H. Poincaré (1854-1912). Physicien et H. A. Lorentz (1853-1928). La naissance de la physique moderne

Petitgirard, Loïc

doi:10.4000/histoire-cnrs.475

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Herding Market Model1

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2009

2023

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Cited by 2 publications

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“…In particular, the members of a society are strongly subject to the so-called herding effect. As Poincaré [178] has written, "Individuals who are close to each other, as they are in a market, do not take independent decisions − they watch each other and herd." The herd instinct acts similarly to feedback field in nonlinear systems, which in a financial market can lead to strong fluctuations [179][180][181] and even can trigger business cycles [182][183][184].…”

Section: Herding Market Modelmentioning

confidence: 99%

Selected Topics of Social Physics: Nonequilibrium Systems

Yukalov

2023

Physics

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This paper is devoted to nonequilibrium systems in the physics approach to social systems. Equilibrium systems have been considered in the recenly published first part of the review. The style of the paper combines the features of a tutorial and a review, which, from one side, makes it simpler to read for nonspecialists aiming at grasping the basics of social physics, and from the other side, describes several rather recent original models containing new ideas that could be of interest to experienced researchers in the field.

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