Authors 
Preliminary
Title 
A. Carbone, G. Castelli and
H.E. Stanley 
TimeDependent Hurst Exponent Calculated
by Detrending Analysis. 
Jacek Juzwiszyn 
Threedimensional
finance market trajectories. 
Adam Zawadowski, Janos
Kertesz, Gyorgy Andor 
Large changes on small scales:
Exogeneous versus endogenuous. 
Adam Krawiec, Marek
Szydłowski 
Dynamics of simple economic growth
models. 
Paul Ormerod,
Bridget Rosewell,
Laurence Smith

An AgentBased
Model of the Evolution of Market Structure and Competition. 
Roma Cont 
An agentbased model of heterogenity and feedback in speculative markets 
Taisei Kaizoji and Michiyo Kaizoji 
A mechanism leading bubbles to crashes. 
D. Helbing and M. Shoenhof 
The competition for restricted
goods: experiment and simulation of decision dynamics. 
P. Weber and B. Rosenow 
An order book approach to the price
impact function. 
L Xu, M. Dixon, B. Eales, B. Read and F. F. Cai 
Barrier Option Pricing Using
Neural Network Model. 
Arkadiusz Orlowski, Zbigniew Struzik, Ewa Syczewska, Magdalena
ZaluskaKotur 
Fluctuations dynamics of exchange rates on emerging markets. 
Przemyslaw Repetowicz and Peter Richmond 
Modelling share price evolution as a continuous random walk with
nonindependent waiting ttimes and price returns. 
Diane Wilcox and Tim Gebbie 
Analysis of crosscorrelations in South
African financial market data. 
K. Urbanowicz and Janusz A. Hołyst 
Minimization of
the noise level in a portfolio: a novel investment strategy. 
V.V. Popkov, D.B. Berg and K.A. Becklemishev 
Phase diagram for bussinesscycles
analysis. 
Dariusz Grech and Zygmunt Mazur 
Can one make any predictions in finances using the Hurst exponent? 
Giulia Iori, Saqid Jafarey and Ovidiu Precup 
An analysis of liquidity and systematic
risk in alternative settlement architectures. 
Gabriele Susinno and Augusta Miceli 
Ultrametricity in Hedge fund Selection
and Fund of Funds Diversification. 
Emmanuel Haven 
’NonClassical’
Uncertainty and the Existence of Valued Preferences for Risk. 
Emmanuel Haven 
The Schrodinger
Option Price versus the BlackScholes 0ption Price: A Discussion. 
Diego Garlaschelli, Maria I. Loffredo 
Complex networks in economic and
financial systems. 
Ryszard Kokoszczyński 
Macroeconomic Modeling at the National Bank of
Poland. 
S. Rawal and G.J. Rodgers 
Modelling inflation as a random
process. 
Amador Muriel 
Shortterm predictions of foreign exchange rates
using a new kinetic equation. 
Domenico Delli Gatti, Corrado Di Guilmi, Edoardo
Gaffeo, Mauro
Gallegati, Gianfranco Giulioni, Antonio Palestrini 
Scaling Laws in the
Macroeconomy. 
Jorgen Vitting Andersen 
Could short
selling make financial markets tumble? 
V. Gafiychuk, B. Datsko, J. Izmailova and O.
Ponomaryov 
Analysis of data
clusters obtained by selforganization methods. 
Maria JadamusHacura and Andrzej Hacura 
Bayesian Approach to a Portfolio Selection Problem. 
Sheri M. Markose 
Novelty and surprises in
complex adaptive system (CAS) dynamics: a computational theory of
actor innovation. 
Boris Podobnik, Plamen Ch. Ivanov, Kaushik Matia, Ivo
Grosse, H. E.
Stanley 
ARCHGARCH approches to
modeling highfrequency financial data. 
V.P. Budaev 
Turbulence in magnetized plasmas and financial markets:
comparative study of multifractal statistics. 
Peijie Wang 
Statistical
Distributions of Time Series in the Frequency Domain and the Patterns
of Violation of White Noise Conditions. 
David Collings and Nicola Baxter 
Telecommunications bandwidth market design, using agent based
modelling. 
Ghassan Dibeh 
Nonlinear Speculative Dynamics and Currency Crisis in
Lebanon. 
Kyungsik Kim and SeongMin Yoon 
Multifractal features
in financial markets. 
Kyungsik Kim and SeongMin Yoon 
Dynamics of the
minority game for patients. 
J. Kwapień, S. Drożdż and J. Speth 
Financial correlations
viewed from different time scale. 
