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Critical Market Crashes by D. Sornette
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Critical Market Crashes
by D. Sornette
Publisher: arXiv 2003
Number of pages: 91
This review presents a general theory of financial crashes and of stock market instabilities that his co-workers and the author have developed over the past seven years. We start by discussing the limitation of standard analyses for characterizing how crashes are special. We conclude by presenting our view of the organization of financial markets.