Predicting stock exchange developments?
Since the mid-1990s a team of ULg researchers has applied a mathematical model to certain financial phenomena. This model has the special feature of integrating notions of chaos and unpredictability into a determinist system. Professors Jacques Bair and Gentiane Haesbroeck have jointly written a publication offering an overall synopsis of this research (1).
Between the linearity of models and the chaos of life
In the middle of the 1990s scientists from different countries were looking to develop determinist models which could be applied to the chaotic world of finance. At the University of Liège one research group was built around Professor Jacques Bair: it took a very close interest in the subject and was one of the first to transmit this new mode of thinking into francophone Belgium. ‘With Professor Crama we created the GEMME (Groupe d’Etude des Mathématiques, du Management et de l’Economie). We were supported by many fledgling researchers, at the time, and were very active on the question of the integration of mathematics in the world of the economy, and we published a whole series of articles, notably with Professor Haesbroeck.’
(1) Bair J, Haesbroeck G., Modèles chaotiques en économie, Tangent sup., Prévoir pour décider, POLE, 2012.