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Bose-Einstein Condensation in Financial Systems
- Source :
- Nonlinear Analysis, Vol 10, Iss 3 (2005)
- Publication Year :
- 2005
- Publisher :
- Vilnius University Press, 2005.
-
Abstract
- We describe financial systems as condensates, similar to Bose-Einstein condensates, and calculate equilibrium statistical distributions following from the model. The calculated distribution of investments into speculated financial asset is exponentially truncated Pareto distribution, and the calculated distribution of the price moves is exponentially truncated Levy distribution. The calculated from the model distributions correspond well to the empirically observed distributions.
Details
- Language :
- English
- ISSN :
- 13925113 and 23358963
- Volume :
- 10
- Issue :
- 3
- Database :
- Directory of Open Access Journals
- Journal :
- Nonlinear Analysis
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.b5890896148e4d21ac3bedb41308de1b
- Document Type :
- article
- Full Text :
- https://doi.org/10.15388/NA.2005.10.3.15123