scholarly journals Quantum coupled-wave theory of price formation in financial markets: Price measurement, dynamics and ergodicity

2020 ◽  
Vol 554 ◽  
pp. 124300 ◽  
Author(s):  
Jack Sarkissian
2012 ◽  
Vol 29 (3) ◽  
pp. 382 ◽  
Author(s):  
I-Lin Ho ◽  
Ming-Tsung Lee ◽  
Yia-Chung Chang

Author(s):  
Takeshi Tokunaga ◽  
Koji Mori ◽  
Hiroko Kadowaki ◽  
Takashi Saito

Abstract A gradient of a blood flow velocity on the surface of a blood vessel is one of the clinical medicine concerns from the view point of prevention of the arteriosclerosis. In previous study, we formulated a relationship between the pressure and a flow velocity based on the coupled wave theory of elastic pipes and Newtonian fluids [1]. In addition, a flow velocity distribution and a wall shear stress are estimated by using the blood pressure data, which are non-invasively obtained by the tonometry method. This method is quasi-analytical method to apply the coupled wave theory for industrial flow field inside steel pipes proposed by Urata [4] to blood vessel, and has the advantage of systematic estimator compared with the numerical calculation. However, the coupled wave theory has applied to the elastic pipes that were assumed to be infinitely long. In addition, a single wave was assumed to be dominant within the elastic pipes and the Newtonian fluids. Therefore, in order to apply various length vessels in clinical field, the boundary of the blood vessels that varies from site to site, and the natural vibration characteristics that depend on the boundary conditions, could not be reflected in the wall shear stress estimation. In general, in order to solve the forced vibration with the boundary condition, it is necessary to clarify natural frequency and natural mode as natural vibration characteristics of structure. In this study, we introduce the spring supported elastic pipes to the coupled wave theory and formulated a relationship between the natural vibration characteristics and the boundary conditions. In this proposed method, the spring-supported elastic pipe has a feature that can be treated as an arbitrary boundary condition of an artery by giving an appropriate spring coefficients. Therefore, it is easy to apply to various types of blood vessels clinically. By investigating the natural vibration characteristics of blood vessels that varies from site to site, it may be possible to clarify fluctuations of blood flow in response to blood pressure with some frequency-bands. In addition, natural angular frequencies and natural modes of the spring supported elastic pipes and the Newtonian fluids were estimated for general blood vessel based on the coupled wave theory. In the result, the natural angular frequencies and the natural modes that reflect the clinical vibration characteristics to some extent can be estimated. On the other hand, particular modes may not reflect boundary condition, and further examination of the relationship between natural vibration characteristics and boundary condition is needed.


2019 ◽  
Vol 18 (2) ◽  
pp. 268-295
Author(s):  
David Peón ◽  
Manel Antelo ◽  
Anxo Calvo

Purpose The efficient market hypothesis (EMH) states that asset prices in financial markets always reflect all available information about economic fundamentals. The purpose of this paper is to provide a guide as to which predictions of the EMH seem to be borne out by empirical evidence. Design/methodology/approach Rather than following the classic three groups of tests for the different forms of EMH that are common in the literature, the authors consider how the two alternative definitions of the EMH and the joint hypothesis problem impact on the tests and leave the controversy unsolved. The authors briefly report the antecedents, the main theoretical and empirical contributions and recent literature on each type of tests. Findings Eventually, as a summary for each type of tests, the authors provide a critical view on the main sources of acrimony between the alternative schools of thought in understanding asset price formation. Originality/value The paper may be seen as an up-to-date introductory review for researchers on the different tests of the EMH performed, and for newcomers to understand the key sources of acrimony between rationalists and behaviorists.


2011 ◽  
Author(s):  
L. Alberto Estepa ◽  
Cristian Neipp ◽  
Jorge Francés ◽  
Andrés Márquez ◽  
Sergio Bleda ◽  
...  

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