The principle of increasing entropy (PIE) is commonly considered as a universal physical
law for natural systems. It also means that a non-equilibrium steady state (NESS) must not …

We investigate the structure of the profit landscape obtained from the most basic, fluctuation
based, trading strategy applied for the daily stock price data. The strategy is parameterized …

This paper studies the trading volumes and wealth distribution of a novel agent-based
model of an artificial financial market. In this model, heterogeneous agents, behaving …

Dynamical systems based on the minority game (MG) have been a paradigm for gaining
significant insights into a variety of social and biological behaviors. Recently, a grouping …

Here we present a novel approach to statistical analysis of financial time series. The
approach is based on $ n $-grams frequency dictionaries derived from the quantized market …

Figure 1: King Henry VIII and the Barber Surgeons by Hans Holbein the Younger. Medieval
guilds played negative as well as positive roles by rigging the economy: They acted as …

Chronic musculoskeletal (MSK) pain, defined as a condition persisting for at least three
months, affects bones, muscles, ligaments and joints and results from underlying diseases …

Trichet, the recent economic crisis has highlighted the limitations of the existing economic
and financial models, which had been incapable of predicting and explaining its driving …

We consider a simplified version of the Wealth Game, which is an agent-based financial
market model with many interesting features resembling the real stock market. Market …