Bose-Einstein Condensation in Financial Systems

Bose-Einstein Condensation in Financial Systems

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 calcul...

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Bibliographic Details
Main Author: K. Staliūnas
Format: Article
Language:English
Published: Vilnius University Press 2005-07-01
Series:Nonlinear Analysis
Subjects:
econophysics
Non-Gaussian distributions
Levy distributions
Bose-Einstein statistics
Online Access:http://www.zurnalai.vu.lt/nonlinear-analysis/article/view/15123
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spelling doaj-b5890896148e4d21ac3bedb41308de1b2020-11-24T21:55:21ZengVilnius University PressNonlinear Analysis1392-51132335-89632005-07-0110310.15388/NA.2005.10.3.15123Bose-Einstein Condensation in Financial SystemsK. Staliūnas0Universitat Politecnica de Catalunya, Spain 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. http://www.zurnalai.vu.lt/nonlinear-analysis/article/view/15123econophysicsNon-Gaussian distributionsLevy distributionsBose-Einstein statistics
collection DOAJ
language English
format Article
sources DOAJ
author K. Staliūnas
spellingShingle K. Staliūnas
Bose-Einstein Condensation in Financial Systems
Nonlinear Analysis
econophysics
Non-Gaussian distributions
Levy distributions
Bose-Einstein statistics
author_facet K. Staliūnas
author_sort K. Staliūnas
title Bose-Einstein Condensation in Financial Systems
title_short Bose-Einstein Condensation in Financial Systems
title_full Bose-Einstein Condensation in Financial Systems
title_fullStr Bose-Einstein Condensation in Financial Systems
title_full_unstemmed Bose-Einstein Condensation in Financial Systems
title_sort bose-einstein condensation in financial systems
publisher Vilnius University Press
series Nonlinear Analysis
issn 1392-5113
2335-8963
publishDate 2005-07-01
description 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.
topic econophysics
Non-Gaussian distributions
Levy distributions
Bose-Einstein statistics
url http://www.zurnalai.vu.lt/nonlinear-analysis/article/view/15123
work_keys_str_mv AT kstaliunas boseeinsteincondensationinfinancialsystems
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