Zipf's Law Distributions for Korean Stock Prices

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dc.creatorKim, Kyungsik
dc.creatorYoon, S. -M.
dc.creatorLee, C. Christopher
dc.creatorChang, K. H.
dc.date2004-05-18
dc.date.accessioned2026-07-07T12:06:57Z
dc.date.available2026-07-07T12:06:57Z
dc.descriptionThis paper investigates the rank distribution, cumulative probability, and probability density of price returns for the stocks traded in the KSE and the KOSDAQ market. This research demonstrates that the rank distribution is consistent approximately with the Zipf's law with exponent $α= -1.00$ (KSE) and -1.31 (KOSDAQ), similar that of stock prices traded on the TSE. In addition, the cumulative probability distribution follows a power law with scaling exponent $β= -1.23$ (KSE) and -1.45 (KOSDAQ). In particular, the evidence displays that the probability density of normalized price returns for two kinds of assets almost has the form of an exponential function, similar to the result in the TSE and the NYSE.
dc.description9 pages, 3 figures
dc.identifierhttps://arxiv.org/abs/cond-mat/0405390
dc.identifierhttp://arxiv.org/abs/cond-mat/0405390
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/208809
dc.subjectStatistical Mechanics
dc.subjectStatistical Finance
dc.titleZipf's Law Distributions for Korean Stock Prices
dc.typetext

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