Stochastic theory of log-periodic patterns

Authors
Citation
E. Canessa, Stochastic theory of log-periodic patterns, J PHYS A, 33(50), 2000, pp. 9131-9140
Citations number
32
Categorie Soggetti
Physics
Journal title
JOURNAL OF PHYSICS A-MATHEMATICAL AND GENERAL
ISSN journal
03054470 → ACNP
Volume
33
Issue
50
Year of publication
2000
Pages
9131 - 9140
Database
ISI
SICI code
0305-4470(200012)33:50<9131:STOLP>2.0.ZU;2-S
Abstract
We introduce an analytical model based on birth-death clustering processes to help in understanding the empirical log-periodic corrections to power la w scaling and the finite-time singularity as reported in several domains in cluding rupture, earthquakes, world population and financial systems. In ou r stochastic theory log-periodicities are a consequence of transient cluste rs induced by an entropy-like term that may reflect the amount of co-operat ive information carried by the state of a large system of different species . The clustering completion rates for the system are assumed to be given by a simple linear death process. The singularity at to is derived in terms o f birth-death clustering coefficients.