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arxiv: math/0501248 · v1 · submitted 2005-01-16 · 🧮 math.PR

Properties of a renewal process approximation for a spin market model

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keywords marketmodelspinapproximationchangesconstantcouplingdependence
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In this short note we investigate the natur of the phase transitions in a spin market model as a function of the interaction strength between local and global effects. We find that the stochastic dynamics of this stylized market model exhibit a periodicity whose dependence on the coupling constant in the Ising-like Hamiltonian is robust to changes in the temperature and the size of the market.

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