International financial markets play an increasingly important role. There can be no doubt that over the past twenty years the size of financial markets have gr

International financial markets play an increasingly important role. There can be no doubt that over the past twenty years the size of financial markets have gr

This textbook describes parallels between statistical physics and finance - both those established in the 100-year-long interaction between these disciplines, a

The drift burst hypothesis postulates the existence of short-lived locally explosive trends in the price paths of financial assets. The recent US equity and tre

This book reconciles the existence of technical trading with the Efficient Market Hypothesis. By analyzing a well-known agent-based model, the Santa Fe Institut