Skip to main content

Table 1 The application of the Ising model in financial market

From: Opinion dynamics in finance and business: a literature review and research opportunities

Opinion expression format Networks Characteristics References
Binary Lattice Bubbles/crashes Kaizoji (2000), Johansen et al. (2000), Bornholdt (2001), Kaizoji et al. (2002), Zhou and Sornette (2007), Sornette and Zhou (2006) and Crescimanna and Di Persio (2016)
Fluctuation Silva and Stauffer (2001), Fang and Wang (2013) and Zhang et al. (2019)
Correlations Wang (2009) and Takaishi (2016)
Boundary conditions Fang and Wang (2012a)
Bifurcations Fang and Wang (2012b) and Smug et al. (2018)
Time series Takaishi (2015)
Multi-Asset Eckrot et al (2016) and Takaishi (2017)
One dimensional lattice Fluctuation Inagaki (2004)
No specific topology Bubbles/Crashes Chowdhury and Stauffer (1999), Vangheli and Ardelean (2000), Krawiecki et al. (2002), Krawiecki and Hołyst (2003) and Krawiecki (2005)
Time series Zhao et al. (2018a)
Fluctuation Kaizoji (2006) and Lima (2017)
Financial return series Ko et al. (2016)
Modularity Kim et al. (2012)
Small-world network Fluctuation Zhang et al. (2015) and Zhang and Li (2015)
Scale-free network Bubbles Krawiecki (2009)
Cayley tree Stability of money Bornholdt and Wagner (2002)
3D Fluctuation Fang et al. (2016)
Continuous No specific topology Bubbles and crashes Horvath et al. (2016)