FINANCIAL "ANTI-BUBBLES": LOG-PERIODICITY IN GOLD AND NIKKEI COLLAPSES
نویسندگان
چکیده
منابع مشابه
Financial “Anti-Bubbles”: Log-Periodicity in Gold and Nikkei collapses
We propose that imitation between traders and their herding behaviour not only lead to speculative bubbles with accelerating over-valuations of financial markets possibly followed by crashes, but also to “anti-bubbles” with decelerating market devaluations following all-time highs. For this, we propose a simple market dynamics model in which the demand decreases slowly with barriers that progre...
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ژورنال
عنوان ژورنال: International Journal of Modern Physics C
سال: 1999
ISSN: 0129-1831,1793-6586
DOI: 10.1142/s0129183199000437