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Scale-free avalanches in the multifractal random walk

✍ Scribed by M. Bartolozzi


Book ID
111622269
Publisher
Springer
Year
2007
Tongue
English
Weight
348 KB
Volume
57
Category
Article
ISSN
1434-6036

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Scale-free avalanche dynamics in the sto
✍ M. Bartolozzi; D.B. Leinweber; A.W. Thomas πŸ“‚ Article πŸ“… 2006 πŸ› Elsevier Science 🌐 English βš– 212 KB

Self-organized criticality (SOC) has been claimed to play an important role in many natural and social systems. In the present work we empirically investigate the relevance of this theory to stock-market dynamics. Avalanches in stock-market indices are identified using a multi-scale wavelet-filterin