Editorial: Languages as Adaptive Systems

Iranian Languages as Gardens

Editorial: Behavior and Mind as a Complex Adaptive System on Behalf Of: International Society of Adaptive Behavior Editorial: Behavior and Mind as a Complex Adaptive System

Editorial: Behavior and Mind as a Complex Adaptive System

iranian languages as gardens

Financial markets as adaptive systems

– We show, by studying in detail the market prices of options on liquid markets, that the market has empirically corrected the simple, but inadequate Black-Scholes formula to account for two important statistical features of asset fluctuations: “fat tails” and correlations in the scale of fluctuations. These aspects, although not included in the pricing models, are very precisely reflected in t...