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Economics Mapping to the Renormalization Group Scaling of Stock Markets

E. Canessa
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Abstract

We make an attempt to map a simple economically motivated model for the price evolution [J. Phys. A: Gen. Math 33, 3637 (2000)] to the phenomenological renormalization group scaling of stock markets. This mapping gives insight into the critical exponents and the renormalization group predictions for the log-periodic oscillations preceding some stock market crashes from the perspective of non-linear changes in `the level of stocks'.

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E. Canessa. 2000-08-21. Economics Mapping to the Renormalization Group Scaling of Stock Markets. https://doi.org/10.1007/pl00011113

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