It appears that socio-economical regularities may be understood not only by using physical or mathematical intuition or even by using the ideas from social sciences. It appears that even philologists may have something to say about our socio-economical. For example the tendency to willingness to save money for the future may be dependent on if our mother-tongue is futureless or not (do we say "It rain tomorrow" or "It will rain tomorrow"? e.g., German may be seen as a futureless language, while Lithuanian and English have strongly differing future tense). Below you will find two videos - one made by eBay Deals, which provides a broad outlook, and another recorded by TED, in which K. Chen presents his research, - which present this kind of research in more detail.

In this talk, published on ted.com website, Philip Evans discusses the current developments of contemporary business models and gives some insights into how the Big data will influence the future business.

It appears that our "Baltic sister" Estonia also has some econophycists. The main area of research of the Estonian econophysicists are the kinetic exchange models, while there are also some works related to the multifractility of the time series. From a pedagogical point of view the situation is similar to what we have in Lithuania - there is no formal education, but some seminars are red. Feel free to deeper familiarize yourself with econophysics in Estonia by reading an article by M. Patriarca et al. [1].

References

• M. Patriarca, E. Heinsalu, R. Kitt, J. Kalda. Econophysics studies in Estonia. Science and Culture 76: 374-379 (2010). arXiv: 1006.3708 [q-fin.GN].

People are exceptionally rational, no other species are able to complete the tasks people are able to. But the people are also appear to be unique in a sense that they tend to make mistakes. Same silly mistakes over and over again. Is this error-proness a consequence of the rationality? Would presumably less rational beings do the same mistakes? Laurie Santos (and her team) have conducted a series of experiments on the capuchin monkeys and have seen how the irrationality is also present in the monkey economics or "monkeynomics" for short. We invite you to listen her talk.

This talk was given at TED event and is available on ted.com.

It appears that computational history can be very realistic and scientifically plausible field of research. It somewhat reminds the legendary Civilization computer game, but explains what actually may contributed to the formation of the human societies. The essence of the Civilization game is a very simple one - the players must lead their civilizations to become a grand futuristic empire. As reported in the article linked below, the main result of the research is that the military technology and warfare is mostly responsible for the formation of the organized human societies. The first people faced a tough challenge - if they were not organized, they were simple wiped off.

In order to familiarize yourself more with the research done by Peter Turchin please visit the newscientist.com portal - see the "Real-world Civilisation game shows impact of war" article (by Hal Hodson).