We fill a void in merging empirical and phenomenological characterisation of the dynamical phase transitions in complex systems by identifying three , essentially different, dynamical phase transitions on real-life financial markets driven by 'macrodynamics' of a superstar-like superhub. We collect and interpret the empirical, numerical, and semi-analytical evidences for the existence of these phase transtions , by considering the Frankfurt Stock Exchange (FSE), as a typical example of a financial market of a medium size.
<clarity> We fill a void in merging empirical and phenomenological characterisation of the dynamical phase transitions in complex systems by identifying three , essentially different, dynamical phase transitions on real-life financial markets driven by 'macrodynamics' of a superstar-like superhub. We collect and interpret the empirical, numerical, and semi-analytical evidences for the existence of these phase transtions , by considering the Frankfurt Stock Exchange (FSE), as a typical example of a financial market of a medium size.
We fill a void in merging empirical and phenomenological characterisation of the dynamical phase transitions in complex systems by identifying three , essentially different, dynamical phase transitions on real-life financial markets . We extract and interpret the empirical, numerical, and semi-analytical evidences for the existence of these phase transtions , by considering the Frankfurt Stock Exchange (FSE), as a typical example of a financial market of a medium size.