(From Business Line)
The study found that the patterns followed by the stock market are similar to 'power laws' that describe the mathematical relationships between the frequency of large and small events.
THIRUVANANTHAPURAM, June 7. FOR years, stock market players the world over have been hampered by their inability to predict the occurrence of a large-scale event.
But recent research by an interdisciplinary team of economists and physicists from the Massachusetts Institute of Technology (MIT) and Boston University reveals that large-scale events in the stock market adhere to distinct patterns. This, the researchers believe, makes it possible to …