Wydarzenia

Seminarium Instytutu Fizyki Teoretycznej Uniwersytetu Wrocławskiego

Fractals and Agents in Economics: the case of Bitcoin

dr hab. Paweł Oświęcimka

IFJ PAN Kraków

The concept of fractals and multifractals has gainedvpopularity inrecent years mainly due to the identification of this typevof structures in many, seemingly not related, fields of science such as physics, physiology, economy even linguistics and music. In this presentation I demonstrate the potential of the multifractal methodology which has been applied to characterize complexity of the cryptocurrency, in particular Bitcoin, market. I discuss evolution of the multifractal characteristics towards those identified empirically for all “mature” markets like stocks, commodities or Forex. I also present microscopic agent-based model which is able to reproduce set of "the stylized facts" observed in the financial time series.