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Results for “Minsky” · papers 4 · wiki 1
Academic Papers · 4arXiv q-fin live 4 · desk corpus 0
arXiv · arXiv q-fin · 2015
Solomon and Golo [1] have recently proposed an autocatalytic (self-reinforcing) feedback model which couples a macroscopic system parameter (the interest rate), a microscopic parameter that measures the distribution of the states of the individual agents (the number of firms in financial difficulty) and a peer-to-peer network effect (contagion across supply chain financing). In this model, each financial agent is cha…
Natasa Golo, David S. Bree, Guy Kelman, Leanne Usher, Marco Lamieri
arXiv · arXiv q-fin · 2014
We study analytically and numerically Minsky instability as a combination of top-down, bottom-up and peer-to-peer positive feedback loops. The peer-to-peer interactions are represented by the links of a network formed by the connections between firms, contagion leading to avalanches and percolation phase transitions propagating across these links. The global parameter in the top-bottom, bottom-up feedback loop is the…
Sorin Solomon, Natasa Golo
arXiv · arXiv q-fin · 2024
Large language models (LLMs) have drastically changed the possible ways to design intelligent systems, shifting the focuses from massive data acquisition and new modeling training to human alignment and strategical elicitation of the full potential of existing pre-trained models. This paradigm shift, however, is not fully realized in financial sentiment analysis (FSA), due to the discriminative nature of this task an…
Frank Xing
arXiv · arXiv q-fin · 2010
In both finance and economics, quantitative models are usually studied as isolated mathematical objects --- most often defined by very strong simplifying assumptions concerning rationality, efficiency and the existence of disequilibrium adjustment mechanisms. This raises the important question of how sensitive such models might be to real-world effects that violate the assumptions. We show how the consequences of rat…
Harbir Lamba
Option Blackboard · 0
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