2021
DOI: 10.1088/1755-1315/628/1/012019
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Predictors of oil shocks. Econophysical approach in environmental science

Abstract: The instability of the price dynamics of the energy market from a theoretical point of view indicates the inadequacy of the dominant paradigm of the quantitative description of pricing processes, and from a practical point of view, it leads to abnormal shocks and crashes. A striking example is the COVID-stimulated spring drop of spot prices for crude oil by 305% to $36.73 a barrel. The theory of complex systems with the latest complex networking achievements using pragmatically verified econophysical approache… Show more

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Cited by 29 publications
(19 citation statements)
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“…The process of assessing the negative impact of the environmental problem on the competitive market is complex and multifactorial, since market conditions are unstable and depend on numerous factors of internal and external influence. In the economic literature there are such basic methods of estimating negative impact of an externa lity problem as graphical, matrix and computational [12]. Considering the existing methods, it is possible to say that the process of assessing the negative impact of the environmental problem on the competitive market is a complex concept that should cover all aspects of market activities.…”
Section: Research Resultsmentioning
confidence: 99%
“…The process of assessing the negative impact of the environmental problem on the competitive market is complex and multifactorial, since market conditions are unstable and depend on numerous factors of internal and external influence. In the economic literature there are such basic methods of estimating negative impact of an externa lity problem as graphical, matrix and computational [12]. Considering the existing methods, it is possible to say that the process of assessing the negative impact of the environmental problem on the competitive market is a complex concept that should cover all aspects of market activities.…”
Section: Research Resultsmentioning
confidence: 99%
“…Having visualized the series we study in this paper, we can already be convinced of the non-Gaussian dynamics of the presented systems. In the course of our research, we have determined that the Lévy 𝛼-stable distribution most successfully covers the key statistical characteristics of both the economic [15][16][17] and those systems presented in this paper. Figures 3a to 3c show the window dynamics of the 𝛼 index derived from the Lévy distribution that characterizes the "heaviness" of tails.…”
Section: Fat-tailed Distributionmentioning
confidence: 99%
“…The article "The use of specialized software for liquid radioactive material spills simulation to teach students and postgraduate students" [172] The article [11] by Ilona V. Batsurovska, Nataliia A. Dotsenko (figure 23), Vladimir N. Soloviev, Svitlana H. Lytvynova, Olena A. Gorbenko, Nataliia I. Kim and Antonina P. Haleeva presents the technology of application of 3D models of electrical engineering in the performing laboratory xlvi This article highlights further research by the authors, begun in [9,10,16,19,37,83,184,214,253]. xlix considers the problem of using immersive learning in the educational and scientific activities of the university.…”
Section: Session 6: Immersive Technology Applications In Educationmentioning
confidence: 99%