Maris Karima Rahadiyan 
The Resilience of
Finance Analysis in Time Series Perspective: Case Study in Volatility
of Indonesian Currency Rate. 
BingHong Wang, Weisong Yang
and ChinKun Hu 
Substrategy updating
evolution in minority game. 
BingHong Wang, P.M. Hui,
ChinKun Hu 
Two Way
Selection Traffic Flow: Mean Field Theory. 
BingHong Wang, Kan Chen
and Baosheng Yuan 
Theory of
Phase Transition in the Evolutionary Minority Game. 
BingHong Wang, Yiming Wei,
Shangjun Ying, Ying Fan 
The
effect of investment intent on stock market  an analysis based on
cellular automaton. 
Filippo Petroni and Maurizio Serva 
High frequency foreign exchange market and time series. 
T. Mart and Y. Surya 
Statistical properties of the Indonesian stock exchange
index 
Pragya Shukla 
Application of Random Matrix Theory in Financial
Analysis. 
Robert Axtell 
The 'Scaling Puzzle' of Firm Growth from an Individual
Agent Perspective. 
D. Subbarao and Harvinder
Singh 
A simple meanfield model for stockmarket polarization. 
BingHong Wang 
The effect of investment intent on stock market: An
analysis based on cellular automaton. 
Hideaki Aoyama 
Kinematics and Dynamics of ParetoZipf's and Gibrat's
laws. 
Yoshi Fujiwara, Hideaki
Aoyama, Corrado DiGuilmi, Wataru Souma, Mauro Gallegati 
Gibrat and ParetoZipf revisted with European firms. 
M. Ausloos and K. Ivanova 
Tsallis nonextensive
statistical mechanics and Beck turbulence model for S&P500 in large
time windows. 
Peter Richmond 
Langevin processes,
agent models and socioeconomic systems. 
Hokky Situngkir,
Yohanes Surya. 
Neural Network
Revisited: Perception on Modified Poincare Map of Financial Time
Series Data. 
Florentin Paladi
and Vitalie Eremeev 
AgentBased
Computational Approach to the Evolution of Market Structure. 
S.V. Malynovska 
Stochastic integral models for equilibrium and
nonequilibrium markets. 
N.S. Loboda 
Market modelling: Time series multifractal and
stochastic algorithm analysis. 
A.V. Glushkov, A.I. Pavlovsky 
Financial neural network on the basis of photon echo. 
A.V. Glushkov, S.V. Ambrosov, A.I. Pavlovsky 
Multifractal features in the turbulent regime of
governing by
financial operations. 
Kaushik Matia and H. Eugene Stanley 
Statistical Properties of Commodity
Price Fluctuations. 
Paul De Grauwe and Marianna Grimaldi 
Exchange rate puzzles. A tale of switching attractors. 
Krzysztof Jajuga 
Quantitative models
in finance – a prospective of economics. 
H. Eugene Stanley 
Econophysics:
understanding large economic fluctuations. 
Jerzy Jurkiewicz 
Signal and Noise in a Gaussian Correlation Matrix. 
Kyungsik Kim, SeongMin Yoon 
Dynamics of the Minority Game for Patients. 
Kyungsik Kim, SeongMin Yoon 
Multifractal Features in Financial Markets. 
Huba Laszlo
Szoecs

A method of transformation
of degenerate stochastic processes as well timeseries into ordinary
processes and theirs analysis. 
Huba Laszlo Szoecs

A method of transformation
of degenerate stochastic processes as well timeseries into ordinary
processes and theirs analysis. 
Megan Khoshyaran 
The New Capitalists: A Structural Change from the
Stock
Market Economy to the Free Market Economy. 
Silvio M. Duarte Queiros 
Correlation and
NonGaussianity in Financial Time Series Analisys under Generalized
Statistical Physics. 
Silvio M. Duarte Queiros 
Anomalous
distribution in intraday time series using Generalized Statistical
Physics. 
Yohanes Surya,
Hokky Situngkir 
Neural Network Revisited: Perception on Modified
Poincare Map of Financial Time Series Data 
Vikentia Provizionatou 
A semiparametric Approach to ValueatRisk using the
Generalised Pareto Distribution to account for fat tails in financial
asset returns. 
Nicolas Million 
Are Central Bankers
opportunistic? A threshold cointegration investigation. 
V.R.Niculescu,
Michaela Dobre, Catalin Stancu 
A correlation
dimension for Romanian rate exchange. 
E.
Bronshtein, E. Prokudina 
The
investment projects at active alternative. 
