An analysis of the stylized facts in financial time series is carried out. We find that, instead of the heavy tails in asset return distributions, the slow decay behaviour in autocorrelation functions of absolute returns is actually directly related to the degree of clustering of large fluctuations within the financial time series. We also introduce an index to quantitatively measure the cluste...

The financial market is nonpredictable, as according to the Bachelier, the mathematical expectation of the speculator is zero. Nevertheless, we observe in the price fluctuations the two distinct scales, short and long time. Behaviour of a market in long terms, such as year intervals, is different from that in short terms. A diffusion equation with a time dependent diffusion coefficient that des...

Many agent-based models of financial markets have been able to reproduce certain stylized facts that are observed in actual empirical time series data by using “zero-intelligence” agents whose behaviour is largely random in order to ascertain whether certain phenomena arise from market microstructure as opposed to strategic behaviour. Although these models have been highly successful, it is not...

Many agent-based models of financial markets have been able to reproduce certain stylized facts that are observed in actual empirical time series data by using “zero-intelligence” agents whose behaviour is largely random in order to ascertain whether certain phenomena arise from market microstructure as opposed to strategic behaviour. Although these models have been highly successful, it is not...

Women are important segment of society who actively take part in each and every activity from house core work to fulfilling their professional responsibilities. As the transformed traditional modern women become more empowered able own financial decisions but Personal management behaviour is still low as compared men. An attempt has been made this paper study personal Punjab. The factors like a...

Research in economics is increasingly open to empirical results. The advances in behavioural approaches are expanded here by applying cognitive methods to financial questions. The field of “cognitive finance” is approached by the exploration of decision strategies in the financial settings of spending, saving, and investing. Individual strategies in these different domains are searched for and ...