Munich Personal RePEc Archive

Stock market activity and hormonal cycles

Bershadskii, Alexander (2018): Stock market activity and hormonal cycles.


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It is shown that the 8 weeks cycle and self-organized criticality at stock markets may have a biological origin related to a 4 weeks hormonal cycle. Threshold triggering mechanism of decision making is responsible for the period doubling (8 weeks instead of 4 weeks) and for the self-organized criticality. The hormonal cycle and the self-organized criticality can serve as stabilizing factors for the stock market fluctuations dynamic.

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