BOOMS AND CRASHES IN SELF-SIMILAR MARKETS

Authors
GLUZMAN S YUKALOV VI
Citation
S. Gluzman et Vi. Yukalov, BOOMS AND CRASHES IN SELF-SIMILAR MARKETS, Modern physics letters B, 12(14-15), 1998, pp. 575-587
Citations number
20
Categorie Soggetti
Physics, Applied","Physics, Condensed Matter","Physycs, Mathematical
Journal title
Modern physics letters B → ACNP
ISSN journal
02179849
Volume
12
Issue
14-15
Year of publication
1998
Pages
575 - 587
Database
ISI
SICI code
0217-9849(1998)12:14-15<575:BACISM>2.0.ZU;2-X
Abstract
Sharp changes in time series representing market dynamics are studied by means of the self-similar analysis suggested earlier by the authors . These sharp changes are market booms and crashes. Such crises phenom ena in markets are analogous to critical phenomena in physics. A simpl e classification of the market crisis phenomena is given.