Palacios Lab

Paris Lodron University of Salzburg

Westösterreich (AT3) · Austria

ERC-funded
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ERC Starting Grant · 2025

From Spins to Birds to Traders: Model Adaptation in the Study of Critical Behavior

Is there a common ground between the behavior of a flock of starlings and the polarization of opinions within human communities? Can we represent traders in a financial market just like spins in a magnet? For years, scientists have conjectured that a certain type of collective behavior ubiquitous in nature adhere to common principles, which can be captured by the physics of criticality. Originally, this idea was largely speculative, but the last three decades have witnessed an increase in the number of concrete approaches to biological and socioeconomic modelling inspired by the physics of criticality. Although plenty of resources are currently spent with the hope that physics can help us…

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