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We investigate the use of the Hurst exponent, dynamically computed over a moving time-window, to evaluate the level of stability/instability of financial firms. Financial firms bailed-out as a consequence of the 2007-2010 credit crisis show…

Statistical Finance · Quantitative Finance 2013-05-24 Raffaello Morales , T. Di Matteo , Ruggero Gramatica , Tomaso Aste

We analyze the probability density function (PDF) of waiting times between financial loss exceedances. The empirical PDFs are fitted with the self-excited Hawkes conditional Poisson process with a long power law memory kernel. The Hawkes…

Statistical Finance · Quantitative Finance 2017-05-24 Maciej Jagielski , Ryszard Kutner , Didier Sornette

Multivariate Hawkes processes are commonly used to model streaming networked event data in a wide variety of applications. However, it remains a challenge to extract reliable inference from complex datasets with uncertainty quantification.…

Machine Learning · Statistics 2020-10-29 Haoyun Wang , Liyan Xie , Alex Cuozzo , Simon Mak , Yao Xie

Existence and stability properties are studied for Hawkes process, i.e. point process $S$ that has long-memory and intensity $r(t)=\lambda \big(g_0(t)+ \sum_{\tau<t, \tau \in S} h(t-\tau) \big)$. The approach to Hawkes process presented in…

Probability · Mathematics 2013-01-17 Dmytro Karabash

The Hawkes process and its extensions effectively model self-excitatory phenomena including earthquakes, viral pandemics, financial transactions, neural spike trains and the spread of memes through social networks. The usefulness of these…

Applications · Statistics 2020-05-21 Andrew J. Holbrook , Charles E. Loeffler , Seth R. Flaxman , Marc A. Suchard

We characterize a Hawkes point process with kernel proportional to the probability density function of Mittag-Leffler random variables. This kernel decays as a power law with exponent $\beta +1 \in (1,2]$. Several analytical results can be…

Hawkes processes are a popular framework to model the occurrence of sequential events, i.e., occurrence dynamics, in several fields such as social diffusion. In real-world scenarios, the inter-arrival time among events is irregular.…

Machine Learning · Computer Science 2023-05-19 Minju Jo , Seungji Kook , Noseong Park

Temporal point processes are the dominant paradigm for modeling sequences of events happening at irregular intervals. The standard way of learning in such models is by estimating the conditional intensity function. However, parameterizing…

Machine Learning · Computer Science 2020-01-24 Oleksandr Shchur , Marin Biloš , Stephan Günnemann

The Hawks process is a point process with a self-exciting property. It has been used to model earthquakes, social media events, infections, etc., and is getting a lot of attention. However, as a real problem, there are often situations…

Statistics Theory · Mathematics 2021-07-30 Masatoshi Goda

Neuronal networks can generate burst events. It remains unclear how to analyse interburst periods and their statistics. We study here the phase-space of a mean-field model, based on synaptic short-term changes, that exhibit burst and…

Statistical Mechanics · Physics 2020-12-17 Lou Zonca , David Holcman

Large density fluctuations of conserved charges have been proposed as a promising signature for exploring the QCD critical point in heavy-ion collisions. These fluctuations are expected to exhibit a fractal or scale-invariant behavior,…

Nuclear Theory · Physics 2025-04-04 Rui Wang , Chengrui Qiu , Chuan-Shen Hu , Zhiming Li , Yuanfang Wu

Learning the causal-interaction network of multivariate Hawkes processes is a useful task in many applications. Maximum-likelihood estimation is the most common approach to solve the problem in the presence of long observation sequences.…

Machine Learning · Computer Science 2019-11-04 Farnood Salehi , William Trouleau , Matthias Grossglauser , Patrick Thiran

This paper presents a parametric estimation method for ill-observed linear stationary Hawkes processes. When the exact locations of points are not observed, but only counts over time intervals of fixed size, methods based on the likelihood…

Statistics Theory · Mathematics 2022-01-11 Felix Cheysson , Gabriel Lang

I describe a new time-domain algorithm for detecting localized structures (bursts), revealing pulse shapes, and generally characterizing intensity variations. The input is raw counting data, in any of three forms: time-tagged photon events…

Astrophysics · Physics 2015-06-24 Jeffrey D. Scargle

Many self-exciting systems change because endogenous amplification, as opposed to exogenous forcing, varies. We study a Hawkes process with fixed background rate and kernel, but piecewise time-varying productivity. For exponential kernels…

Other Statistics · Statistics 2025-12-30 Conor Kresin , Boris Baeumer , Sophie Phillips

This paper presents a method for forecasting limit order book durations using a self-exciting flexible residual point process. High-frequency events in modern exchanges exhibit heavy-tailed interarrival times, posing a significant challenge…

Statistical Finance · Quantitative Finance 2026-04-02 Kyungsub Lee

Bursty dynamics characterizes systems that evolve through short active periods of several events, which are separated by long periods of inactivity. Systems with such temporal heterogeneities are not only found in nature but also include…

Physics and Society · Physics 2024-12-19 Márton Karsai , Hang-Hyun Jo

Multivariate Hawkes Processes (MHPs) are an important class of temporal point processes that have enabled key advances in understanding and predicting social information systems. However, due to their complex modeling of temporal…

Machine Learning · Computer Science 2020-03-02 Maximilian Nickel , Matthew Le

We test three common information criteria (IC) for selecting the order of a Hawkes process with an intensity kernel that can be expressed as a mixture of exponential terms. These processes find application in high-frequency financial data…

Statistical Finance · Quantitative Finance 2017-04-05 J. M. Chen , A. G. Hawkes , E. Scalas , M. Trinh

Electroencephalography (EEG) is an important clinical tool for grading injury caused by lack of oxygen or blood to the brain during birth. Characteristics of low-voltage waveforms, known as inter-bursts, are related to different grades of…

Signal Processing · Electrical Eng. & Systems 2019-07-08 Sumit A. Raurale , Saif Nalband , Geraldine B. Boylan , Gordon Lightbody , John M. O'Toole