The summer of 2013 will be a very interesting one for us. In June we will participate in four conferences, in Lithuania and abroad, and present five reports (4 talks and 1 poster) on the most recent research done by us. During July and August we will have two students-trainees, who will participate in the project “Promotion of Student Scientific Activities” from the Research Council of Lithuania. The training will be held on the topics of “Economic convergence as thermodynamic appreciation of real currency exchange rate” (supervisor dr. (HP) Vygintas Gontis; student-trainee Kęstutis Acus) and “Controling complex stochastic systems” (supervisor Aleksejus Kononovičius; student-trainee Ignas Kazakevičius). Continue reading “Lots of activities during the summer of 2013″ »
In the last year we have already written that work in the context of Physics of Risk provides varying insights into very different complex systems. The previous article  contained brief review of Physics of Risk platform and discussions on some of the models published using it. This article received great response and was even awarded the Best Paper Award by the publisher IARIA. Continue reading “IARIA publication reviewing our different research directions” »
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”” »
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  we have used one-step formalism  to obtain macroscopic treatments of Kirman model .
Bass diffusion model  is widely known and very important model in marketing science. This model predicts diffusion, sales, of new successful products inside the market. While previously discussed model, Kirman model , has wide range of possible applications – from biology to finance. In  it is noted that behavior observed by entomologists is similar to one observed in economic scenarios (ex. popularity of books and restaurants). Thus one might expect that Kirman’s model might be modified to work in the marketing scenario. Continue reading “Unidirectional Kirman’s model” »