Approximation probabilities, the law of quasistable markets, and phase transitions from the "condensed" state
V. P. Maslov
Abstract
For common people, in contrast to brokers, bankers, and those who play on rising and falling prices of stocks, the stock market law is based on the simple fact that the depositors aim for financial profit at any given concrete stage. The common depositor cannot cause any significant variations in prices. This concept suggests an analogy with the quasistable physics, i.e., thermodynamics, in the situation in which the temperature varies slowly along with the external conditions. Therefore, in the quasistable market, we can see phase transitions similar to those in the situation of the Bose-condesate in thermodynamics. We stress the positive role of information for common depositors and the possibility of changing bonds of large denomination into bonds of small denomination.
Create a lesson
Related papers
Weak universality of global dynamics for the fractional hyperbolic Φ43-model
Ruoyuan Liu
Last-Coverage Probabilities of Random Walks on Cycle Graphs for Symmetric, Biased, and Time-Dependent Walks
Kiyan Idnani, Jad Salem
Killing random motions with finite velocity
Enzo Orsingher, Manfred Marvin Marchione
An Exact Hausdorff Measure as Natural Length for SLE
Dapeng Zhan
Non-uniqueness for McKean--Vlasov SDEs with Hölder diffusion coefficients
Martin Bergerhausen, Paul Nikolaev, David J. Prömel
DisCo Algebra: Why Disintegration and Combination Are Not Inverses
Xuexing Lu