Ormerod, Paul - Institut für Weltwirtschaft (IfW) - 2008
matrix may be dominated by noise rather than by true information. Random matrix theory was developed in physics to overcome … in the analysis of financial data. Using a very similar data set to Bordo and Helbing, I use random matrix theory, and … growth are indistinguishable from those which could be generated by a purely random matrix. Contrary to the findings of Bordo …