The purpose of the Chapter is to gain a better understanding of energy market movements and dynamics by examining two competing theories: deterministic chaos theory and stochastic paradigm. The aim is not to promote one theory over the other, but to simply present the implications of chaos theory in energy markets with respect to random walk assumptions, performing an accurate overview analysis of each of them.
Mastroeni, L., Vellucci, P. (2020). Chaos vs Stochastic Paradigm in Energy Markets. In D. k. Nguyen & S. Goutte (a cura di), Handbook of Energy Finance: Theories, practices and simulations (pp. 765-786). World Scientific Publishing [10.1142/11213].
Chaos vs Stochastic Paradigm in Energy Markets
L. Mastroeni
;P. Vellucci
2020-01-01
Abstract
The purpose of the Chapter is to gain a better understanding of energy market movements and dynamics by examining two competing theories: deterministic chaos theory and stochastic paradigm. The aim is not to promote one theory over the other, but to simply present the implications of chaos theory in energy markets with respect to random walk assumptions, performing an accurate overview analysis of each of them.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
