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We consider random vectors drawn from a multivariate normal distribution and compute the sample statistics in the presence of non-stationary correlations. For this purpose, we construct an ensemble of random correlation matrices and average…

Statistical Finance · Quantitative Finance 2014-06-17 Desislava Chetalova , Thilo A. Schmitt , Rudi Schäfer , Thomas Guhr

We analyze a large system of globally coupled phase oscillators whose natural frequencies are bimodally distributed. The dynamics of this system has been the subject of long-standing interest. In 1984 Kuramoto proposed several conjectures…

Pattern Formation and Solitons · Physics 2009-10-28 E. A. Martens , E. Barreto , S. H. Strogatz , E. Ott , P. So , T. M. Antonsen

A general formalism is developed for constructing modified Hamiltonian dynamical systems which preserve a canonical equilibrium distribution by adding a time evolution equation for a single additional thermostat variable. When such systems…

Statistical Mechanics · Physics 2015-12-09 John D. Ramshaw

The variance-gamma (VG) distributions form a four-parameter family which includes as special and limiting cases the normal, gamma and Laplace distributions. Some of the numerous applications include financial modelling and distributional…

Statistics Theory · Mathematics 2023-03-13 Adrian Fischer , Robert E. Gaunt , Andrey Sarantsev

Dynamical models of inflation are given with composite inflatons by means of massive supersymmetric gauge theory. Nearly flat directions and stable massive ones in the potential are identified and slow-roll during inflation is examined.…

High Energy Physics - Phenomenology · Physics 2008-11-26 K. Hamaguchi , K. -I. Izawa , H. Nakajima

This paper explores the concept of random-time subordination in modelling stock-price dynamics, and We first present results on the Laplace distribution as a Gaussian variance-mixture, in particular a more efficient volatility estimation…

Mathematical Finance · Quantitative Finance 2025-10-17 Rohan Shenoy , Peter Kempthorne

Copulas, generalized estimating equations, and generalized linear mixed models promote the analysis of grouped data where non-normal responses are correlated. Unfortunately, parameter estimation remains challenging in these three…

Methodology · Statistics 2024-10-16 Sarah S. Ji , Benjamin B. Chu , Hua Zhou , Kenneth Lange

The purpose of this paper is to utilize statistical methodologies to infer from market prices of assets and their derivatives the magnitude of the set of a measure M that defines acceptance sets of risky future cash flows. Specifically, we…

Mathematical Finance · Quantitative Finance 2023-01-16 Yoshihiro Shirai

This paper proposes the k-generalized distribution as a model for describing the distribution and dispersion of income within a population. Formulas for the shape, moments and standard tools for inequality measurement - such as the Lorenz…

General Finance · Quantitative Finance 2009-01-31 F. Clementi , T. Di Matteo , M. Gallegati , G. Kaniadakis

This paper derives a density matrix of the steady-state statistical mechanics compatible with the steady-state thermodynamics proposed by Oono and Paniconi [Prog. Theor. Phys. Suppl. {\bf 130}, 29 (1998)]. To this end, we adopt three…

Statistical Mechanics · Physics 2009-11-07 Takafumi Kita

The sub-Gaussian stable distribution is a heavy-tailed elliptically contoured law which has interesting applications in signal processing and financial mathematics. This work addresses the problem of feasible estimation of distributions. We…

Statistics Theory · Mathematics 2022-08-04 Taras Bodnar , Dmitry Otryakhin , Erik Thorsen

This paper develops unified asymptotic distribution theory for dynamic quantile predictive regressions which is useful when examining quantile predictability in stock returns under possible presence of nonstationarity.

Econometrics · Economics 2023-11-13 Christis Katsouris

This paper attempts to make feasible the evolutionary emergence of novelty in a supposedly deterministic world which behavior is associated with those of the mathematical dynamical systems. The work was motivated by the observation of…

Adaptation and Self-Organizing Systems · Physics 2024-06-26 R. Herrero , F. Pi , J. Rius , G. Orriols

In this work, which was inspired by the article [2] by M. V. Velasco and A. R. Villena, we obtain a characterization for probably continuous operators and show that the probability of a linear random operator being continuous coincides with…

Probability · Mathematics 2022-07-19 Kleber Soares Camara

We describe a new model to simulate the dynamic interactions between market price and the decisions of two different kind of traders. They possess spatial mobility allowing to group together to form coalitions. Each coalition follows a…

Statistical Mechanics · Physics 2009-10-31 Filippo Castiglione

A simple model which can explain the observed vertical distribution and size spectrum of atmospheric aerosol has been proposed. The model is based on a new physical hypothesis for the vertical mass exchange between the troposphere and the…

General Physics · Physics 2007-05-23 A. Mary Selvam , A. S. Ramachandra Murty , Bh. V. Ramanamurty

A novel general framework for the study of $\Gamma$-convergence of functionals defined over pairs of measures and energy-measures is introduced. This theory allows us to identify the $\Gamma$-limit of these kind of functionals by knowing…

Analysis of PDEs · Mathematics 2020-04-22 Marco Caroccia , Riccardo Cristoferi

When expressing a distribution in Euclidean space in spherical co-ordinates, derivation with respect to the radial and angular co-ordinates is far from trivial. Exploring the possibilities of defining a radial derivative of the…

Functional Analysis · Mathematics 2018-01-24 Fred Brackx

In a recent paper in this journal [J. Stat. Mech. (2009) P02037] we proposed a new, physically motivated, distribution function for modeling individual incomes having its roots in the framework of the k-generalized statistical mechanics.…

General Finance · Quantitative Finance 2012-12-07 F. Clementi , M. Gallegati , G. Kaniadakis

The present article concerns the stochastic modeling of the turbulent dissipation field and in particular its temporal evolution. To do so, we will be calling for a random distribution, ubiquitous in several aspects of physics and…

Fluid Dynamics · Physics 2026-04-08 Wandrille Ruffenach , Laurent Chevillard
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