32 citations · 53 across the 7 of their papers we have counts for
6 papers · 1 filter
Price equations with symmetric supply/demand; implications for fat tails
Carey Caginalp, Gunduz Caginalp
Implementing a set of microeconomic criteria, we develop price dynamics equations using a function of demand/supply with key symmetry properties. The function of demand/supply can…
A Dynamical Systems Approach to Cryptocurrency Stability
Carey Caginalp
Recently, the notion of cryptocurrencies has come to the fore of public interest. These assets that exist only in electronic form, with no underlying value, offer the owners some p…
Cryptocurrency Equilibria Through Game Theoretic Optimization
Carey Caginalp, Gunduz Caginalp
Optimization methods are used to determine equilibria of investment in cryptocurrencies. The basic assumptions involve existence of a core group (the "wealthy") that fears the loss…
Valuation, Liquidity Price, and Stability of Cryptocurrencies
Carey Caginalp, Gunduz Caginalp
Cryptocurrencies are examined through the asset flow equations and experimental asset markets. Since tangible value of a typical cryptocurrency is non-existent, the theory suggests…
The Quotient of Normal Random Variables And Application to Asset Price Fat Tails
Carey Caginalp, Gunduz Caginalp
The quotient of random variables with normal distributions is examined and proven to have have power law decay, with density , with the coeffic…
Asset Price Volatility and Price Extrema
Carey Caginalp, Gunduz Caginalp
The relationship between price volatilty and a market extremum is examined using a fundamental economics model of supply and demand. By examining randomness through a microeconomic…