Jiang, Zhi-Qiang; Zhou, Wei-Xing; Sornette, Didier; … - In: Journal of Economic Behavior & Organization 74 (2010) 3, pp. 149-162
By combining (i) the economic theory of rational expectation bubbles, (ii) behavioral finance on imitation and herding of investors and traders and (iii) the mathematical and statistical physics of bifurcations and phase transitions, the log-periodic power law (LPPL) model has been developed as...