An agent-based computational model of Long House Valley, in northern Arizona near Monument Valley, is described and demontrated. The model, that runs from about AD 400 to 1400, consists of artificial adaptive agents (households) who inhabit a digitized version of the Long House Valley landscape....

In financial markets an excess of buying tends to drive prices up, and an excess of selling tends to drive them down. This is called market impact. Based on a simplified model for market making, it is possible to derive a unique functional form for market impact. This can be used to formulate a...

Physicists have recently begun doing research in finance, and even though this movement is less than five years old, interesting and useful contributions have already emerged. This article reviews these developments in four areas, including empirical statistical properties of prices,...