arXiv research

Given a sub-hyperbolic semi-rational branched covering which is not CLH-equivalent a rational map, it must have the non-empty canonical Thurston obstruction. By using this canonical Thurston obstruction, we decompose this dynamical system in this paper into several sub-dynamical systems. Each of these sub-dynamical sys…

Overview of dynamics in algebraic correspondences and their connections.

The paper connects reflection groups to maps with specific dynamical properties.

Survey explores interactions between four conformal dynamics branches.

In this paper, we study the dynamics of degenerating sequences of rational maps on Riemann sphere $\hat{\mathbb{C}}$ using $\mathbb{R}$-trees. Given a sequence of degenerating rational maps, we give two constructions for limiting dynamics on $\mathbb{R}$-trees: one geometric and one algebraic. The geometric constructio…

We explain the main concepts of Prospect Theory and Cumulative Prospect Theory within the framework of rational dynamic asset pricing theory. We derive option pricing formulas when asset returns are altered with a generalized Prospect Theory value function or a modified Prelec weighting probability function and introdu…

We consider the dynamics of rational semigroups (semigroups of rational maps) on the Riemann sphere. We provide proof that a random backward iteration algorithm to draw the pictures of the Julia sets, previously proven to work in the context of iteration of a rational map of degree two or more, extends to finitely gene…

SINDy-PI robustly identifies implicit dynamics from noisy data.

Combines Kleinian groups and polynomials into a dynamical system.

We derive behavioral finance option pricing formulas consistent with the rational dynamic asset pricing theory. In the existing behavioral finance option pricing formulas, the price process of the representative agent is not a semimartingale, which leads to arbitrage opportunities for the option seller. In the literatu…

Revisits behavioral finance option pricing model to align with rational asset pricing theory.

We investigate random complex dynamics of rational or polynomial maps on the Riemann sphere. We show that regarding random complex dynamics of polynomials, generically, the chaos of the averaged system disappears at any point in the Riemann sphere due to the automatic coopeartion of many kinds of maps in the system, ev…

We investigate the random dynamics of rational maps on the Riemann sphere and the dynamics of semigroups of rational maps on the Riemann sphere. We show that regarding random complex dynamics of polynomials, in most cases, the chaos of the averaged system disappears, due to the cooperation of the generators. We investi…

In this paper, we show that one can naturally associate a limiting dynamical system $F: T\longrightarrow T$ on an $\R$-tree to any degenerating sequence of rational maps $f_n: \hat\C \longrightarrow \hat\C$ of fixed degree. The construction of $F$ is in $2$ steps: first we use barycentric extension to get $\E f_n : \Hy…

We present a simple model of a non-equilibrium self-organizing market where asset prices are partially driven by investment decisions of a bounded-rational agent. The agent acts in a stochastic market environment driven by various exogenous "alpha" signals, agent's own actions (via market impact), and noise. Unlike tra…

The paper studies degenerations of rational maps and their limits as geometrically finite rational maps.

This work explains crises in markets without external news using bounded rational agents.

The substantial turmoil created by both 2000 dot-com crash and 2008 subprime crisis has fueled the belief that the two classical paradigms of economics, which are the invisible hand and the rational agent, are not appropriate to describe market dynamics and should be abandoned at the benefit of alternative new theoreti…

Quantum circuits predict volatility dynamics preserving asymmetry.

New method identifies flawed internal models of the world in animals.

The study reveals traders' risk aversion and a new risk premium from market volumes.

A nice trick for studying the billiard flow in a rational polygon is to unfold the polygon along the trajectories. This gives rise to a translation or half-translation surface tiled by the original polygon, or equivalently an Abelian or quadratic differential. Veech surfaces are a special class of translation surfaces …

This paper shows similarities in deformation spaces of Kleinian groups and anti-holomorphic maps.

The Epstein deformation space parameterizes marked rational maps with prescribed combinatorial and dynamical structure. For the family of quadratic rational maps with a periodic critical cycle of order 4 and an extra critical point not lying in this cycle, S. Koch and I recently showed that the deformation space has in…

Deep RL solves complex macroeconomic models.

The abstract discusses rational approximations for Hitchin representations on surfaces.

In 1985 D.Sullivan had introduced a dictionary between two domains of complex dynamics: iterations of rational functions on the Riemann sphere and Kleinian groups. The latters are discrete subgroups of the group of conformal automorphisms of the Riemann sphere. This dictionary motivated many remarkable results in both …

The Ricci flow is a parabolic evolution equation in the space of Riemannian metrics of a smooth manifold. To some extent, Einstein equations give rise to a similar hyperbolic evolution. The present text is an introductory exposition to Bianchi-Ricci and Bianchi-Einstein flows, that is, the restricted finitely dimension…

Classifies worst approximable rational numbers using hyperbolic geometry.

The study examines dynamics on SU(2)-representation varieties for surfaces and non-orientable surfaces.

Bayesian optimization with RPCE reduces MAP estimation for structural dynamics models.

This paper investigates the effects of the "uptick rule" (a short selling regulation formally known as rule 10a-1) by means of a simple stock market model, based on the ARED (adaptive rational equilibrium dynamics) modeling framework, where heterogeneous and adaptive beliefs on the future prices of a risky asset were f…

Signals coming from multivariate higher order conditional moments as well as the information contained in exogenous covariates, can be effectively exploited by rational investors to allocate their wealth among different risky investment opportunities. This paper proposes a new flexible dynamic copula model being able t…

Paper proves ellipticity of certain Reeb orbits and estimates ECH spectrum on lens spaces.

This short expository note gives an elementary introduction to the study of dynamics on certain moduli spaces, and in particular the recent breakthrough result of Eskin, Mirzakhani, and Mohammadi. We also discuss the context and applications of this result, and connections to other areas of mathematics such as algebrai…

Computer experiments reveal complex knots that don't simplify.

We consider a framework involving behavioral economics and machine learning. Rationally inattentive Bayesian agents make decisions based on their posterior distribution, utility function and information acquisition cost Renyi divergence which generalizes Shannon mutual information). By observing these decisions, how ca…

The paper finds stocks with higher dynamic network risk have lower returns.

We propose two rational expectation models of transient financial bubbles with heterogeneous arbitrageurs and positive feedbacks leading to self-reinforcing transient stochastic faster-than-exponential price dynamics. As a result of the nonlinear feedbacks, the termination of a bubble is found to be characterized by a …

Model explains herding and volatility in urban housing prices.

Constructs symplectic structures from rational functions on fans.

This paper addresses the statistical properties of time series driven by rational bubbles a la Blanchard and Watson (1982), corresponding to multiplicative maps, whose study has recently be revived recently in physics as a mechanism of intermittent dynamics generating power law distributions. Using insights on the beha…

Study of algebraic dynamics on Markov cubics in tropical geometry.

Investors trade based on shifting prices, leading to market inefficiencies.

Unified proof of Nielsen-Thurston classification via Teichmüller's theorem.

It is essential to incorporate the impact of investor behavior when modeling the dynamics of asset returns. In this paper, we reconcile behavioral finance and rational finance by incorporating investor behavior within the framework of dynamic asset pricing theory. To include the views of investors, we employ the method…

New framework recovers reward and rationality parameters from game behavior.

We prove that if $ρ\neq1/2$ is a rational number between zero and one, then there is no integer $n>1$ such that $n\tan(πρ)=\tan(nπρ).$ This has interpretations both in the theory of bicycle curves and that of mathematical billiards.