Investigation of the driven mechanism of the price dynamics in complex financial systems is important and challenging. In this paper, we propose an investment strategy to study how dynamic fluctuations drive the price movements. The strategy is successfully applied to different stock markets in the world, and the result indicates that the driving effect of the dynamic fluctuations is rather rob...

Earlier investment practices show that there lies a discrepancy between the actual fund strategy and stated fund strategy. Using a minimum spanning tree (MST) and planar maximally-filtered graph (PMFG), we build a network of open-ended funds in China’s market and investigate the evolution characteristics of the networks over multiple time periods and timescales. The evolution characteristics, e...

Pairs of individuals frequently face situations in which they could do well if they cooperated, but each risks being exploited. The Prisoner's Dilemma is widely used for investigating such scenarios, but it is framed in terms of cooperating and defecting, whereas in reality cooperation is rarely "all or nothing". Recent models allowing for variable investment in cooperation indicated the succes...