{"as_of":"2026-08-15T06:56:00Z","caps":{"database_statements":6,"inbound":100,"outbound":100},"context_digest":"sha256:4442de9cc75ec24e1a9d24e97d8f1446833cad0b391bd0fc0b6aed811e300a6e","coverage":[{"denominator":31,"lane":"reference_resolution","note":"Typed states for the displayed outbound observations.","records_observed":31,"source":"paper_references, paper_reference_links","source_observed_at":"2026-08-01T19:27:10.900906Z","state":"measured"},{"denominator":31,"lane":"standing_notices","note":"One-hop event checks from named stored sources.","records_observed":31,"source":"scholarly_work_events, retraction_status_cache","source_observed_at":"2026-08-15T06:32:42.880941+00:00","state":"measured"},{"denominator":0,"lane":"inbound_itemization","note":"Pith citing papers itemized under the disclosed page cap.","records_observed":0,"source":"paper_references, paper_reference_links","source_observed_at":null,"state":"measured"},{"denominator":1,"lane":"external_citation_measurements","note":"A source-named dated measurement, never combined with another source.","records_observed":0,"source":"cited_works","source_observed_at":null,"state":"measured"}],"external_citation_measurements":[],"inbound":[],"links":{"evidence":"/evidence","html":"/paper/2607.16970/citation-record","integrity":"/paper/2607.16970/integrity","json":"/paper/2607.16970/citation-record.json","paper":"/paper/2607.16970"},"outbound":[{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:09.876014Z","title":"Max Bruche and John Chi-Fong Kuong","venue":null,"work_id":null,"year":2019},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":21,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:09.876014Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:0bcdbf262a3c501e9e79ad10f0f695c2ca779eab160e76cfa7d4bfd6ccda2a15","observation_id":"3a87a6c3-f19f-4f2f-bde3-00b8cfd740cc","resolution":{"observed_at":"2026-08-01T19:27:09.876014Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:10.180017Z","title":"Endogenous liquidity crises","venue":null,"work_id":null,"year":2020},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":24,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:10.180017Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:695310397bfd6a1817ad091c9a1c4b517f2408be7a9cff71748bb1d79f671311","observation_id":"3a85afb6-a165-4c98-b3a0-4c8e36d78d4f","resolution":{"observed_at":"2026-08-01T19:27:10.180017Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:10.395926Z","title":null,"venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":26,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:10.395926Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:3f4959f8f49808c8760bd009f9442b912338f160419ba4b19d89be50beb8417a","observation_id":"563be31d-6c07-47f7-bc80-869b83133ff6","resolution":{"observed_at":"2026-08-01T19:27:10.395926Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:10.679990Z","title":"Andrei Kirilenko, Albert S","venue":null,"work_id":null,"year":2010},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":29,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:10.679990Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:e600ebb6f34aec5adf158020582e1c0631a13bec2c20afd9ab951e1e084ab29d","observation_id":"b8e8b21e-a213-41cf-b38b-a33489b8ecce","resolution":{"observed_at":"2026-08-01T19:27:10.679990Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:10.900906Z","title":"Jan Novotny","venue":null,"work_id":null,"year":2018},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":31,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:10.900906Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:9d6e1b35a6a0c3b7aca9b95bbcb0655c9eb7b14aaf7d02ba5886f01a64093f57","observation_id":"53494f28-734b-4a0e-b329-7ae7ec409309","resolution":{"observed_at":"2026-08-01T19:27:10.900906Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:08.532388Z","title":"Marco Avellaneda and Sasha Stoikov","venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":1981,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:08.532388Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:5c1b54afef94b6b939627973d4b165d08363156cfcac4a085339f8b2b990216f","observation_id":"c8a26b74-4d27-4844-9896-04697679297f","resolution":{"observed_at":"2026-08-01T19:27:08.532388Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:08.848956Z","title":"David Easley, Marcos M","venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":1985,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:08.848956Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:3c063319bbfe60274dcc564240022c34de2a2c3674128f4b33f39c65af4f4970","observation_id":"362bf4fa-0b52-4729-9ef7-a8a38ad30dd7","resolution":{"observed_at":"2026-08-01T19:27:08.848956Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:10.589846Z","title":null,"venue":null,"work_id":null,"year":1988},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":1988,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:10.589846Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:9a49832942ff99575270f496a93c02c01cb206d200ce3afc6dfcfc97252b575b","observation_id":"971cb300-ad63-493b-b281-9c2bead82d5c","resolution":{"observed_at":"2026-08-01T19:27:10.589846Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":{"arxiv_id":"2607.08907","last_updated":"2026-07-09T20:06:45Z","snapshot_observed_at":"2026-08-15T03:02:55.949391Z","submitted_at":"2026-07-09T20:06:45Z","title":"Herding