Econophysics is not a very well
known interdisciplinary field of research in Lithuania. There are very
few Lithuania based scientists who are related to this very young and
rapidly developing branch of Physics. Therefore we, being ones of the
few, feel an obligation to introduce Econophysics to the other
scientists, businessmen and the whole broader society. In this text we
will discuss the basic ideas, current trends and the most common
problems relevant to the field of Econophysics.
The name of Econophysics implies the application of physics, mostly the
methods taken from Statistical Physics, to the Economics. Though until
recently most of the econophysicists used to focus on the financial
markets. Currently the field is expanding very rapidly and now concerns
something more than just regular Economics or Finance - many physicists
now attempt to tackle problems in the other social sciences. For these
broader approaches there are other overlapping terms including
Sociophysics, Physics of Risk, Physics of Socio-Economic Systems and
other.
At this point we would like to stop the discussion on the use of the
terminology. Recall that the aim of this text is somewhat different from
that. We aim to familiarize you with the
Econophysics!