Schroedinger's Cash Register
Physicists try to break economists' monopoly on financial theory
How is the stock market like the nucleus of an atom? To an economist, the question sounds like a joke. It's no laughing matter, however, for physicists seeking to plant their flag in the field of economics.
In the past few years, these trespassers have borrowed from quantum mechanics, string theory, and other accomplishments of physics in an attempt to divine undiscovered laws of finance. They're already tallying what they say are important gains.
Inside the halls of economics, the whoops of physicists outside barely stir the air. Economists occasionally gaze out the windows, but are unimpressed by what they see. Is the new physics of finance a fool's errand, as most economists contend, or a rising stock that they will soon be buying into?
No, this is not a late April Fools. See sciencenews.org
How is the stock market like the nucleus of an atom? To an economist, the question sounds like a joke. It's no laughing matter, however, for physicists seeking to plant their flag in the field of economics.
In the past few years, these trespassers have borrowed from quantum mechanics, string theory, and other accomplishments of physics in an attempt to divine undiscovered laws of finance. They're already tallying what they say are important gains.
Inside the halls of economics, the whoops of physicists outside barely stir the air. Economists occasionally gaze out the windows, but are unimpressed by what they see. Is the new physics of finance a fool's errand, as most economists contend, or a rising stock that they will soon be buying into?
No, this is not a late April Fools. See sciencenews.org