Definition ∞ The Standard Model refers to the established theoretical framework that describes the fundamental particles and forces of nature, excluding gravity. It provides a comprehensive account of the electromagnetic, weak nuclear, and strong nuclear interactions, detailing the behavior of quarks, leptons, and bosons. This model serves as a foundational basis for particle physics research.
Context ∞ While primarily a concept in theoretical physics, discussions around the “standard model” in a broader technical or economic context often refer to established, widely accepted frameworks or methodologies within a given field. In finance or technology, it might denote conventional approaches to risk management, algorithmic design, or market structure. Any deviation from this established norm is typically viewed as an innovation or a departure requiring rigorous justification and scrutiny.
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