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physics.soc-ph2025
Ornstein-Uhlenbeck Process for Horse Race Betting: A Micro-Macro Analysis of Herding and Informed Bettors
Tomoya Sugawara, Shintaro Mori
We model the time evolution of single win odds in Japanese horse racing as a stochastic process, deriving an Ornstein--Uhlenbeck process by analyzing the probability dynamics of vo…
physics.soc-ph2024
Information cascade on networks and phase transitions
Masato Hisakado, Kazuaki Nakayama, Shintaro Mori
Herein, we consider a voting model for information cascades on several types of networks -- a random graph, the Barabási-Albert(BA) model, and lattice networks -- by using one par…