Critique and comment. Zeeman's unstable stock exchange


Journal Article

The stock market is a simple market system. Zeeman's dynamic analysis, using catastrophe theory, of stock prices is shown to be equivalent to a standard economic model in which price movements produce deviation—amplifying feedbacks. Zeeman's catastrophe result in this system is thus based on an implicit assumption of irrational behavior. Copyright © 1983 John Wiley & Sons, Ltd.

Full Text

Duke Authors

Cited Authors

  • Weintraub, ER

Published Date

  • January 1, 1983

Published In

Volume / Issue

  • 28 / 1

Start / End Page

  • 79 - 83

Electronic International Standard Serial Number (EISSN)

  • 1099-1743

International Standard Serial Number (ISSN)

  • 0005-7940

Digital Object Identifier (DOI)

  • 10.1002/bs.3830280109

Citation Source

  • Scopus