This review presents a general theory of financial crashes and of stock market instabilities
that his co-workers and the author have developed over the past seven years. We start by …

The scientific study of complex systems has transformed a wide range of disciplines in
recent years, enabling researchers in both the natural and social sciences to model and …

This research study examines the factors that determined economic growth measured by
gross domestic product, gross value added, final consumption expenditure of households …

Herding is one of the most important concepts in cognitive economics, especially as applied
to financial markets. This paper presents an interdisciplinary integrative literature review of …

In the last few years there have been many efforts in econophysics studying how network
theory can facilitate understanding of complex financial markets. These efforts consist mainly …

Fat-tail distributions of sizes abound in natural, physical, economic, and social systems. The
lognormal and the power laws have historically competed for recognition with sometimes …

Drawdowns are essential aspects of risk assessment in investment management. They offer
a more natural measure of real market risks than the variance or other cumulants of daily (or …

The financial crisis of 2008, which started with an initially well-defined epicenter focused on
mortgage backed securities (MBS), has been cascading into a global economic recession …

Based on the historical data of crude oil, diesel and gasoline markets during November
2001–December 2015, this paper employs the state-space model and log-periodic power …

We propose here a multiplex network approach to investigate simultaneously different types
of dependency in complex datasets. In particular, we consider multiplex networks made of …