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Power laws and Gaussians for stock market fluctuations

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2007-01-15
Tuncay, Çağlar
Stauffer, Dietrich
The daily financial volume of transaction on the New York Stock Exchange and its day-to-day fluctuations are analysed with respect to power-law tails as well to their long-term trends. We also model the transition to a Gaussian distribution for longer time intervals, like months instead of days.