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High-frequency financial data are characterized by a set of ubiquitous statistical properties that prevail with surprising uniformity. While these 'stylized facts' have been well-known for decades, attempts at their behavioral explanation have remained scarce. However, recently a new branch of...
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This paper aims at analyzing the unexpected influence of Financial economics on Physics. The rise of Econophysics, a … past. Methodological debates emerging in Econophysics led physicists to acknowledge that dealing with financial complex … investigates and illustrates what are the methodological changes generated by Econophysics that explain this new influence of …
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Econophysics applies the techniques of physics and nonlinear dynamics to complex economic problems. This essay invokes … econophysics in order to introduce a theoretical model that aspires to encompass all essential features of real financial markets …. It summarizes the central argument of my book, Econophysics and Capital Asset Pricing: Splitting the Atom of Systematic …
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