Cruz, João P. da; Lind, Pedro G. - In: Physica A: Statistical Mechanics and its Applications 391 (2012) 4, pp. 1445-1452
We introduce a minimal agent model to explain the emergence of heavy-tailed return distributions as a result of self-organized criticality. The model assumes that agents trade their economic outputs with each other composing a complex network of agents and connections. Further, the incoming...