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arxiv: cond-mat/0303271 · v1 · submitted 2003-03-14 · ❄️ cond-mat.stat-mech · cond-mat.soft· q-fin.ST

Bose-Einstein Condensation in Financial Systems

classification ❄️ cond-mat.stat-mech cond-mat.softq-fin.ST
keywords distributionsfinancialbose-einsteincalculatedcondensatesequivalentfoundsystems
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We describe financial systems as condensates, similar to Bose-Einstein condensates, and calculate statistical distributions following from the model. The calculated distributions of investments into speculated financial assets are found equivalent to a Pareto distribution, and the calculated distributions of the price moves are found equivalent to exponentially truncated Levy distributions.

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