistent link: https://www.econbiz.de/10011060039
We follow up our previous conjecture that large stock market crashes are analogous to critical points in statistical physics. The term “critical” refers to regimes of cooperative behavior, such as magnetism at the Curie temperature and liquid–gas transitions, and is characterized by the...
Persistent link: https://www.econbiz.de/10011060585
We describe an experiment on the dynamical response of the internaut population surfing the World-Wide-Web to a Dirac-like perturbation, specifically how the popularity of a web site evolves and relaxes as a function of time in response to the publication of a notice/advertisement in a...
Persistent link: https://www.econbiz.de/10011064005
This short review presents a selected history of the mutual fertilization between physics and economics, from Isaac Newton and Adam Smith to the present. The fundamentally different perspectives embraced in theories developed in financial economics compared with physics are dissected with the...
Persistent link: https://www.econbiz.de/10010411863
Humankind is confronted with a "nuclear stewardship curse'', facing the prospect of needing to manage nuclear products over long time scales in the face of the short-time scales of human polities. I propose a super Manhattan-type effort to rejuvenate the nuclear energy industry to overcome the...
Persistent link: https://www.econbiz.de/10011296090
The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes, global warming, demographic patterns, financial crises, and the failure of...
Persistent link: https://www.econbiz.de/10014488373
Preface -- Setting the landscape -- Examples of risk information concealment practice -- Causes of risk information concealment -- Major on-going cases with information concealment practice -- Successful risk information management.
Persistent link: https://www.econbiz.de/10013555441
Persistent link: https://www.econbiz.de/10014340777