{"id":"https://openalex.org/W2149981023","doi":"https://doi.org/10.1142/s0129053396000082","title":"THE COMPLEX DYNAMICS OF A SIMPLE STOCK MARKET MODEL","display_name":"THE COMPLEX DYNAMICS OF A SIMPLE STOCK MARKET MODEL","publication_year":1996,"publication_date":"1996-03-01","ids":{"openalex":"https://openalex.org/W2149981023","doi":"https://doi.org/10.1142/s0129053396000082","mag":"2149981023"},"language":"en","primary_location":{"id":"doi:10.1142/s0129053396000082","is_oa":false,"landing_page_url":"https://doi.org/10.1142/s0129053396000082","pdf_url":null,"source":{"id":"https://openalex.org/S112418432","display_name":"International Journal of High Speed Computing","issn_l":"0129-0533","issn":["0129-0533"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319815","host_organization_name":"World Scientific","host_organization_lineage":["https://openalex.org/P4310319815"],"host_organization_lineage_names":["World Scientific"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of High Speed Computing","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5036543091","display_name":"Moshe Levy","orcid":"https://orcid.org/0000-0002-2570-6128"},"institutions":[{"id":"https://openalex.org/I197251160","display_name":"Hebrew University of Jerusalem","ror":"https://ror.org/03qxff017","country_code":"IL","type":"education","lineage":["https://openalex.org/I197251160"]}],"countries":["IL"],"is_corresponding":false,"raw_author_name":"MOSHE LEVY","raw_affiliation_strings":["Racah Institute of Physics, Hebrew University, Jerusalem, Israel, Mount Scopus, 91905 Jerusalem, Israel"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Racah Institute of Physics, Hebrew University, Jerusalem, Israel, Mount Scopus, 91905 Jerusalem, Israel","institution_ids":["https://openalex.org/I197251160"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5030715130","display_name":"N. Persky","orcid":null},"institutions":[{"id":"https://openalex.org/I197251160","display_name":"Hebrew University of Jerusalem","ror":"https://ror.org/03qxff017","country_code":"IL","type":"education","lineage":["https://openalex.org/I197251160"]}],"countries":["IL"],"is_corresponding":false,"raw_author_name":"NATHAN PERSKY","raw_affiliation_strings":["Racah Institute of Physics, Hebrew University, Jerusalem, Israel, Mount Scopus, 91905 Jerusalem, Israel"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Racah Institute of Physics, Hebrew University, Jerusalem, Israel, Mount Scopus, 91905 Jerusalem, Israel","institution_ids":["https://openalex.org/I197251160"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5109412732","display_name":"Sorin Solomon","orcid":null},"institutions":[{"id":"https://openalex.org/I197251160","display_name":"Hebrew University of Jerusalem","ror":"https://ror.org/03qxff017","country_code":"IL","type":"education","lineage":["https://openalex.org/I197251160"]}],"countries":["IL"],"is_corresponding":false,"raw_author_name":"SORIN SOLOMON","raw_affiliation_strings":["Racah Institute of Physics, Hebrew University, Jerusalem, Israel, Mount Scopus, 91905 Jerusalem, Israel"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Racah Institute of Physics, Hebrew University, Jerusalem, Israel, Mount Scopus, 91905 Jerusalem, Israel","institution_ids":["https://openalex.org/I197251160"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I197251160"],"apc_list":null,"apc_paid":null,"fwci":5.3179,"has_fulltext":false,"cited_by_count":35,"citation_normalized_percentile":{"value":0.95616731,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":98},"biblio":{"volume":"08","issue":"01","first_page":"93","last_page":"113"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9929999709129333,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9929999709129333,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10064","display_name":"Complex Network Analysis Techniques","score":0.9513000249862671,"subfield":{"id":"https://openalex.org/subfields/3109","display_name":"Statistical and Nonlinear Physics"},"field":{"id":"https://openalex.org/fields/31","display_name":"Physics and Astronomy"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T12592","display_name":"Opinion Dynamics and Social Influence","score":0.9366999864578247,"subfield":{"id":"https://openalex.org/subfields/3109","display_name":"Statistical and Nonlinear Physics"},"field":{"id":"https://openalex.org/fields/31","display_name":"Physics and Astronomy"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/boom","display_name":"Boom","score":0.7277440428733826},{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.6797448992729187},{"id":"https://openalex.org/keywords/homogeneous","display_name":"Homogeneous","score":0.5585623979568481},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.5492860078811646},{"id":"https://openalex.org/keywords/population","display_name":"Population","score":0.5170803070068359},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.5110000371932983},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.439753919839859},{"id":"https://openalex.org/keywords/stock","display_name":"Stock (firearms)","score":0.4224855601787567},{"id":"https://openalex.org/keywords/statistical-physics","display_name":"Statistical physics","score":0.25936609506607056},{"id":"https://openalex.org/keywords/physics","display_name":"Physics","score":0.12803393602371216},{"id":"https://openalex.org/keywords/geography","display_name":"Geography","score":0.10232964158058167},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.08218932151794434}],"concepts":[{"id":"https://openalex.org/C141441539","wikidata":"https://www.wikidata.org/wiki/Q1970908","display_name":"Boom","level":2,"score":0.7277440428733826},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.6797448992729187},{"id":"https://openalex.org/C66882249","wikidata":"https://www.wikidata.org/wiki/Q169336","display_name":"Homogeneous","level":2,"score":0.5585623979568481},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5492860078811646},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.5170803070068359},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5110000371932983},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.439753919839859},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.4224855601787567},{"id":"https://openalex.org/C121864883","wikidata":"https://www.wikidata.org/wiki/Q677916","display_name":"Statistical physics","level":1,"score":0.25936609506607056},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.12803393602371216},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.10232964158058167},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.08218932151794434},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C87717796","wikidata":"https://www.wikidata.org/wiki/Q146326","display_name":"Environmental engineering","level":1,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1142/s0129053396000082","is_oa":false,"landing_page_url":"https://doi.org/10.1142/s0129053396000082","pdf_url":null,"source":{"id":"https://openalex.org/S112418432","display_name":"International Journal of High Speed Computing","issn_l":"0129-0533","issn":["0129-0533"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319815","host_organization_name":"World Scientific","host_organization_lineage":["https://openalex.org/P4310319815"],"host_organization_lineage_names":["World Scientific"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of High Speed Computing","raw_type":"journal-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.195.596","is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.195.596","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.multiagent.org/LePS95.pdf","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.26.2682","is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.26.2682","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.ge.infm.it/~ecph/papers/solomonpapers/stock_ex_model.ps.gz","raw_type":"text"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W3161710089","https://openalex.org/W2353620890","https://openalex.org/W2353579321","https://openalex.org/W3130795706","https://openalex.org/W3049366059","https://openalex.org/W2088384090","https://openalex.org/W3087499667","https://openalex.org/W2537816284","https://openalex.org/W2383202214","https://openalex.org/W2370669686"],"abstract_inverted_index":{"We":[0,87],"formulate":[1],"a":[2,18,79],"microscopic":[3],"model":[4],"of":[5,20,37,71,95,119,147],"the":[6,11,40,59,64,69,76,96,104,120,128,137],"stock":[7,28,97,121,133],"market":[8,19,60,77,122,124,130],"and":[9,25,116,140],"study":[10],"resulting":[12],"macroscopic":[13],"phenomena":[14],"via":[15],"simulation.":[16],"In":[17],"homogeneous":[21],"investors":[22,38],"periodic":[23],"booms":[24],"crashes":[26],"in":[27,39,44],"price":[29],"are":[30,34],"obtained.":[31],"When":[32,68],"there":[33],"two":[35],"types":[36],"market,":[41],"differing":[42],"only":[43],"their":[45],"memory":[46],"spans,":[47],"we":[48],"observe":[49],"sharp":[50],"irregular":[51],"transitions":[52],"between":[53],"eras":[54,62],"where":[55,63],"one":[56],"population":[57,66],"dominates":[58],"to":[61,103,127],"other":[65],"dominates.":[67],"number":[70],"investor":[72],"subgroups":[73],"is":[74,91],"three":[75],"undergoes":[78],"dramatic":[80],"qualitative":[81],"change":[82],"-":[83],"it":[84],"becomes":[85],"complex.":[86],"show":[88],"that":[89],"complexity":[90],"an":[92,101],"intrinsic":[93],"property":[94],"market.":[98],"This":[99],"suggests":[100],"alternative":[102],"widely":[105],"accepted":[106],"but":[107],"empirically":[108],"questionable":[109],"random":[110],"walk":[111],"hypothesis.":[112],"Introduction":[113],"Most":[114],"economic":[115],"financial":[117],"models":[118],"discuss":[123],"equilibrium.":[125],"According":[126],"efficient":[129],"theory":[131],"equilibrium":[132],"prices":[134],"reflect":[135],"all":[136,141],"available":[138],"information":[139],"investors'":[142],"preferences":[143],"[1-6].":[144],"The":[145],"notion":[146],"static":[148],"equi...":[149]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2014,"cited_by_count":3}],"updated_date":"2026-06-26T08:34:08.712188","created_date":"2025-10-10T00:00:00"}