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Last modyfication 27.10.2003

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Applications of Physics in Financial Analysis 4

13 TO 15 November 2003, Warsaw University of Technology, Warsaw, POLAND

The Opening Lecture will be presented by Ryszard Kokoszczyński 
in the name of Leszek Balcerowicz, President of the National Bank of Poland.

Invited Speakers:

Robert Axtell (USA)  
Damian Challet (UK)
Rama Cont (France)
Krzysztof Jajuga (Poland)
Jerzy Jurkiewicz (Poland)
Sheri Markose (UK)

Keynote Speakers:

Marcel Ausloos (Belgium)
Janusz Hołyst (Poland)
Thomas Lux (Germany)
Peter Richmond (Ireland)
Sorin Solomon (Israel) 
Gene Stanley (USA) 
Hideki Takayasu (Japan) 

Because of a large interest in the APFA4 Conference we encourage all researchers working in Econophysics as well as market practitioners who plan to attend our meeting to REGISTER as soon as possible at our web site http://www.if.pw.edu.pl/~apfa4/registration.html.

What is Econophysics?

is a new, rapidly developing area of interdisciplinary science that attracts both economists looking for advanced models of economical processes as well as physicists interested in application of physical methods for quantitative market analysis and modeling economic systems. This development is possible due to new universal paradigms  such as random matrix theory,  self-organized criticality, active agents approach, scaling theory, detrended fluctuation analysis, correlation dimensions, conditional entropies or evolving networks that have recently appeared in statistical physics, nonlinear dynamics or physics of complex systems  and are now   widely used in economy and finance. On the other hand the world economy is strongly influenced by new telecommunication techniques and globalization processes that induce complex cooperative behaviour of world markets. As a consequence new models or calculation techniques able to capture the new features need to be developed.  

It is now widely accepted that physicists can effectively collaborate with economists or market specialists. In fact over the last years many physicists found positions in banks and other financial institutions providing support to experts for risk analysis or market dynamics. Recently several Universities have begun to offer special courses in econophysics or combined graduate studies in physics and economy. 

The aim of this Conference is to bring together financial market practitioners and researchers using various concepts of econophysics. Special sessions will be devoted to a general review of econophysics, macroeconomical models, game theory in economy, agents, networks and complex economic models, scaling laws and stochastic processes for economic models, risk analysis, foreign exchange markets, time series analysis for financial markets and teaching of econophysics.

The Conference is a continuation of the series of similar meetings that took place in Dublin (1999), Liege (2000) and London (2001). We hope that the meeting will accelerate the future econophysics  development.


Collaboration:   Support:
Institute of Physics Jagiellonian University