Wataru Souma, Yoshi Fujiwara, Hideaki Aoyama 
Random matrix approach to shareholding networks. 
Haven Emmanuel 
The Schrodinger Option Price versus the BlackScholes
0ption Price: A Discussion. 
Amador Muriel 
Shortterm predictions of foreign exchange rates using
a new kinetic equation . 
Avetis Abel Sadoyan 
Application of method for approximate solutions of set
of partially differential equations in numerical relativity to market
modelling. 
Vladimir V. Uchaikin, Dmitry V. Uchaikin 
Levy motion as an intermediate asymptotics for
Brownian motion. 
Andrzej Dyka 
Identification of
stocks performing better than the market. 
Katalin Martinas 
Learning in Economics 
Sorin Solomon 
Pioneers on a New
Continent:
Crossing the Ocean between Physics and Economics. 
Hideki Takayasu 
Physics of foreign exchange fluctuations. 
Janos Kertesz, Adam Zawadowski and Gyorgy Andor 
Large changes on the stock market: Exogenous versus
endogenous causes. 
M. Ausloos, P. Clippe, J. Miskiewicz, A. Pekalski 
A logistic map approach to economic cycles. 
Taisei Kaizoji 
Inflation and
deflation in financial markets. 
Misako Takayasu 
Basic
properties of selfmodulation processes in market. 
G. Rotundo 
Neural Networks for large financial
crashes’ forecast. 
Ary A. Perez Jr. 
Fingerprints of multifractality in
the dollarBrazilian real exchange currency market. 
E. Alessio, V. Frappietro, M.I.Krivoruchenko, and L.J. Streckert 
Probability density functions
of returns and volatility forecasting for financial markets. 
O. Hudak 
On behaviour of agents on emerging capital markets. 
Fernando F. Ferreira and Matteo Marsili 
Is the market really a minority game?

Matteo Marsili, Fernando VegaRedondo, and
Frantisek Slanina 
The Rise and Fall of a Networked Society. 
Luis Chavez Guzman 
The collision of masses and the way
prices react to expectations. 
Takaaki Ohnishi, Kazuyuki Aihara, Misako Takayasu, Hideki Takayasu 
Statistical properties of the moving average price in dollaryen
exchange rates. 
Andrzej Dyka 
Psychology related phenomena in capital
market. 
Y. Aiba, N. Hatano, H. Takayasu 
Triangular Arbitrage in the Foreign
Exchange Market 
V.M. Yakovenko, A.C. Silva, and R.E. Prange 
Time evolution of the probability
distribution of returns in the Heston model of stochastic volatility
compared with the highfrequency stockmarket data. 
AkiHiro Sato 
Time intervals between successive
tradings in yen/dollar foreign currency market: from microscopic model
to macroscopic model. 
J.D Wichard, M.J. Ogorzałek, and C. Merkwirth 
Entool  a toolbox
for ensemble modelling 
J.D Wichard, M.J. Ogorzałek, and C. Merkwirth 
Ensemble mathods
for time series analysis and prediction. 
Danuta Makowiec 
Follow the leader or
contend him: Imitation or competition among traders in the percolation
model of stock market. 
Boon Leong Lan and Ying Oon Tan 
Statistical Analysis
of the Malaysian Stock Exchange Index. 
J V Healy, M Dixon, B J Read and F F Cai 
Riskneutral Density
Extraction from Option Prices: A New Nonparametric Approach. 
J.D. Wichard, M.J. Ogorzałek 
Detecting
correlation in stock indices with nonlinear cross prediction. 
Piotr Gnaciński and Danuta Makowiec 
Another type
of logperiodic oscillation on Polish stock market? 
Paul Ormerod
Bridget Rosewell 
The evolution of competition and market structure: an
agent based approach. 
J V Healy, M Dixon, B J Read and F F Cai 
Confidence Limits for Data
Mining Models of Options Prices. 
Lorenzo Sabatelli and Peter Richmond 
Random noise and
stylised facts in a Sznajd world 
M. G. Zimmermann,
V. M. Eguiluz,
M. San Miguel 
Complex evolving and adaptive networks. 
Antonios Antoniou and Constantinos Vorlow 
Recurrence quantification
analysis of wavelet prefiltered index returns. 
V. Gontis and B. Kaulakys 
Modelling financial market by the multiplicative sequence
of trades. 
Ras B.Pandey,
Hui Wang 
A new technical analysis
on DJI stocks. 
Andreia Dionisio 
Mutual Information: a Measure of Dependency for Nonlinear
Time Series. 
