Economics and econophysics in the era of Big Data

• Main Author: Cheong, Siew Ann
• Other Authors: School of Physical and Mathematical Sciences
• Format: Article
• Language: English
• Published: 2017
• Subjects: Economics; Big data
• Online Access: https://hdl.handle.net/10356/83348; http://hdl.handle.net/10220/42535
• Institution: Nanyang Technological University

There is an undeniable disconnect between theory-heavy economics and the real world, and some cross polination of ideas with econophysics, which is more balanced between data and models, might help economics along the way to become a truly scientific enterprise. With the coming of the era of Big Dat...