Dynamical Explanation for the Emergence of Power Law in a Stock Market Model

@inproceedings{SolomonDepartment1996DynamicalEF,
  title={Dynamical Explanation for the Emergence of Power Law in a Stock Market Model},
  author={Sorin SolomonDepartment},
  year={1996}
}
  • Sorin SolomonDepartment
  • Published 1996
Power laws are found in a wide range of diierent systems: from sand piles to word occurrence frequencies and to the size distribution of cities. The natural emergence of these power laws in so many diierent systems, which has been called self organized criticality, seems rather mysterious and awaits a rigorous explanation. In this letter we study the stationary regime of a previously introduced dynamical microscopic model of the stock market. We nd scaling in the economic parameters of the… CONTINUE READING
Highly Cited
This paper has 33 citations. REVIEW CITATIONS

From This Paper

Topics from this paper.
23 Citations
9 References
Similar Papers

References

Publications referenced by this paper.
Showing 1-9 of 9 references

International Journal of High Speed Computing

  • M. Levy, N. Persky, S. Solomon
  • to appear
  • 1996
Highly Influential
8 Excerpts

J

  • M. Levy, H. Levy, S. Solomon
  • Phys.,5, 1087
  • 1995
Highly Influential
9 Excerpts

Journal de Physique I

  • D. Sornette, A. Johansen, I. Dormic
  • 5, 325 (1995), and D. Sornette, A. Johansen und…
  • 1996
1 Excerpt

Nature

  • R. N. Mantegna, H. E. Stanley
  • 376, 46
  • 1995

International School For Advanced Studies Preprint

  • M. Marsili
  • 1994
1 Excerpt

Physics Letters

  • P. Bak, K. Chen, C. Tang
  • 147, 297
  • 1990
1 Excerpt

Physica D

  • P. Bak, C. Tang
  • 38, 5
  • 1989
1 Excerpt

Physical Review A

  • P. Bak, C. Tang, K. Wiesenfeld
  • 1, 364
  • 1988
1 Excerpt

Similar Papers

Loading similar papers…