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Regular version of the site

Book chapter

Crisis Forecasting in Ask and Bid Prices Formation Systems in Case of Precious Metals

P. 11-18.

We proposed the nonlinear dynamic model of the formation of the market prices of precious metals based on the econophysic considerations. This model is a system of three ordinary differential equations relating the time dependence of elasticity, variations of bid and ask prices; it is similar to the Lorenz system. The areas of the dynamic stochasticity in experimental data were found with the comparing of the experimental and the theoretical ask and bid prices. These areas are the precursors of the crisis mode in the form of dynamic chaos.

In book

Crisis Forecasting in Ask and Bid Prices Formation Systems in Case of Precious Metals
Edited by: C. Cobanoglu, S. Ongan. Sarasota: University of South Florida Sarasota-Manatee, 2014.