and Liquidity in Order-Book Markets. I. A Robust Liquidity-Stress Crossover and its Reflexive Mechanism","version":1},"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":"2607.08907","snapshot_observed_at":"2026-08-01T19:27:07.954089Z","title":"Jan Novotny","venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":1990,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:07.954089Z"},"links":{"cited_paper":"/paper/2607.08907","citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:de4781ff9a7f78b690af54a8229809a4b1571991b8297b58c73d217b536d6de8","observation_id":"6d7844f9-82bb-4b8f-9574-429832a83666","resolution":{"observed_at":"2026-08-01T19:27:07.954089Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:08.143655Z","title":"Denis Gromb and Dimitri Vayanos","venue":null,"work_id":null,"year":1997},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":1997,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:08.143655Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:eb9cb803e00784aa939745c0b2589cad0d3f8db97b71da4e160e3f9fc92c5765","observation_id":"2255d669-86d2-4433-82d9-7dcb78be2b65","resolution":{"observed_at":"2026-08-01T19:27:08.143655Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:07.673228Z","title":"CarlChiarellaandGiuliaIori","venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":1999,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:07.673228Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:7591807945d43507f73215193b23e3b21d36c62bbdaeb7f43b2020b55eef83f0","observation_id":"602f5eec-52d9-4bb0-af84-f35894b8ece3","resolution":{"observed_at":"2026-08-01T19:27:07.673228Z","resolver_source":null,"status":"malformed_identifier"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:07.378715Z","title":"Markus K","venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2001,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:07.378715Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:eec8a1d5b4a1268a7a2dc7034de0ff9e59841bd6133c288bfed4ae4a0192c3f3","observation_id":"732f5e8a-ffba-4ee1-b28d-22c4b9117409","resolution":{"observed_at":"2026-08-01T19:27:07.378715Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":"10.1088/1469-7688/2/5/303","metadata_source":"openalex","pith_arxiv_id":null,"snapshot_observed_at":"2026-08-05T02:28:24.338817Z","title":"J.BradfordDeLong, AndreiShleifer, LawrenceH.Summers, andRobertJ.Waldmann","venue":"Quantitative Finance","work_id":"be4b948d-8f7f-4ffc-b83a-1937a237f504","year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2002,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:07.812286Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:89109f18222cb4923c466afa36ce77e2bdb8514ece7754c1d1469d644b194b41","observation_id":"7c914922-9920-4751-8d88-f5e631efe541","resolution":{"observed_at":"2026-08-01T19:28:23.828842Z","resolver_source":"doi","status":"verified_exact"},"standing_notice":{"events":[],"observation":"No event found in the named queried sources as of 2026-08-15T06:32:42.880941+00:00.","reason":null,"source_receipts":[{"observed_at":"2026-08-15T06:32:42.880941+00:00","source":"crossref"},{"observed_at":"2026-08-15T06:32:39.529945+00:00","source":"retraction_watch"}],"state":"measured"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:08.039051Z","title":"Andrei Shleifer and Robert W","venue":null,"work_id":null,"year":2005},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2005,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:08.039051Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:871ec3bdffe94424fa3a405b40da4d20b9baf54608cbbde60a9c38682d2aa474","observation_id":"e47c3482-49cc-4a8a-b1b6-2f65333f74af","resolution":{"observed_at":"2026-08-01T19:27:08.039051Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:08.232743Z","title":"Marco Avellaneda and Jeong-Hyun Lee","venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2006,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:08.232743Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:e99844980e2a7a74e933645658a42e0f329208c325b356a6ac7d7d2e73e29c84","observation_id":"2ceb3db3-2215-424c-bb79-805593598dca","resolution":{"observed_at":"2026-08-01T19:27:08.232743Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:08.719225Z","title":"Lawrence R","venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2008,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:08.719225Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:ab66148e67e29a59519bfed9441bce37ab25ba6bd7394bd46ce3e182929b7308","observation_id":"5db74e1a-c106-4a3e-9086-23f2d0e788e8","resolution":{"observed_at":"2026-08-01T19:27:08.719225Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:07.464005Z","title":"Rama Cont and Lakshithe