Properties of low variability periods in financial time series

Properties of low-variability periods in the time series are analysed. The theoretical approach is used to show the relationship between the multi-scaling of low-variability periods and multi-affinity of the time series. It is shown that this technically simple method is capable of reveling more details about time-series than the traditional multi-affine analysis. We have applied this scaling analysis to financial time series: a number of daily currency and stock index time series. The results show a good scaling behaviour for different model parameters. The analysis of high-frequency USD-EUR exchange rate data confirmed the theoretical expectations.Comment: 14 pages, 5 figures, 3 tables, Submitted to Physica

Econophysics studies in Estonia

A short review of the econophysics research done in Estonia, devoted to the 15th anniversary of the term "econophysics".Comment: Submitted to the special issue on "Econophysics" of the journal Science & Culture (http://www.scienceandculture-isna.org/journal.htm), a publication of the Indian Science News Association, established in 193

Gradient-limited surfaces

A simple scenario of the formation of geological landscapes is suggested and the respective lattice model is derived. Numerical analysis shows that the arising non-Gaussian surfaces are characterized by the scale-dependent Hurst exponent, which varies from 0.7 to 1, in agreement with experimental data.Comment: 4 pages, 5 figure

Monte-Carlo study of scaling exponents of rough surfaces and correlated percolation

We calculate the scaling exponents of the two-dimensional correlated percolation cluster's hull and unscreened perimeter. Correlations are introduced through an underlying correlated random potential, which is used to define the state of bonds of a two-dimensional bond percolation model. Monte-Carlo simulations are run and the values of the scaling exponents are determined as functions of the Hurst exponent H in the range -0.75 <= H <= 1. The results confirm the conjectures of earlier studies

Empty spaces and the value of symbols: Estonia's 'war of monuments' from another angle

Taking as its point of departure the recent heightened discussion surrounding publicly sited monuments in Estonia, this article investigates the issue from the perspective of the country's eastern border city of Narva, focusing especially upon the restoration in 2000 of a 'Swedish Lion' monument to mark the 300th anniversary of Sweden's victory over Russia at the first Battle of Narva. This commemoration is characterised here as a successful local negotiation of a potentially divisive past, as are subsequent commemorations of the Russian conquest of Narva in 1704. A recent proposal to erect a statue of Peter the Great in the city, however, briefly threatened to open a new front in Estonia's ongoing 'war of monuments'. Through a discussion of these episodes, the article seeks to link the Narva case to broader conceptual issues of identity politics, nationalism and post-communist transition

Methods of electroencephalographic signal analysis for detection of small hidden changes

The aim of this study was to select and evaluate methods sensitive to reveal small hidden changes in the electroencephalographic (EEG) signal. Two original methods were considered

Current-sheet formation in incompressible electron magnetohydrodynamics

The nonlinear dynamics of axisymmetric, as well as helical, frozen-in vortex structures is investigated by the Hamiltonian method in the framework of ideal incompressible electron magnetohydrodynamics. For description of current-sheet formation from a smooth initial magnetic field, local and nonlocal nonlinear approximations are introduced and partially analyzed that are generalizations of the previously known exactly solvable local model neglecting electron inertia. Finally, estimations are made that predict finite-time singularity formation for a class of hydrodynamic models intermediate between that local model and the Eulerian hydrodynamics.Comment: REVTEX4, 5 pages, no figures. Introduction rewritten, new material and references adde