This paper applies a price-volume probability wave differential equation to examine an interacting traders’ preference hypothesis using tick-by-tick high frequency data in Chinese stock market, and provides a new behavioral interpretation on the market dynamic equilibrium. We select intraday...

This is the revised presentation slides for the paper entitled “what is the underlying coherent behavior in market dynamic equilibrium?” after we have got feedbacks from anonymous referees, discussants, session chairs, and participants at 2022 Economics of Financial Technology Conference...

A complex system consists of a lot of interactive individuals, agents, or units. It occurs widely but is hard to model in both natural and social sciences. Its behavior is neither regular nor random. However, it has some kinds of structures which capture our interesting to study. We can apply...

We study individual coherent preferences underlying asset prices and propose a set of explicit models for nonlinear V-shaped price pressure utility in a new framework. Coherent preferences are consistent interactive choices between momentum trading and reversal trading in stock market where...

The financial market and turbulence have been broadly compared on account of the same quantitative methods and several common stylized facts they shared. In this paper, the She-Leveque (SL) hierarchy, proposed to explain the anomalous scaling exponents deviated from Kolmogorov monofractal...

In society, many problems can be understood as multitasking process with multiplayer (MPM). Choosing different strategies or different orders in processing tasks, an individual will spend a different amount of time to complete all the tasks. Therefore, a good strategy or a good order can help an...

This paper studies phase diagrams of traffic states induced by the bottleneck of an unsignalized intersection which consists of two perpendicular one-lane roads. Parallel updates rules are employed for both roads. At the crossing point, in order to avoid colliding, the consideration of yield...

When planning for the evacuation guidance, how to efficiently set the trained evacuation leaders is an important problem which has great impact on the evacuation process. This paper investigates the effect of the number and positions of evacuation leaders on the evacuation dynamics in rooms with...