Wagalath","venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2009,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:07.464005Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:f2eee28a04320f48125e3ccda1108e54fa80bc3dde923292cd1cecc9cfa9840b","observation_id":"fe062f1d-0816-4cd2-9fbe-6961e1095685","resolution":{"observed_at":"2026-08-01T19:27:07.464005Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:08.407209Z","title":"Thomas Ho and Hans R","venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2010,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:08.407209Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:ddc846a2ed4622a5fe6070a8240eb3c9659308dfc48f4fc0526dabf18801385a","observation_id":"93a85098-193b-416d-9184-407e738dc65d","resolution":{"observed_at":"2026-08-01T19:27:08.407209Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:08.981420Z","title":"Xing Gao and Daniel Ladley","venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2012,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:08.981420Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:cfe503c5cabcce79eba897dff8eeb8da288996b0814d8694b7da4670ae9639a5","observation_id":"46961770-fb46-4a8d-8f4c-45b6b0d0189f","resolution":{"observed_at":"2026-08-01T19:27:08.981420Z","resolver_source":null,"status":"malformed_identifier"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:07.560246Z","title":"1467-9965.2011.00510.x","venue":null,"work_id":null,"year":2011},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2013,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:07.560246Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:f85b8fa275c180bdd728463ee230d945ee5888f2516fa50f167102e46447ca43","observation_id":"b5cc9fe8-03de-4ca2-87f3-b4f9634ccbf1","resolution":{"observed_at":"2026-08-01T19:27:07.560246Z","resolver_source":null,"status":"malformed_identifier"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:10.524679Z","title":"16 SanfordJ.GrossmanandMertonH.Miller","venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2014,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:10.524679Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:fc2b2e6c0cfcb4f8df1fef03a5e15f470597247a75ecfd88ea4560691f4a201b","observation_id":"6a247129-e56a-405f-8fe7-6d7d47769c35","resolution":{"observed_at":"2026-08-01T19:27:10.524679Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:09.441039Z","title":"Geir-Are Kårvik, Joseph Noss, Jack Worlidge, and Daniel Beale","venue":null,"work_id":null,"year":2015},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2015,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:09.441039Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:b87b44270f926b45cb10123a05afad4655ae6efee6cb593146552fc8aa27deb9","observation_id":"814c2354-f186-4086-a5a2-72ffc6f85f03","resolution":{"observed_at":"2026-08-01T19:27:09.441039Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:10.325889Z","title":"Vladimir Filimonov and Didier Sornette","venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2016,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:10.325889Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:8686a1614588268b038dc30fdd286969ebe09a48b7d03f3c2c81c9d9839d699c","observation_id":"7eb0ccd9-f5f3-4665-9293-555723c1be54","resolution":{"observed_at":"2026-08-01T19:27:10.325889Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:10.786301Z","title":"Albert J","venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2017,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:10.786301Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:f7a43088ecaf50ea037ad9ade6565df8d17024844e5a8fc6f953dfe4ce4e7483","observation_id":"dcb429d1-6a7e-4342-9160-78c3023fae9b","resolution":{"observed_at":"2026-08-01T19:27:10.786301Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:09.579665Z","title":"Andras Borsos, Adrian Carro, Aldo Glielmo, Marc Hinterschweiger, Jagoda Kaszowska- Mojsa, and Arzu Uluc","venue":null,"work_id":null,"year":2018},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2018,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:09.579665Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:95964f92edac98477d2e18f07de71fd029dd1447946f77551ef949f0b8495cfd","observation_id":"bda17ed1-9a34-4d6e-922e-1302b7955529","resolution":{"observed_at":"2026-08-01T19:27:09.579665Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":"10.1016/j.jedc.2018.12.008","metadata_source":"openalex","pith_arxiv_id":null,"snapshot_observed_at":"2026-08-05T02:28:24.338817Z","title":"15 Richard Bookstaber and Mark Paddrik","venue":"Journal of Economic Dynamics and Control","work_id":"6ac5f993-0ca4-4e43-9a50-c3d8016bc9e6","year":2018},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2019,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:09.301455Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:ab9201f8d1f114e2facc60bd3e71d0e5b3cf0ae2b9277005f8103ea8d08be320","observation_id":"d3ed4e87-6537-4de7-95cf-f27dc11fb0c9","resolution":{"observed_at":"2026-08-01T19:28:23.597726Z","resolver_source":"doi","status":"verified_exact"},"standing_notice":{"events":[],"observation":"No event found in the named queried sources