What's fair?: New theory on income inequality

The increasing inequality in income and wealth in recent years, together with excessive pay packages of CEOs in the U.S. and abroad, is of growing concern, especially to policy makers. Income inequality was identified as ...

Quantum mechanics model unveils hidden patterns in stock markets

A new study published in Financial Innovation has developed a novel quantum model for stock market fluctuations that incorporates economic uncertainty and herding behavior. The study aims to provide a deeper understanding ...

'Econophysics' points way to fair salaries in free market

A Purdue University researcher has used "econophysics" to show that under ideal circumstances free markets promote fair salaries for workers and do not support CEO compensation practices common today.

Getting the most out of fractional models

Machines make our lives easier in many ways. Whether it's a smart thermostat that learns when to turn the heat on or automatic brakes, machines traffic in the language of classical calculus. Classical calculus is good enough ...

Experts say cap and trade not enough

A team of researchers at Carnegie Mellon University report in a new policy brief that cap and trade climate policies alone will not be sufficient to put the nation on track to achieve a 50 to 80 percent reduction in greenhouse ...

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