Dear Cambridge Philosophers of Science,

Tomorrow (Wednesday), 16 November, the long CamPoS drought ends!  Our 
CamPoS speaker will be Jim Weatherall from the University of California 
Irvine, speaking on ‘What Makes Econophysics Distinctive?’

His abstract is below.

Sincerely,
Brian Pitts

Abstract:

"There is a long history of ideas (and people) moving from fields such 
as physics and mathematics into finance.  In the past, the ideas and 
methods of physicists have been rapidly integrated into economic 
thought.  Beginning around 1990, however, a new movement of physicists 
attempting to apply methods from statistical physics to economic 
problems began.  Strangely, this time the ideas from physics have not 
been widely adopted or integrated into mainstream economics.  Instead, a 
new, largely autonomous field of "econophysics" has appeared, in which 
people trained mostly in physics or by physicists work on problems of 
economics.  In this talk, I will explore some of the reasons for the 
appearance of this new field.  Ultimately I will argue that what make 
econophysics distinctive -- both from economics, and from past attempts 
to import ideas from physics -- is that econophysicists seem to 
recognize, and attempt to meet, an explanatory demand that economists 
reject, concerning the relationship between models of individual actors 
and market-level and economy-level models."


-- 
J. Brian Pitts
Senior Research Associate
Faculty of Philosophy
University of Cambridge
[email protected]

Ph.D., Philosophy/History & Philosophy of Science, University of Notre 
Dame
Ph.D., Physics, University of Texas at Austin


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