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We introduce a multivariate Hawkes process that accounts for the dynamics of market prices through the impact of market order arrivals at microstructural level. Our model is a point process mainly characterized by 4 kernels associated with…

Trading and Market Microstructure · Quantitative Finance 2013-01-08 E. Bacry , J. F Muzy

The paper discusses multivariate self- and cross-exciting processes. We define a class of multivariate point processes via their corresponding stochastic intensity processes that are driven by stochastic jumps. Essentially, there is a jump…

Probability · Mathematics 2021-08-24 Heidar Eyjolfsson , Dag Tjøstheim

The Hawkes process is a simple point process, whose intensity function depends on the entire past history and is self-exciting and has the clustering property. The Hawkes process is in general non-Markovian. The linear Hawkes process has…

Probability · Mathematics 2025-09-04 Behzad Mehrdad , Lingjiong Zhu

A self-exciting spatio-temporal point process is fitted to incident data from the UK National Traffic Information Service to model the rates of primary and secondary accidents on the M25 motorway in a 12-month period during 2017-18. This…

Applications · Statistics 2020-08-26 Kieran Kalair , Colm Connaughton , Pierfrancesco Alaimo Di Loro

Hawkes process provides an effective statistical framework for analyzing the time-dependent interaction of neuronal spiking activities. Although utilized in many real applications, the classic Hawkes process is incapable of modelling…

Machine Learning · Statistics 2021-02-23 Feng Zhou , Yixuan Zhang , Jun Zhu

Online social networking services allow their users to post content in the form of text, images or videos. The main mechanism driving content diffusion is the possibility for users to re-share the content posted by their social connections,…

Social and Information Networks · Computer Science 2016-04-01 Ryota Kobayashi , Renaud Lambiotte

We aim to explicitly model the delayed Granger causal effects based on multivariate Hawkes processes. The idea is inspired by the fact that a causal event usually takes some time to exert an effect. Studying this time lag itself is of…

Machine Learning · Computer Science 2023-08-14 Chao Yang , Hengyuan Miao , Shuang Li

Classic estimation methods for Hawkes processes rely on the assumption that observed event times are indeed a realisation of a Hawkes process, without considering any potential perturbation of the model. However, in practice, observations…

Methodology · Statistics 2025-08-21 Anna Bonnet , Felix Cheysson , Miguel Martinez Herrera , Maxime Sangnier

Networks capture our intuition about relationships in the world. They describe the friendships between Facebook users, interactions in financial markets, and synapses connecting neurons in the brain. These networks are richly structured…

Machine Learning · Statistics 2015-07-14 Scott W. Linderman , Ryan P. Adams

We develop a Bayesian nonparametric framework for inference in spatio-temporal Hawkes processes, extending existing theoretical results beyond the purely temporal setting. Our framework encompasses modelling both the background and…

Statistics Theory · Mathematics 2026-01-08 Xenia Miscouridou , Deborah Sulem

A point process for event arrivals in high frequency trading is presented. The intensity is the product of a Hawkes process and high dimensional functions of covariates derived from the order book. Conditions for stationarity of the process…

Trading and Market Microstructure · Quantitative Finance 2026-05-12 Luca Mucciante , Alessio Sancetta

Current models of human dynamics, used from risk assessment to communications, assume that human actions are randomly distributed in time and thus well approximated by Poisson processes. We provide direct evidence that for five human…

Physics and Society · Physics 2009-11-11 A. Vazquez , J. Gama Oliveira , Z. Dezso , K. -I. Goh , I. Kondor , A. -L. Barabasi

We construct the temporal network using the two-dimensional active particle systems which are described by the Vicsek model. The bursts of the interevent times for a specific pair of particles are investigated numerically. We find that for…

Statistical Mechanics · Physics 2022-10-18 Wei Zhong , Youjin Deng , Daxing Xiong

Numerous studies grounded on Hawkes processes have been carried out in many fields including finance, biology and social network. Hawkes processes form a class of selfexciting simple point processes. In this article, we consider a general…

Probability · Mathematics 2025-07-22 Bartholomé Vieille , Rachid Senoussi , Samuel Soubeyrand

An extension of the Hawkes model where the productivity is variable is considered. In particular, the case is considered where each point may have its own productivity and a simple analytic formula is derived for the maximum likelihood…

Applications · Statistics 2020-03-20 Frederic Paik Schoenberg

The concept of temporal networks provides a framework to understand how the interaction between system components changes over time. In empirical communication data, we often detect non-Poissonian, so-called bursty behavior in the activity…

Physics and Society · Physics 2020-04-29 Takayuki Hiraoka , Naoki Masuda , Aming Li , Hang-Hyun Jo

Mobile health applications, including those that track activities such as exercise, sleep, and diet, are becoming widely used. Accurately predicting human actions is essential for targeted recommendations that could improve our health and…

Social and Information Networks · Computer Science 2018-02-27 Takeshi Kurashima , Tim Althoff , Jure Leskovec

We study statistical aspects of state-dependent Hawkes processes, which are an extension of Hawkes processes where a self- and cross-exciting counting process and a state process are fully coupled, interacting with each other. The…

Statistical Finance · Quantitative Finance 2021-09-17 Maxime Morariu-Patrichi , Mikko S. Pakkanen

We construct a two-tailed peak-over-threshold Hawkes model that captures asymmetric self- and cross-excitation in and between left- and right-tail extreme values within a time series. We demonstrate its applicability by investigating…

Statistical Finance · Quantitative Finance 2021-08-18 Matthew F. Tomlinson , David Greenwood , Marcin Mucha-Kruczynski

Fueled in part by recent applications in neuroscience, the multivariate Hawkes process has become a popular tool for modeling the network of interactions among high-dimensional point process data. While evaluating the uncertainty of the…

Machine Learning · Statistics 2020-07-16 Xu Wang , Mladen Kolar , Ali Shojaie