50 citations · 503 across the 39 of their papers we have counts for
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The consentaneous model of the financial markets exhibiting spurious nature of long-range memory
Vygintas Gontis, Aleksejus Kononovicius
It is widely accepted that there is strong persistence in the volatility of financial time series. The origin of the observed persistence, or long-range memory, is still an open pr…
Modeling of the parties' vote share distributions
A. Kononovicius
Competition between varying ideas, people and institutions fuels the dynamics of socio-economic systems. Numerous analyses of the empirical data extracted from different financial…
Spurious memory in non-equilibrium stochastic models of imitative behavior
Vygintas Gontis, Aleksejus Kononovicius
The origin of the long-range memory in the non-equilibrium systems is still an open problem as the phenomenon can be reproduced using models based on Markov processes. In these cas…
Empirical analysis and agent-based modeling of Lithuanian parliamentary elections
A. Kononovicius
In this contribution we analyze a parties' vote share distribution across the polling stations during the Lithuanian parliamentary elections of 1992, 2008 and 2012. We find that th…
Burst and inter-burst duration statistics as empirical test of long-range memory in the financial markets
V. Gontis, A. Kononovicius
We address the problem of long-range memory in the financial markets. There are two conceptually different ways to reproduce power-law decay of auto-correlation function: using fra…