One year running

A year has passed since the opening of the renew Physics of Risk website. This year was highly productive for us, the contributors. We have published 7 new econophysical, 1 fractal + 3 stochastic + 3 agent-based, models and 18 models of varying business processes. Some of the models belonging to these two groups are very similar (we have found that most similar are Bass diffusion model and Unidirectional Kirman's model) thus serving as a proof for the potential applicability of the ideas developed in the econophysical sections. Sadly none of the business models are currently translated to English, though all econophysical models are available in English and Lithuanian languages as we have promised. This is due to different aims behind the sections - econophysical models represent scientific research done by the contributors, while business models were published as an introduction to computer modeling aimed at Lithuanian businessmen.

This year is also marked by numbers related to you, visitors of Physics of Risk. Sadly there we have not received any comments yet, though most probably it's due to very specified and technical field Physics of Risk website specializes in. But during this year we had more than 3500 unique visitors and over 13 thousand page hits. That is approximately 10 users per day, each you of hitting a bit more than 3 pages on average.

Physics of Risk had most visits during the exam sessions in Lithuanian universities (during January and June) and also during first and last months of our first year running (during October, 2011 and November, 2010). Our typical visitor uses Windows operating system and Mozilla Firefox, as most probably an average Lithuanian internet user does. He is interested in fractals, dynamical chaos, computer modeling and physics. He also chooses Google as his main tool for doing internet searches. Though most visitors have come to Physics of Risk through the main webpage of Science for business and society, Personal webpages of some of the contributors ( and have also directed some of you to this website.

Ising model was the most well received model on our website. Some of its graphs were reused on Cocktail Party Physics blog (available here and bei here). While Long-range memory stochastic model of return came in close second. The most read news was written on the presentation during ICCGI 2011 conference. Actually the presentation itself was also well received - author of the underlying paper were awarded "IARIA Best Paper Award".

Concluding we would like to ensure that our research is nowhere near completion and thus publication of new models most probably won't cease. It is highly probable that sometime in the near future we will participate in another project which will encourage us to further develop Physics of Risk website. Some texts or models will be also published without waiting for the next project to come along. We think that public availability of scientific research is becoming more and more important in the XXI century, hopefully this will drive us towards new texts on Physics of Risk!