2 papers
q-fin.ST2025
Multivariate Distributions in Non-Stationary Complex Systems II: Empirical Results for Correlated Stock Markets
Anton J. Heckens, Efstratios Manolakis, Cedric Schuhmann +1
Multivariate Distributions are needed to capture the correlation structure of complex systems. In previous works, we developed a Random Matrix Model for such correlated multivariat…
q-fin.TR2025
A New Traders' Game? -- Empirical Analysis of Response Functions in a Historical Perspective
Cedric Schuhmann, Benjamin Köhler, Anton J. Heckens +1
Traders on financial markets generate non-Markovian effects in various ways, particularly through their competition with one another which can be interpreted as a game between diff…