Related papers: Dynamical system theory of periodically collapsing…
We construct a statistical indicator for the detection of short-term asset price bubbles based on the information content of bid and ask market quotes for plain vanilla put and call options. Our construction makes use of the martingale…
Abrupt shifts in ecosystems, brains, markets, and climate are often diagnosed as signs of approaching a tipping point, i.e. a critical bifurcation where stability is lost. Here we reveal a broader and more deceptive mechanism:…
In this paper, dynamical systems theory and bifurcation theory are applied to investi- gate the rich dynamical behaviours observed in three simple disease models. The 2- and 3-dimensional models we investigate have arisen in previous…
Establishing unambiguously the existence of speculative bubbles is an on-going controversy complicated by the need of defining a model of fundamental prices. Here, we present a novel empirical method which bypasses all the difficulties of…
The dynamics of a bouncing ball model under the influence of dissipation is investigated by using a two dimensional nonlinear mapping. When high dissipation is considered, the dynamics evolves to different attractors. The evolution of the…
This paper is devoted to the study of the dynamical behavior of the critically dissipative quasi-geostrophic equation in $\textbf{T}^2$. We prove that this system possesses time-dependent periodic solutions, bifurcating from a smooth steady…
The parametric behavior of regular periodic arrays of rising bubbles is investigated with the aid of 2-dimensional BGK Lattice-Boltzmann (LB) simulators. The Recursive Projection Method is implemented and coupled to the LB simulators,…
There are hidden observables for inflation, such as features localized in position space, which do not manifest themselves when only one inflation trajectory is considered. To address this issue, we investigate inflation dynamics in a…
For many physical systems the transition from a stationary solution to sustained small amplitude oscillations corresponds to a Hopf bifurcation. For systems involving impacts, thresholds, switches, or other abrupt events, however, this…
The present paper addresses the swing equation with additional delayed damping as an example for pendulum-like systems. In this context, it is proved that recurring sub- and supercritical Hopf bifurcations occur if time delay is increased.…
We discuss the dependence of set-valued dynamical systems on parameters. Under mild assumptions which are often satisfied for random dynamical systems with bounded noise and control systems, we establish the fact that topological…
Aeroelastic flutter represents a critical nonlinear instability arising from the coupling between structural elasticity and unsteady aerodynamics. In deterministic settings, flutter onset is associated with bifurcations of invariant sets…
The fate of deformable buoyancy-driven bubbles rising near a vertical wall under highly inertial conditions is investigated numerically. In the absence of path instability, simulations reveal that when the Galilei number, $Ga$, which…
The drift burst hypothesis postulates the existence of short-lived locally explosive trends in the price paths of financial assets. The recent U.S. equity and treasury flash crashes can be viewed as two high-profile manifestations of such…
Prices in financial markets exhibit extreme jumps far more often than can be accounted for by external news. Further, magnitudes of price changes are correlated over long times. These so called stylized facts are quantified by scaling laws…
Critical phenomena in globally coupled excitable elements are studied by focusing on a saddle-node bifurcation at the collective level. Critical exponents that characterize divergent fluctuations of interspike intervals near the bifurcation…
For an elastic system that is non-conservative but autonomous, subjected for example to time-independent loading by a steadily flowing fluid (air or water), a dangerous bifurcation, such as a sub-critical bifurcation, or a cyclic fold, will…
We report a detailed experimental characterization of the periodic bubbling regimes that take place in an axisymmetric air-water jet when the inner air stream is forced by periodic modulations of the pressure at the upstream air feeding…
We endorse the idea, suggested in recent literature, that BitCoin prices are influenced by sentiment and confidence about the underlying technology; as a consequence, an excitement about the BitCoin system may propagate to BitCoin prices…
The financial crisis of 2008, which started with an initially well-defined epicenter focused on mortgage backed securities (MBS), has been cascading into a global economic recession, whose increasing severity and uncertain duration has led…