The role of physicists in finance is changing, as quantitative trading opens an exciting alternative to traditional financial modelling, and data science lures would-be 'quants' away. But the void is ...

In 2006, economists at the Federal Reserve Bank of New York started to worry about the overheating US housing market. Concerned that the bubble might burst, they used their best model to predict what ...

Eric Beinhocker is the Executive Director of the Institute for New Economic Thinking at the Oxford Martin School, University of Oxford. W. Brian Arthur is External Professor at Santa Fe Institute.