Fatih Kiraz

Mr. Kiraz's research focuses on the relationship between `chaos theory` and financial markets. For the last fifteen years, interest in nonlinear dynamics, especially deterministic chaotic dynamics, has increased significantly in both the financial press and academic literature. The main motivation for this increase is the frequency of dramatic moves in stock markets, which are greater than would be expected under a normal distribution. There are a number of possible explanations, one of which is that the stock market is governed by 'chaotic rules'. Mr. Kiraz's research hopes to provide satisfying answers to questions such as: Is there chaos in financial markets? If yes, what are the implications? If no, are there any other explanations for the behavior of financial systems?