Are financial crashes predictable?
- 1 January 1999
- journal article
- Published by IOP Publishing in Europhysics Letters
- Vol. 45 (1) , 1-5
- https://doi.org/10.1209/epl/i1999-00122-9
Abstract
We critically review recent claims that financial crashes can be predicted using the idea of log-periodic oscillations or by other methods inspired by the physics of critical phenomena. In particular, the October 1997 `correction' does not appear to be the accumulation point of a geometric series of local minima.Keywords
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