http://dspace.iimk.ac.in:80/xmlui/handle/2259/809 2026-05-12T13:15:27Z http://dspace.iimk.ac.in:80/xmlui/handle/2259/877 1. Editorial Kausik Gangopadhyay; Kousik Guhathakurta While economics is a study of social system, physics is a science devoted to unraveling the mysteries of Nature. Econophysics, as the name suggests, is a new science which attempts a marriage of these apparently odd partners. Granted that among the social sciences, economics is definitely the closest relative of natural sciences. Volumes of advanced mathematical literature that dominates the academic world of economics resemble to the fact that sophisticated quantitative techniques form the foundation of most academic work in economics. Nevertheless, until recently, the body of economic literature, in spite of being highly mathematical in its orientation, did not develop its major analytical tools à la physics. IIM Kozhikode Society & Management Review 2(2) vii-viii© 2013 Indian Institute of Management Kozhikode 2013-07-01T00:00:00Z http://dspace.iimk.ac.in:80/xmlui/handle/2259/876 2. Interview with Eugene H. Stanley Kausik Gangopadhyay Dr Eugene H. Stanley (1941–) is one of the most influenc-ing figures in the discipline of Econophysics. He was born in Oklahoma City, US, and was awarded the PhD in physics at Harvard University.1 In 1976 he joined Boston University as Professor of Physics, and was promoted to Professor of Physiology and University Professor, in 1978 and 1979, respectively. In 2007 he was offered joint appointments with the Chemistry and Biomedical Engineering Departments, and in 2011 he was made William Fairfield Warren Distinguished Professor. IIM Kozhikode Society & Management Review 2(2) 73–78 © 2013 Indian Institute of Management Kozhikode 2013-07-01T00:00:00Z http://dspace.iimk.ac.in:80/xmlui/handle/2259/875 3. Econophysics: An Experimental Course for Advanced Undergraduates in the Nanyang Technological University Siew Ann Cheong In this article, I have described an experimental econophysics course for advanced undergraduates in the Nanyang Technological University (NTU) in Singapore. This course was offered for the first time in Semester II (January–April 2013) of the 2012/2013 academic year, and is a student-led participatory learning experiment aimed at developing an open-source textbook on econophysics. The course covered an introduction to the history of econophysics, a review of probability and statistics, statistical properties of single high-frequency financial time series, correlations within a high-frequency financial time series cross section, and agent-based models of financial markets. In spite of the heavier workload resulting from the experimental course format, feedbacks from the nine students taking the course were highly positive, and an improved version of the econophysics course will be offered again in the first half of 2014. IIM Kozhikode Society & Management Review 2(2) 79–99© 2013 Indian Institute of Management Kozhikode 2013-07-01T00:00:00Z http://dspace.iimk.ac.in:80/xmlui/handle/2259/873 4. Econophysics: Comments on a Few Applications, Successes, Methods and Models Marcel Ausloos For this special issue, the article aims at discussing a few econophysics problems studied so far rather successfully. The following ‘applications’ in micro-econophysics are considered: (i) financial crashes; it is emphasized that one can distinguish between endogenous and exogenous causes; (ii) portofolio control, selection and inherent risk measure; (iii) foreign currency exchanges, also distinguishing endogenous and exogenous money control; (iv) price and asset evolution values. It is shown that some macro-econo-physics problems have been also tackled, like geographic/ political constraints, the globalization of the economy and country clustering. Moreover, it is daring to suggest prospect for studies and researches, whence presenting some selection of a few interesting perspectives. IIM Kozhikode Society & Management Review 2(2) 101–115 © 2013 Indian Institute of Management Kozhikode 2013-07-01T00:00:00Z