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Why Do Markets Crash? Bitcoin Data Offers Unprecedented Insights

Crashes have fascinated and baffled many canny observers of financial markets. In the strict orthodoxy of the efficient market theory, crashes must be due to sudden changes of the fundamental valuation of assets. However, detailed empirical studies suggest that large price jumps cannot be explained...

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Detalles Bibliográficos
Autores principales: Donier, Jonathan, Bouchaud, Jean-Philippe
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2015
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4598099/
https://www.ncbi.nlm.nih.gov/pubmed/26448333
http://dx.doi.org/10.1371/journal.pone.0139356