ROSARIO MANTEGNA
Università di Palermo
Power-laws in biological, economic and physical systems
Power-laws emerge in systems where several scales are simultaneously
present. Biological, economic, and physical systems characterized by
power-laws are currently investigated in several research areas. In this
talk, I will discuss
some examples of complex systems lacking a typical scale. Specifically,
I will talk about
(i) base pair sequences of DNA in eukaryotes and
prokaryotes
(ii) the time evolution of price and volatility of a financial asset
traded
in a financial market
(iii) the asymptotic time evolution of a class
of quantum wave packets.
The presence of several scales in the investigated
process defines the class of complexity of the phenomena considered.
For example, the central limit theorem of probability theory cannot be
applied in long-range power-law correlated systems. Indeed different
statistical and theoretical tools need to be considered when one describes
unpredictable space and/or time patterns of observables in these systems.