5 citations · 7 across the 4 of their papers we have counts for
4 papers
The Instability of Markets
Tad Hogg, Bernardo A. Huberman, Michael Youssefmir
Recent developments in the global liberalization of equity and currency markets, coupled to advances in trading technologies, are making markets increasingly interdependent. This i…
Clustered Volatility in Multiagent Dynamics
Michael Youssefmir, Bernardo Huberman
Large distributed multiagent systems are characterized by vast numbers of agents trying to gain access to limited resources in an unpredictable environment. Agents in these system…
Bubbles and Market Crashes
Michael Youssefmir, Bernardo Huberman, Tad Hogg
We present a dynamical theory of asset price bubbles that exhibits the appearance of bubbles and their subsequent crashes. We show that when speculative trends dominate over fundam…
Local Controls for Large Assemblies of Nonlinear Elements
Michael Youssefmir, Bernardo Huberman
We introduce a set of local procedures that are capable of controlling distributed systems that exhibit complex dynamical behavior. These local controllers need only perturb local…