A threshold model of financial markets

We proposed a model of interacting market agents based on the Ising spin model. The agents can take three actions: "buy," "sell," or "stay inactive." We defined a price evolution in terms of the system magnetization. The model reproduces main stylized facts of real markets such as: fat-tailed distribution of returns and volatility clustering

Towards a Basis for Planar Two-Loop Integrals

The existence of a finite basis of algebraically independent one-loop integrals has underpinned important developments in the computation of one-loop amplitudes in field theories and gauge theories in particular. We give an explicit construction reducing integrals to a finite basis for planar integrals at two loops, both to all orders in the dimensional regulator e, and also when all integrals are truncated to O(e). We show how to reorganize integration-by-parts equations to obtain elements of the first basis efficiently, and how to use Gram determinants to obtain additional linear relations reducing this all-orders basis to the second one. The techniques we present should apply to non-planar integrals, to integrals with massive propagators, and beyond two loops as well.Comment: 55 pages, 8 figures, Mathematica file for some formulae; final journal version, typos correcte