The sharp peak-flat trough pattern and critical speculation

Preprint English OPEN
B. M. Roehner; D. Sornette;
(1998)
  • Related identifiers: doi: 10.1007/s100510050394
  • Subject: Condensed Matter - Statistical Mechanics | Quantitative Finance - Statistical Finance

We find empirically a characteristic sharp peak-flat trough pattern in a large set of commodity prices. We argue that the sharp peak structure reflects an endogenous inter-market organization, and that peaks may be seen as local ``singularities'' resulting from imitatio... View more
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