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Herd behavior is an important economic phenomenon, especially in the context of the recent financial crises. In this paper, herd behavior in global stock markets is investigated with a focus on intercontinental comparison. Since most…

Statistical Finance · Quantitative Finance 2013-08-20 Changki Kim , Yangho Choi , Woojoo Lee , Jae Youn Ahn

There are no solid arguments to sustain that digital currencies are the future of online payments or the disruptive technology that some of its former participants declared when used to face critiques. This paper aims to solve the…

Statistical Finance · Quantitative Finance 2018-12-03 Obryan Poyser

As global financial markets become increasingly interconnected, financial contagion has developed into a major influencer of asset price dynamics. Motivated by this context, our study explores financial contagion both within and between…

Physics and Society · Physics 2026-01-09 An Pham Ngoc Nguyen , Marija Bezbradica , Martin Crane

The initial purpose of the study is to search whether the market exhibits herd behaviour or not by examining the crypto-asset market in the context of behavioural finance. And the second purpose of the study is to measure whether the…

General Economics · Economics 2021-04-05 Üzeyir Aydin , Büşra Ağan , Ömer Aydin

The dramatic adoption of Bitcoin and other cryptocurrencies in the USA has revolutionized the financial landscape and provided unprecedented investment and transaction efficiency opportunities. The prime objective of this research project…

While much effort has been invested in studies of traffic flow as a physics problem, two emerging trends in technology have broadened the subject for new investigations. The first trend is the development of self-driving vehicles. This…

Physics and Society · Physics 2018-03-07 Skanda Vivek , David Yanni , Peter J. Yunker , Jesse L. Silverberg

The crowd panic and its contagion play non-negligible roles at the time of the stock crash, especially for China where inexperienced investors dominate the market. However, existing models rarely consider investors in networking stocks and…

General Finance · Quantitative Finance 2018-04-26 Shan Lu , Jichang Zhao , Huiwen Wang , Ruoen Ren

We present a simple model of a stock market where a random communication structure between agents gives rise to a heavy tails in the distribution of stock price variations in the form of an exponentially truncated power-law, similar to…

Statistical Mechanics · Physics 2014-01-14 Rama Cont , Jean-Philippe Bouchaud

Conventional financial models fail to explain the economic and monetary properties of cryptocurrencies due to the latter's dual nature: their usage as financial assets on the one side and their tight connection to the underlying blockchain…

Econometrics · Economics 2021-07-20 Constandina Koki , Stefanos Leonardos , Georgios Piliouras

Herding, where investors imitate others' decisions rather than relying on their own analysis, is a prevalent phenomenon in financial markets. Excessive herding distorts rational decisions, amplifies volatility, and can be exploited by…

Mathematical Finance · Quantitative Finance 2026-04-14 Huisheng Wang , H. Vicky Zhao

This paper analyzes realized return behavior across a broad set of crypto assets by estimating heterogeneous exposures to idiosyncratic and systematic risk. A key challenge arises from the latent nature of broader economy-wide risk sources:…

Econometrics · Economics 2025-06-27 Nektarios Aslanidis , Aurelio Bariviera , George Kapetanios , Vasilis Sarafidis

This study examines market behavior in critical mineral investments using a novel analytical framework that combines change-point detection (PELT algorithm) with cross-sectional analysis. This research analyzes ESG-ranked critical mineral…

Econometrics · Economics 2026-01-19 Haibo Wang

By incorporating market impact and asymmetric sensitivity into the evolutionary minority game, we study the coevolutionary dynamics of stock prices and investment strategies in financial markets. Both the stock price movement and the…

Trading and Market Microstructure · Quantitative Finance 2015-06-11 Li-Xin Zhong , Wen-Juan Xu , Fei Ren , Yong-Dong Shi

Maintaining a balance between returns and volatility is a common strategy for portfolio diversification, whether investing in traditional equities or digital assets like cryptocurrencies. One approach for diversification is the application…

General Economics · Economics 2025-04-01 Dimitar Kitanovski , Igor Mishkovski , Viktor Stojkoski , Miroslav Mirchev

Investigations of social influence in collective decision-making have become possible due to recent technologies and platforms that record interactions in far larger groups than could be studied before. Herding and its impact on…

Social and Information Networks · Computer Science 2023-06-29 Henry K. Dambanemuya , Johannes Wachs , Emőke-Ágnes Horvát

In this paper, we study the herding phenomena in financial markets arising from the combined effect of (1) non-coordinated collective interactions between the market players and (2) concurrent reactions of market players to dynamic market…

Computational Finance · Quantitative Finance 2017-12-05 Hyeong-Ohk Bae , Seung-yeon Cho , Sang-hyeok Lee , Seok-Bae Yun

Micro-segmentation is a network security technique that requires delivering services for each unique segment. To do so, the first stage is defining these unique segments (a.k.a security groups) and then initializing policy-driven security…

Cryptography and Security · Computer Science 2020-03-26 Mahmood Yousefi-Azar , Mohamed-Ali Kaafar , Andy Walker

Investment herding, a phenomenon where households mimic the decisions of others rather than relying on their own analysis, has significant effects on financial markets and household behavior. Excessive investment herding may reduce…

Portfolio Management · Quantitative Finance 2025-07-15 Huisheng Wang , H. Vicky Zhao

Utilizing graph analytics and learning has proven to be an effective method for exploring aspects of crypto economics such as network effects, decentralization, tokenomics, and fraud detection. However, the majority of existing research…

Computational Engineering, Finance, and Science · Computer Science 2024-03-12 Bingqiao Luo

On electronic game platforms, different payment transactions have different levels of risk. Risk is generally higher for digital goods in e-commerce. However, it differs based on product and its popularity, the offer type (packaged game,…

Machine Learning · Computer Science 2017-09-21 Bokai Cao , Mia Mao , Siim Viidu , Philip S. Yu
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