Rafał Weron 
Risk management in the power market: seasonality, price
spikes, meanreversion and longterm predictions. 
Yuichi Ikeda 
Forecast
of Business Performance using an Agent  based Model and its Application
to Decision Tree  Monte Carlo Business Valuation. 
Damien Challet, Markus Chromik, Gabriele Ottino, YiCheng
Zhang 
Minority mechanism in commodity markets and money lending. 
Enrico Capobianco 
Volatility Multiscale Stochastic Dynamics and Scaling
Sources. 
Kestutis Staliunas 
BoseEinstein
Condensation in Financial Systems. 
Efim Bronshtein,
Elena Prokudina 
The Investment Projects at Active Alternative. 
Ralf Remer,
Reinhard Mahnke 
Application of Heston model and its solution to German
DAX data. 
Mingzhi Zhang 
The Dynamic Mechanism of Constructing the Community
of Scientific Researchindustry. 
J. Kisiel, B. Kozusznik, S. Mielimaka, E. Popiel,
A. Ratuszna 
Licentiate studies of
econophysics in University of Silesia. 
Rui Menezes,
Andreia Dionisio 
Asymmetric price transmission within the Portuguese
stock market. 
Ovidiu V. Precup,
Giulia Iori 
HighFrequency CrossCorrelation Dynamics in US Equity
Markets. 
Urszula
SkórnikPokarowska 
An Application of an Ultrametric Distance to Portfolio
Taxonomy. Critical Analysis and Comparison with other Methods. 
P. Gopikrishnan,
V. Plerou, X. Gabaix
and H. E. Stanley 
Price changes, Trading Frequency, and Volume 
Smirnov A.P., Shmelev A.B., Sheinin E. Ya 
Analysis of FokkerPlanck Approach for Foreign Exchange
Market Statistics Study. 
Katarzyna
BrzozowskaRup, Arkadiusz Orłowski. 
Applications of bootstrap to detecting chaos in financial
time series. 
Giulia Iori, Carl Chiarella 
Modelling Limit Order Trading. 
Andrei Leonidov 
Long Memory in Stock
Trading. 
S. Jain 
Phenomenological Models for the Time Evolution of Financial
Markets. 
Chipo Mlambo,
Nicholas Biekpe 
Predicting stock
price changes on frontier African stock markets: A nonlinear model
approach. 
Xavier Gabaix 
A theory of large movement in stock market activity. 
Victor M. Yakovenko
et al. 
Analytical derivation of the truncated Levy distribution
from the Heston model of stochastic volatility and quantitative comparison
with the stockmarket fluctuations data for time lags from few minutes
to a year. 
Takayuki Mizuno,
Tohru Nakano,
Misako Takayasu, Hideki Takayasu 
Statistical laws
and dynamics of an open market in vary short time scales. 
A. Krawiecki, J.A. Holyst, D. Helbing 
Volatility Clustering and Scaling for Financial Time
Series due to Attractor Bubbling. 
A. Krawiecki and J.A. Holyst 
Stochastic resonance as a model for market crashes and
bubbles. 
Janos Kertesz 
Networks in economy from financial data. 
O. Hudak 
Topology and capital market agent's behaviour. 
P.Repetowicz, P.Richmond 
Modelling share price evolution as a Continuous Random
Walk with nonindependent price changes and waiting times. 
Ary A. Perez Jr. 
Multifractality underlying the dollarBrazilian real
exchange currency market. 
S. V. Bulanov,
E. Y. Echkina,
I. N. Inovenkov 
The nonlinear dynamics
of the business center in Beckmann's model. 
Andreia Dionysio,
Rui Menezes,
Diana Mendes 
Mutual Information: a Dependence Measure for Nonlinear
Time Series. 
Thomas Lux 
Forecasting Financial Volatility with the MultiFractal
Model 
S.S. Kharintsev and M.Kh. Salakhov 
WaveletBased Nonlinear
Prediction and Control of Chaotic Time Series. 
R.Kutner, F. Świtała 
Possible origin of longterm correlations in financial
time series. 
Vladimir Litvin 
Multifractality in Transition Economies. 
Vladimir Litvin 
Multiscaling behaviour of Transition Economies before
and after 1998 Russian Financial Crisis. 
Jaume Masoliver and Josep Perelló 
A comparison between
correlated stochastic volatility models. 
G. J. Rodgers 
Kinetic Models of Growing Networks and Herding Phenomena 
R. Rothenstein, K. Pawelzik 
Efficient Market Hypothesis in a Stock Market Model 