KRZESINSKI, ANTHONY E.; COSTA, ANDRE; RAMAKRISHNAN, MAYA; … - In: International Journal of Theoretical and Applied … 10 (2007) 01, pp. 89-93
A recent study linked the behavior of buying and selling in financial markets to the phenomenon of phase transitions that occur in physical systems with many interacting components. We urge caution with such findings. In particular, we show that the statistical technique employed in the study...