Bose-Einstein Condensation in Financial Systems
Articles
K. Staliūnas
Universitat Politecnica de Catalunya, Spain
Published 2005-07-25
https://doi.org/10.15388/NA.2005.10.3.15123
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Keywords

econophysics
Non-Gaussian distributions
Levy distributions
Bose-Einstein statistics

How to Cite

Staliūnas, K. (2005) “Bose-Einstein Condensation in Financial Systems”, Nonlinear Analysis: Modelling and Control, 10(3), pp. 247–256. doi:10.15388/NA.2005.10.3.15123.

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.

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