Empirical Study on Fluctuation Theorem for Volatility Cascade Processes in Stock Markets

This study investigates the properties of financial markets that arise from the multi-scale structure of volatility, particularly intermittency, by employing robust theoretical tools from nonequilibrium thermodynamics. Intermittency in velocity fields along spatial and temporal axes is a well-known...

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Bibliographic Details
Main Author: Jun-ichi Maskawa
Format: Article
Language:English
Published: MDPI AG 2025-04-01
Series:Entropy
Subjects:
Online Access:https://www.mdpi.com/1099-4300/27/4/435
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