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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...
Autores principales: | Donier, Jonathan, Bouchaud, Jean-Philippe |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2015
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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 |
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