Introduction
This website contains information on the large variety of physical concepts that have been used in finance. We describe what has been used in the past, what is being used now and what the future of physics in finance looks like. There are six main sections in this website. The first being an overview of the key events in history that have greatly contributed to the development of this field. The second section, social physics, gives details of using the Ising model for ferromagnetism to model the behaviour of traders. This is done to understand who is buying and selling in order to predict market trends. The next three sections outline three main areas of physics that have been applied to the financial sector: brownian motion, thermoeconomics and quantum mechanics in finance. All of these sections outline the history of the physical concepts, their application to finance and the limitations that have arisen from the practical application of these ideas. Finally, we look into the future of finance and the physical concepts that will most likely be used in the further development of physics in finance.
About Us
This section briefly outlines the authors of this website and our individual sections we have all mainly researched.
Jake Wilkes
Hi, I am a second year undergraduate physics student at Durham University. I have mainly researched the Brownian Motion section as it is a main interest of mine. I have also contributed to the thermoeconomics section of this website.
James Penston
Hello, I’m James, and also a second year undergrad at Durham University. Upon initial investigation I was very interested in learning more about how to apply the laws of physics to human behaviour and so worked on the social physics section of the project. I also dived into the wider history of the role of physics in finance .
Sam Jones
Hi, I am Sam and I chose to dive into thermoeconomics because I was interested not only in the topic, but also as I wanted to brush up on my thermodynamics. I enjoy programming (python) and was glad to be able to apply it to creating some economical models for this project.
James Lundie
My name is James Lundie and I am a second year Physics student at Durham University. I have a particular interest in Quantum mechanics and as such, I have covered the section on ‘Quantum mechanics in Finance’ and ‘The Future of Physics in Finance’.
The Evolution of Physics in Finance
Completed by: Jake Wilkes, James Penston, Sam Jones and James Lundie.
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