30 citations · 76 across the 6 of their papers we have counts for
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cond-mat.stat-mech2002★ 22 cited
Volatility Cluster and Herding
Friedrich Wagner
Stock markets can be characterized by fat tails in the volatility distribution, clustering of volatilities and slow decay of their time correlations. For an explanation models with…
cond-mat.stat-mech2001★ 30 cited
Stability of money: Phase transitions in an Ising economy
Stefan Bornholdt, Friedrich Wagner
The stability of money value is an important requisite for a functioning economy, yet it critically depends on the actions of participants in the market themselves. Here we model t…