Two-phase phenomenon in financial markets can be described as a herding model. In our research, linear property products, 713 stocks and KOSPI 200 futures, show an out-of-equilibrium phase. Non-linear property financial instruments, KOSPI 200 option, however, have different characteristics...

We study the evolution of probability distribution functions of returns, from the tick data of the Korean treasury bond (KTB) futures and the S$&$P 500 stock index, which can be described by means of the Fokker-Planck equation. We show that the Fokker-Planck equation and the Langevin equation...

We study the dynamical behavior of high-frequency data from the Korean Stock Price Index (KOSPI) using the movement of returns in Korean financial markets. The dynamical behavior for a binarized series of our models is not completely random. The conditional probability is numerically estimated...

We applied graph analysis to both anatomical and functional connectivity in the human brain. Anatomical connectivity was acquired from diffusion tensor imaging data by probabilistic fiber tracking, and functional connectivity was extracted from resting-state functional magnetic resonance imaging...

Stock exchanges have a diversity of so-called business groups and much evidence has been presented by covariance matrix analysis (Laloux et al. (1999) [6], Plerou et al. (2002) [7], Plerou et al. (1999) [8], Mantegna (1999) [9], Utsugi et al. (2004) [21] and Lim et al. (2009) [26]). A...

We study the novel three-species reaction–diffusion processes of scale-free networks that are significantly different from numerical calculations manipulated on regular and small-world lattices. The inverse particle density for the three-species process scales according to the power-law with a...

Two-phase behavior of the Korean treasury bond (KTB) futures in the Korean exchange market is investigated in this study. To show that the two-phase phenomena are due to heavy-tailed behavior of distribution of price returns, actual data from the KTB futures market with shuffled data and a...