The European Physical Journal Special Topics

, Volume 225, Issue 17, pp 3243–3254

Financial price dynamics and agent-based models as inspired by Benoit Mandelbrot

Regular Article

DOI: 10.1140/epjst/e2016-60123-4

Cite this article as:
LeBaron, B. Eur. Phys. J. Spec. Top. (2016) 225: 3243. doi:10.1140/epjst/e2016-60123-4
Part of the following topical collections:
  1. Discussion and Debate: Can Economics be a Physical Science?

Abstract

This short note draws some connections between Mandelbrot‗s empirical legacy, and the interdisciplinary work that followed in finance. Much of this work is now labeled econophysics, but some has always been more in the realm of economics than physics. In a few areas the overlap is even becoming quite complete as in market microstructure. I will also give some ideas about the various successes and failures in this area, and some directions for the future of agent- based modeling in particular.

Copyright information

© EDP Sciences and Springer 2016

Authors and Affiliations

  1. 1.International Business School, Brandeis UniversityWalthamUSA

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