EURO 2012 starts next week in Vilnius! EURO 2012, European Conference on Operational Research, is huge scientific event popular both among scientists and businessmen. Operational research tackles very challenging, and thus scientifically interesting, and highly applicable topics. Some of these topics overlap with the ones we discuss here on Physics of Risk – financial market modelling, risk management and analysis, decision making. Many reports will also consider logistics, optimization and network analysis.
On of our authors will join numerous scientists from Lithuania and abroad giving talks in the conference. On Monday, the 9th of July, he will give a talk on “Herding behavior of agents as a background of financial fluctuations”, Our works on the applications of Kirman model will be the key point of the talk.
Read more on the conference website: euro-2012.lt.
In February and Match three very important conference to the econophysicists were held: “Unsolved Problems on Noise”, “Verhandlungen DPG” and “Open Readings” (lt. “Laisvieji skaitymai”). Our B. Kaulakys, V. Gontis, A. Kononovičius, P. Purlys and R. Kazakevičius have given oral and poster presentations at these conference. Presentations were mostly concerned with our newest achievements in the applications of Kirman model and burst statistics. Continue reading “February and March active time for econophysicists” »
Last week, on 26th and 27th of January, Lithuanian Society of Young Researchers held a conference “Interdisciplinarity: How to Make it Work”. During the conference presenters, which included both scientists and officers of varying institutions, from all over the world and Lithuania have shared with the attendees their success stories and provided ideological grounds for the discussions on the interdisciplinarity.
For me the most important part was the aforementioned ideological background. Working in the context of Physics of Risk it is important for us to see where do we actually stand. Are we still in physics or maybe we have moved to the other domains (ex. economics, financial mathematics or maybe even into the brand new independent field econophysics?). So in this text I will attempt to share and develop some interesting thoughts heard during the conference. Continue reading “Aleksejus Kononovicius: Impresions from the Interdisciplinarity conference” »
Slides from the closure conference were made available at mokslasplius.lt portal’s science news website. Though note that slides are only available in Lithuanian (see here). We would like to remind you that Physics of Risk was represented by V. Gontis and V. Daniūnas, thus their slides might be the most useful for visitors of Physics of Risk website.
On the 25th of October, 2011 conference dedicated to the project Science for business and society will be held at hall in the Vilnius University, Institute of Theoretical Physics and Astronomy (A. Goštauto g. 12 – 432, Vilnius). This conference will mark ending of the currently ongoing project behind the Physics of Risk website. Main focus of this conference will be presentation of achieved results and discussion between business and scientists. Continue reading “Conference “Science for business and society”” »
We have contributed two presentations towards the recent 39th Lithuanian National Physics Conference, which was organized by Vilnius University and Lithuanian Physicist Society. Oral presentation by A. Kononovicius was based on some of the models presented on Physics of Risk website, while poster presentation by R. Kazakevičius tackles very general problem related to the Physics of Risk. Continue reading “Presentations at 39th Lithuanian national physics conference” »
Working on Physics of Risk is very interesting and useful experience. This experience provides valuable insights into the mechanics behind various complex systems, well modeled by macroscopic models. Using our experience we are able to obtain qualitative and quantitative agreements between varying models. In our newest publication 1 we have used one-step formalism 2 to obtain macroscopic treatments of Kirman model 3.
Continue reading “Agent-based versus macroscopic modeling of competition and business processes in economics” »