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About Self-organization of Information and Synergetics Read chapter Read first chapter

2018 | OriginalPaper | Chapter

Financial Market Models

Author : Lisa Borland

Published in: Complexity and Synergetics

Publisher: Springer International Publishing

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Abstract

The dynamics of financial markets are discussed. After a brief introduction of the price formation process, we review the statistical features (also known as “stylized facts”) of stock return time series, which exhibit fat tails and intermittent periods of higher or lower volatility. Several models aimed at understanding the mechanisms that lead to these seemingly ubiquitous features of financial markets are then reviewed. Those models have largely been developed within the Econophysics community but we emphasize here that they all contain elements consistent with a Synergetic approach.

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Metadata
Title
Financial Market Models
Author
Lisa Borland
Copyright Year
2018
Book
Complexity and Synergetics

Print ISBN: 978-3-319-64333-5

Electronic ISBN: 978-3-319-64334-2

Copyright Year: 2018

DOI
https://doi.org/10.1007/978-3-319-64334-2_20