Herd Behaviors in Financial Markets

We investigate the herd behavior of returns for the yen-dollar exchange rate in the Japanese financial market. It is obtained that the probability distribution $P(R)$ of returns $R$ satisfies the power-law behavior $P(R) \simeq R^{-\beta}$ with the exponents $\beta=3.11$(the time interval $\tau=$ one minute) and 3.36($\tau=$ one day). The informational cascade regime appears in the herding parameter $H\ge 2.33$ at $\tau=$ one minute, while it occurs no herding at $\tau=$ one day. Especially, we find that the distribution of normalized returns shows a crossover to a Gaussian distribution at one time step $\Delta t=1$ day.Comment: 15 pages, 6 figure

Some Grüss' Type Inequalities in 2-Inner Product Spaces and Applications for Determinantal Integral Inequalities

Some new Grüss type inequalities in 2-inner product spaces are given. Using this framework, some determinantal integral inequalities for synchronous functions are also derived

Some Inequalities in 2-inner Product Spaces

In this paper we extend some results on the refinement of Cauchy-Buniakowski-Schwarz's inequality and Aćzel's inequality in inner product spaces to 2-inner product spaces

On Some Grüss Type Inequality in 2-Inner Product Spaces and Applications

In this paper, we shall give a generalization of the Grüss type inequality and obtain some applications of the Grüss type inequality in terms of 2-inner product spaces