相关论文: Bridging the Gap: Decoding the Intrinsic Nature of…

The concept of time mostly plays a subordinate role in finance and economics. The assumption is that time flows continuously and that time series data should be analyzed at regular, equidistant intervals. Nonetheless, already nearly 60…

We measure the influence of different time-scales on the dynamics of financial market data. This is obtained by decomposing financial time series into simple oscillations associated with distinct time-scales. We propose two new time-varying…

A symmetry-guided definition of time may enhance and simplify the analysis of historical series with recurrent patterns and seasonalities. By enforcing simple-scaling and stationarity of the distributions of returns, we identify a…

A possible mechanism of time is formulated by developing an idea of time replaced by quantum correlations, with the aid of modern quantum information theory. We invent a microscopic model, where correlations of a closed system are steadily…

Directional-change Intrinsic Time analysis has long revealed scaling laws in market microstructure, but the origin of their stability remains elusive. This article presents evidence that Intrinsic Time can be modeled as a memoryless…

We introduce an event based framework of directional changes and overshoots to map continuous financial data into the so-called Intrinsic Network - a state based discretisation of intrinsically dissected time series. Defining a method for…

Dynamics, the study of change, is normally the subject of mechanics. Whether the chosen mechanics is ``fundamental'' and deterministic or ``phenomenological'' and stochastic, all changes are described relative to an external time. Here we…

A few characteristic exponents describing power law behaviors of roughness, coherence and persistence in stochastic time series are compared to each other. Relevant techniques for analyzing such time series are recalled in order to…

Several physical concepts, including the concept of time, are clarified herein by taking into account existing experimental data. In addition, the missing links among these physical concepts are established. This allows us to take another…

A global intrinsic time in Friedmann - Robertson - Walker models is proportional to a scaling factor of the spatial metric. The aim of the paper is to study an applicability of the intrinsic global time chosen to nearest non-symmetric cases…

We investigate the question, "how does time flow?" and show that time may change by inversions as well. We discuss its implications to a simple class of linear systems. Instead of introducing any unphysical behaviour, inversions can lead to…

The deep connection between entropy and information is discussed in terms of both classical and quantum physics. The mechanism of information transfer between systems via entanglement is explored in the context of decoherence theory. The…

The formulation of quantum mechanics within the framework of entropic dynamics includes several new elements. In this paper we concentrate on one of them: the implications for the theory of time. Entropic time is introduced as a…

This paper shows how a time series of measurements of an evolving system can be processed to create an inner time series that is unaffected by any instantaneous invertible, possibly nonlinear transformation of the measurements. An inner…

Stock price change in financial market occurs through transactions in analogy with diffusion in stochastic physical systems. The analysis of price changes in real markets shows that long-range correlations of price fluctuations largely…

Recently, a thermodynamic definition of time has been introduced. This definition is useful to find approach some open problems in physics. But, it was obtained by a phenomenological approach and a logical inconsistency appears in the…

For the pedestrian observer, financial markets look completely random with erratic and uncontrollable behavior. To a large extend, this is correct. At first approximation the difference between real price changes and the random walk model…

The problem of the Nature of Time is twofold: whether or not time is a fundamental quantity of Nature, and how does clock time of metrology emerge in the experimental description of dynamics. This work strongly supports the fundamental…

If time is described by a fundamental process rather than a coordinate, it interacts with any physical system that evolves in time. The resulting dynamics is shown here to be consistent provided the fundamental period of the time system is…

In setting up a stochastic description of the time evolution of a financial index, the challenge consists in devising a model compatible with all stylized facts emerging from the analysis of financial time series and providing a reliable…