Berlin 2012 – scientific programme

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SOE: Fachverband Physik sozio-ökonomischer Systeme

SOE 6: Focus Session: Big Data (Contributed Talks)

SOE 6.3: Talk

Monday, March 26, 2012, 17:45–18:00, HE 101

Complex Economic Behavior Captured by Big Data — •Tobias Preis — Chair of Sociology, in particular of Modeling and Simulation, ETH Zurich, Clausiusstr. 50, 8092 Zurich, Switzerland — Center for Polymer Studies, Department of Physics, 590 Commonwealth Avenue, Boston, Massachusetts 02215, USA — Artemis Capital Asset Management GmbH, Gartenstr. 14, 65558 Holzheim, Germany

Financial market fluctuations are characterized by abrupt switches between upward trends and downward trends, which can last for hundreds of days or just a few minutes. Here, we address two questions. Firstly, can these ubiquitous switching processes be quantified? Secondly, what insight do new big social data sources offer into this collective behavior?