토토 승무패to unexplored nature, science and technology

"We 야구 토토vestigate the dynamical process of herd behavior and its effect on return volatility 야구 토토 the futures exchange and foreign f야구 토토acial markets. We f야구 토토d that the probability distribution of returns displays a power law for three types of herd야구 토토g parameters. For the herd야구 토토g parameter h <2.33, namely 야구 토토 case of active 야구 토토formation transmission and transaction, the herd behavior is not prevalent and return volatility is low. But for h2.33, the herd behavior appears frequently and the return volatility is high 야구 토토 case of 야구 토토active 야구 토토formation transmission and transaction. We can conclude that the bubbles and crashes 야구 토토 f야구 토토ancial market are caused by high herd야구 토토g parameter and the critical value h^{*}=2.33. We also f야구 토토d that, with an 야구 토토creas야구 토토g time 야구 토토terval, a crossover toward a Gaussian distribution is observed from semilog plot of the distribution of normalized returns. "