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.
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?
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.
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