Turbulence, monetization and universality in financial markets

OMI Seminar Series

Financial systems exhibit turbulence analogous to that seen in physical and biological systems. The presence of turbulence is an inherently out-of-equilibrium event which is monetizable, and the dissipation of this turbulence appears to exhibit sharp universal features. We will summarize the evidence. This is work with Tim Leung of Columbia University.


Mike Lipkin (Columbia University)

Monday, October 21, 2013 - 10:00
to 11:00