Predicting economic crises with 'econophysics'

Do physicists have better tools than economists or financial experts for predicting economic crises? Mainstream economists largely failed to forecast the sub-prime mortgage bubble, the ensuing financial crisis, and its global impact on world economy, which has now even challenged Europe's economic, political and social systems. A handful of physicists working on economic problems -- in the small but rapidly growing field of "econophysics" -- have done better.

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