Please use this identifier to cite or link to this item: http://repositorio.unicamp.br/jspui/handle/REPOSIP/242351
Type: Artigo
Title: Anticipating economic market crises using measures of collective panic
Author: Harmon, D.
Lagi, M.
Aguiar, M. A. M. de
Chinellato, D. D.
Braha, D.
Epstein, I. R.
Bar-Yam, Y.
Abstract: Predicting panic is of critical importance in many areas of human and animal behavior, notably in the context of economics. The recent financial crisis is a case in point. Panic may be due to a specific external threat or self-generated nervousness. Here we show that the recent economic crisis and earlier large single-day panics were preceded by extended periods of high levels of market mimicry-direct evidence of uncertainty and nervousness, and of the comparatively weak influence of external news. High levels of mimicry can be a quite general indicator of the potential for self-organized crises.
Predicting panic is of critical importance in many areas of human and animal behavior, notably in the context of economics. The recent financial crisis is a case in point. Panic may be due to a specific external threat or self-generated nervousness. Here we show that the recent economic crisis and earlier large single-day panics were preceded by extended periods of high levels of market mimicry-direct evidence of uncertainty and nervousness, and of the comparatively weak influence of external news. High levels of mimicry can be a quite general indicator of the potential for self-organized crises.
Subject: Mercado financeiro
Finanças
Análise de covariância
Country: Estados Unidos
Editor: Public Library of Science
Citation: Anticipating Economic Market Crises Using Measures Of Collective Panic. Public Library Science, v. 10, p. Jul-2015.
Rights: aberto
Identifier DOI: 10.1371/journal.pone.0131871
Address: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0131871
Date Issue: 2015
Appears in Collections:IFGW - Artigos e Outros Documentos

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