Observation of Two Types of Behaviors of Financial Bubbles and the Related Higher-Order Potential Forces(Financial and Consumer Markets,Econophysics-Physical Approach to Social and Economic Phenomena-)

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Author(s)

Abstract

Market prices are known to be well described by the random walk model in a time-dependent potential force whose center is given by the trace of the random walker [Physica A 370 (2006), 91]. We analytically show that the higher-order potential force determines the dynamic price behaviors of the single-exponential growth and the double exponential growth. We confirm the existence of such price behaviors in real financial data and we observe the higher-order potential forces in some periods.

Journal

  • Progress of theoretical physics. Supplement = Progress of theoretical physics. Supplement

    Progress of theoretical physics. Supplement = Progress of theoretical physics. Supplement 179, 8-16, 2009-05-22

    Published for the Yukawa Institute for Theoretical Physics and the Physical Society of Japan

References:  21

Codes

  • NII Article ID (NAID)
    110007225738
  • NII NACSIS-CAT ID (NCID)
    AA00791466
  • Text Lang
    ENG
  • Article Type
    Journal Article
  • ISSN
    03759687
  • NDL Article ID
    10225408
  • NDL Source Classification
    ZM35(科学技術--物理学)
  • NDL Call No.
    Z53-A468
  • Data Source
    CJP  NDL  NII-ELS  IR 
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