21 citations · 45 across the 6 of their papers we have counts for
11 papers
A New Kind of Finance
Philip Z. Maymin
Finance has benefited from the Wolfram's NKS approach but it can and will benefit even more in the future, and the gains from the influence may actually be concentrated among pract…
Constructing the Best Trading Strategy: A New General Framework
Philip Z. Maymin, Zakhar G. Maymin
We introduce a new general framework for constructing the best trading strategy for a given historical indicator. We construct the unique trading strategy with the highest expected…
Schizophrenic Representative Investors
Philip Z. Maymin
Representative investors whose behaviour is modelled by a deterministic finite automaton generate complexity both in the time series of each asset and in the cross-sectional correl…
Any Regulation of Risk Increases Risk
Philip Z. Maymin, Zakhar G. Maymin
We show that any objective risk measurement algorithm mandated by central banks for regulated financial entities will result in more risk being taken on by those financial entities…
The Hazards of Propping Up: Bubbles and Chaos
Philip Maymin
In the current environment of financial distress, many governments are likely to soon become major holders of financial assets, but the policy debate focuses only on the likelihood…
Regulation Simulation
Philip Maymin
A deterministic trading strategy by a representative investor on a single market asset, which generates complex and realistic returns with its first four moments similar to the emp…