2010 Fiscal Year Final Research Report
Mechanisms of Speculative Bubbles and Crashes in stock Markets
| Project/Area Number |
20510142
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Social systems engineering/Safety system
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| Research Institution | International Christian University |
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Principal Investigator |
KAIZOJI Taisei International Christian University, 教養学部, 教授 (10265960)
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| Project Period (FY) |
2008 – 2010
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| Keywords | ファイナンス / 経済物理学 |
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| Research Abstract |
I studied the mechanisms of the Internet bubbles and the burst of the bubbles occurred between 1998 and 2000 in the U.S. stock markets. (1) the reverse cumulative distribution of the Internet company's stock prices follows a Pareto distribution. When the Pareto index approached to one, we found that the crash occurred. (2) internet bubble is shown theoretically that the phase transition corresponds to the Ising model.
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Research Products
(8 results)
