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'The bumpy road to criticality' |
Zbigniew R. Struzik |
The University of Tokyo, Bunkyo-ku, Tokyo 113-8655, Japan |
Abstract |
Critical slowing down characterises an approaching catastrophic bifurcation in a variety of complex systems, including financial systems. Increased correlations, increased variance and skewness are among the characteristics of this critical slowing down. However, in some systems an additional oscillatory component emerges on the system's 'road to criticality', giving rise to so-called 'log-periodic' oscillations. |
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Presentation: Invited oral at 6 Ogólnopolskie Sympozjum "Fizyka w Ekonomii i Naukach Społecznych", by Zbigniew R. StruzikSee On-line Journal of 6 Ogólnopolskie Sympozjum "Fizyka w Ekonomii i Naukach Społecznych" Submitted: 2012-01-27 07:09 Revised: 2012-01-27 07:09 |