Booms and Crashes in Self-Similar Markets
arXiv:cond-mat/9810092 · doi:10.1142/S0217984998000688
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 phenomena in markets are analogous to critical phenomena in physics. A simple classification of the market crisis phenomena is given.
1 file, 10 pages, RevTex