Tuesday, March 22, 9:30 a.m.
PHYSICS OF ECONOMIC AND SOCIAL NETWORKS
Physicists are developing innovative techniques for analyzing complex economic and social behaviors, several of which will be presented in this press conference. Richard Wiener (B14.00005) of the Research Corporation for Science Advancement in Tucson, Ariz. will describe a simple mathematical model of competition among members of social groups. It predicts, for example, that in many modern secular societies, religions will continue to lose members and be driven toward extinction. Looking at other networks, the time it takes light to travel between stock exchanges in New York and London (and other cities) has become a limiting factor for high-frequency financial trading. Alexander Wissner-Gross (B14.00002) of Harvard University presents a new strategy that partially overcomes this limitation by positioning computers at specific geographic locations worldwide, including in oceans or other sparsely networked regions, to serve as network coordinators. The strategy could also improve Internet access worldwide. Csar Hidalgo (J7.00005) of the Massachusetts Institute of Technology summarizes recent research that describes and explains the evolution of the mix of products that countries produce and export and allows for predicting a country's future industries.He will describe the factors in studying economic complexity and introduce a simple model to account for them.
|Contact: James Riordon|
American Physical Society