Chaos Theory and the Science of Fractals in Finance

Chaos Theory and the Science of Fractals in Finance

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Tania Velázquez

Resumen

The latest financial crisis show that the neoclassical theory has proven obsolete in its task of explaining the behavior of markets, which is why we propose the application of new theories in particle chaos theory and science of fractals to modeling financial. In this paper we present a review of the literature on the fractal behavior of markets to serve as reference for the behavior of financial markets.

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