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We prove a law of large numbers and a functional central limit theorem for multivariate Hawkes processes observed over a time interval $[0,T]$ in the limit $T \rightarrow \infty$. We further exhibit the asymptotic behaviour of the…

Probability · Mathematics 2012-02-07 Emmanuel Bacry , Sylvain Delattre , Marc Hoffmann , Jean François Muzy

Single index financial market models cannot account for the empirically observed complex interactions between shares in a market. We describe a multi-share financial market model and compare characteristics of the volatility, that is the…

Condensed Matter · Physics 2009-10-31 Adam Ponzi

The fluctuation theorem is a pivotal result of statistical physics. It quantifies the probability of observing fluctuations which are in violation of the second law of thermodynamics. More specifically, it quantifies the ratio of the…

Statistical Mechanics · Physics 2011-08-26 M. Belushkin , R. Livi , G. Foffi

The origin(s) of the ubiquity of probability distribution functions (PDF) with power law tails is still a matter of fascination and investigation in many scientific fields from linguistic, social, economic, computer sciences to essentially…

Statistical Mechanics · Physics 2021-11-01 Kiyoshi Kanazawa , Didier Sornette

Studies of collective human behavior in the social sciences, often grounded in details of actions by individuals, have much to offer `social' models from the physical sciences concerning elegant statistical regularities. Drawing on…

Physics and Society · Physics 2009-03-17 R. Alexander Bentley , Paul Ormerod , Michael Batty

We study the propagation of waves in a medium in which the wave velocity fluctuates randomly in time. We prove that at long times, the statistical distribution of the wave energy is log-normal, with the average energy growing exponentially.…

Disordered Systems and Neural Networks · Physics 2021-09-01 R. Carminati , H. Chen , R. Pierrat , B. Shapiro

We formulate conditions for convergence of Laws of Large Numbers and show its links with of the parts of mathematical analysis such as summation theory, convergence of orthogonal series. We present also applications of the Law of Large…

Probability · Mathematics 2018-09-07 Paweł J. Szabłowski

The internal interactions of fluids occur at all scales therefore the resulting force fields have no reason to be smooth and differentiable. The release of the differentiability hypothesis has important mathematical consequences, like scale…

General Physics · Physics 2013-03-15 Louis de Montera

Random walks are one of the best investigated dynamical processes on graphs. A particularly fascinating phenomenon is the scaling relationship of fluctuations $\sigma $ with the average flux $\langle f \rangle $. Here we analyze how network…

Physics and Society · Physics 2015-05-28 Kosmas Kosmidis , Moritz Beber , Marc-Thorsten Hütt

We extend our previous study of scaling range properties done for detrended fluctuation analysis (DFA) \cite{former_paper} to other techniques of fluctuation analysis (FA). The new technique called Modified Detrended Moving Average Analysis…

Data Analysis, Statistics and Probability · Physics 2012-12-21 Grech Dariusz , Mazur Zygmunt

Distinguishing power-law distributions from other heavy-tailed distributions is challenging, and this task is often further complicated by subsampling effects. In this work, we evaluate the performance of two commonly used methods for…

Data Analysis, Statistics and Probability · Physics 2024-05-09 Silja Sormunen , Lasse Leskelä , Jari Saramäki

Condensation is the phenomenon whereby one of a sum of random variables contributes a finite fraction to the sum. It is manifested as an aggregation phenomenon in diverse physical systems such as coalescence in granular media, jamming in…

Statistical Mechanics · Physics 2014-01-20 Juraj Szavits-Nossan , Martin R. Evans , Satya N. Majumdar

A stochastic model for intermittent fluctuations due to a super-position of uncorrelated Lorentzian pulses is presented. For constant pulse duration, this is shown to result in an exponential power spectral density for the stationary…

Plasma Physics · Physics 2017-03-08 O. E. Garcia , A. Theodorsen

We derive exact predictions for universal scaling exponents and scaling functions associated with the statistics of maximum velocities vm during avalanches described by the mean field theory of the interface depinning transition. In…

Disordered Systems and Neural Networks · Physics 2015-06-15 Michael LeBlanc , Luiza Angheluta , Karin Dahmen , Nigel Goldenfeld

We revisit the problem of condensation for independent, identically distributed random variables with a power-law tail, conditioned by the value of their sum. For large values of the sum, and for a large number of summands, a condensation…

Statistical Mechanics · Physics 2022-03-03 Claude Godrèche

Strong anomalous diffusion is {often} characterized by a piecewise-linear spectrum of the moments of displacement. The spectrum is characterized by slopes $\xi$ and $\zeta$ for small and large moments, respectively, and by the critical…

The power law is useful in describing count phenomena such as network degrees and word frequencies. With a single parameter, it captures the main feature that the frequencies are linear on the log-log scale. Nevertheless, there have been…

Applications · Statistics 2024-07-24 Clement Lee , Emma Eastoe , Aiden Farrell

When the probability of measuring a particular value of some quantity varies inversely as a power of that value, the quantity is said to follow a power law, also known variously as Zipf's law or the Pareto distribution. Power laws appear…

Statistical Mechanics · Physics 2019-09-23 M. E. J. Newman

We examine the performance of six estimators of the power-law cross-correlations -- the detrended cross-correlation analysis, the detrending moving-average cross-correlation analysis, the height cross-correlation analysis, the averaged…

Statistical Finance · Quantitative Finance 2018-10-30 Ladislav Kristoufek

Power-law distributions occur in wide variety of physical, biological, and social phenomena. In this paper, we propose a statistical hypothesis test based on the log-likelihood ratio to assess whether two samples of discrete data are drawn…

Methodology · Statistics 2015-03-03 Alessandro Bessi