as of 2026-08-15T06:32:42.880941+00:00.","reason":null,"source_receipts":[{"observed_at":"2026-08-15T06:32:42.880941+00:00","source":"crossref"},{"observed_at":"2026-08-15T06:32:39.529945+00:00","source":"retraction_watch"}],"state":"measured"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:09.817192Z","title":"finmar.2020.100559","venue":null,"work_id":null,"year":2020},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2020,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:09.817192Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:4d06435893da13270f7af784dd3c8a1b55adaf24031ce014a38fb4e08aa26be6","observation_id":"24fe94c6-bd64-4b5d-b150-2b0e00146044","resolution":{"observed_at":"2026-08-01T19:27:09.817192Z","resolver_source":null,"status":"malformed_identifier"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:09.148018Z","title":"Alberto Ciacci, Takumi Sueshige, Hideki Takayasu, Kim Christensen, and Misako Takayasu","venue":null,"work_id":null,"year":2022},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2022,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:09.148018Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:03f5518e95cd98edd9cba0bfe5e6c47e528bfbfc1cbdf912b8108d6226fb8f55","observation_id":"a6462130-db48-493c-beeb-750f16659e2b","resolution":{"observed_at":"2026-08-01T19:27:09.148018Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":{"arxiv_id":"2412.11259","last_updated":"2024-12-15T17:44:35Z","snapshot_observed_at":"2026-08-13T07:16:07.612675Z","submitted_at":"2024-12-15T17:44:35Z","title":"Navigating through Economic Complexity: Phase Diagrams & Parameter Sloppiness","version":1},"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":"2412.11259","snapshot_observed_at":"2026-08-01T19:27:10.095822Z","title":"Jean-Philippe Bouchaud","venue":null,"work_id":null,"year":null},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2024,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:10.095822Z"},"links":{"cited_paper":"/paper/2412.11259","citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:3bf4c362b00543cf4b92b3b111b8336d4e2df0bbaed8e4db5c27b77b768f8daa","observation_id":"a7ade20d-65e3-47f1-9e1b-9fa75ecb7d94","resolution":{"observed_at":"2026-08-01T19:27:10.095822Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":{"arxiv_id":"2505.15296","last_updated":"2025-05-21T09:25:32Z","snapshot_observed_at":"2026-08-09T10:38:51.431825Z","submitted_at":"2025-05-21T09:25:32Z","title":"Agent-based Liquidity Risk Modelling for Financial Markets","version":1},"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":"2505.15296","snapshot_observed_at":"2026-08-01T19:27:09.693697Z","title":"Perukrishnen Vytelingum, Rory Baggott, Namid Stillman, Jianfei Zhang, Dingqiu Zhu, Tao Chen, and Justin Lyon","venue":null,"work_id":null,"year":2025},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2025,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:09.693697Z"},"links":{"cited_paper":"/paper/2505.15296","citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:7801f4798e8ab6562b531a1e666b5f0ae30b8c2a239eece28e35a62801b6cade","observation_id":"eb27d960-4618-45a4-9100-9288828a5874","resolution":{"observed_at":"2026-08-01T19:27:09.693697Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}},{"citation":{"cited_paper":null,"cited_work":{"arxiv_id":null,"doi":null,"metadata_source":null,"pith_arxiv_id":null,"snapshot_observed_at":"2026-08-01T19:27:09.969525Z","title":"Kang Gao, Perukrishnen Vytelingum, Stephen Weston, Wayne Luk, and Ce Guo","venue":null,"work_id":null,"year":2022},"citing_paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity","version":1},"reference_index":2026,"source":"pdf_text","source_observed_at":"2026-08-01T19:27:09.969525Z"},"links":{"citing_paper":"/paper/2607.16970"},"observation_digest":"sha256:b99325ad7d8e7e79e5592c2f46f795813526bd3d958f5561c018c850604d5d64","observation_id":"9811b536-49a6-46d1-ada0-9108483f8981","resolution":{"observed_at":"2026-08-01T19:27:09.969525Z","resolver_source":null,"status":"unresolved"},"standing_notice":{"events":[],"reason":"canonical_work_link_unavailable","source_receipts":[],"state":"unavailable"}}],"paper":{"arxiv_id":"2607.16970","last_updated":"2026-07-18T21:10:15Z","latest_version":1,"primary_category":"q-fin.TR","snapshot_observed_at":"2026-08-09T10:39:17.429243Z","submitted_at":"2026-07-18T21:10:15Z","title":"Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity"},"reference_resolution":{"displayed":31,"state_counts":{"malformed_identifier":4,"metadata_mismatch":0,"parse_uncertain":0,"unresolved":25,"verified_exact":2,"verified_fuzzy":0},"total_outbound_references":31},"refusal":"A citation records a reference. It does not transfer a finding from one paper to another.","schema":"pith.paper-citation-record.v1","standing_sources":[{"observed_at":"2026-08-15T06:32:42.880941+00:00","source":"crossref"},{"observed_at":"2026-08-15T06:32:39.529945+00:00","source":"retraction_watch"}],"thesis":"As of 15 August 2026, this Paper Citation Record lists 31 of 31 outbound references and 0 inbound Pith citation observations for arXiv:2607.16970."}