Publications [#293093] of E. Roy Weintraub

Journal Articles

1. Weintraub, ER, Critique and comment. Zeeman's unstable stock exchange, Behavioral Science, vol. 28 no. 1 (January, 1983), pp. 79-83, WILEY, ISSN 0005-7940 [Gateway.cgi], [doi]
   (last updated on 2024/04/15)

   Abstract:
   The stock market is a simple market system. Zeeman's dynamic analysis, using catastrophe theory, of stock prices is shown to be equivalent to a standard economic model in which price movements produce deviation—amplifying feedbacks. Zeeman's catastrophe result in this system is thus based on an implicit assumption of irrational behavior. Copyright © 1983 John Wiley & Sons, Ltd.