Physics – Condensed Matter – Statistical Mechanics
Scientific paper
1997-11-30
European Physical Journal B 1, 141-143 (1998)
Physics
Condensed Matter
Statistical Mechanics
8 pages, 3 figures (accepted in European Physical Journal B)
Scientific paper
10.1007/s100510050163
We call attention against what seems to a widely held misconception according to which large crashes are the largest events of distributions of price variations with fat tails. We demonstrate on the Dow Jones Industrial index that with high probability the three largest crashes in this century are outliers. This result supports suggestion that large crashes result from specific amplification processes that might lead to observable pre-cursory signatures.
Johansen Anders
Sornette Didier
No associations
LandOfFree
Stock market crashes are outliers does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.
If you have personal experience with Stock market crashes are outliers, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Stock market crashes are outliers will most certainly appreciate the feedback.
Profile ID: LFWR-SCP-O-210932