Symmetry and financial Markets

Jørgen Vitting Andersen () and Andrzej Nowak
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Jørgen Vitting Andersen: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, CNRS - Centre National de la Recherche Scientifique
Andrzej Nowak: UW - Uniwersytet Warszawski [Polska] = University of Warsaw [Poland] = Université de Varsovie [Pologne]

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Abstract: It is hard to overstate the importance that the concept of symmetry has had in every field of physics, a fact alluded to by the Nobel Prize winner P.W. Anderson, who once wrote that "physics is the study of symmetry". Whereas the idea of symmetry is widely used in science in general, very few (if not almost no) applications has found its way into the field of finance. Still, the phenomenon appears relevant in terms of for example the symmetry of strategies that can happen in the decision making to buy or sell financial shares. Game theory is therefore one obvious avenue where to look for symmetry, but as will be shown, also technical analysis and long term economic growth could be phenomena which show the hallmark of a symmetry.

Keywords: Agent-based modelling; Game theory; Ginzburg-Landau theory; financial symmetry (search for similar items in EconPapers)
Date: 2020-07
New Economics Papers: this item is included in nep-cmp and nep-gth
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03048686v1
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Published in 2020

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Related works:
Working Paper: Symmetry and financial Markets (2020)
Working Paper: Symmetry and financial Markets (2020)
Working Paper: Symmetry and financial Markets (2020)
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