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Bose-Einstein Condensation in Financial Systems

Authors :
K. Staliƫnas
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