股票与加密货币：抗脆弱还是稳健？
Stocks and Cryptocurrencies: Anti-fragile or Robust?
AI总结：
本文通过分析股票和加密货币市场数据，探讨了抗脆弱性与稳健性之间的区别，发现表现最佳的资产更倾向于稳健而非抗脆弱。
摘要：
与能够抵抗噪声的稳健系统或在噪声下崩溃的脆弱系统不同，抗脆弱性被定义为复杂系统的一种属性，即从噪声或无序中获益。本文定义并测试了复杂动态系统中简单抗脆弱性度量方法。在本研究中，我们使用该抗脆弱性度量分析了股票和加密货币市场中的实际回报价格数据。我们的抗脆弱性定义是回报价格与扰动的乘积。我们探索了通常来自系统内部的不同扰动类型。我们的结果表明，在股票市场和加密货币市场中，'表现最佳'的资产倾向于稳健而非抗脆弱。探索其他可能的抗脆弱性定义以理解其在金融市场及复杂动态系统中的作用是重要的。
英文摘要：
In contrast with robust systems that resist noise or fragile systems that break with noise, antifragility is defined as a property of complex systems that benefit from noise or disorder. Here we define and test a simple measure of antifragility for complex dynamical systems. In this work we use our antifragility measure to analyze real data from return prices in the stock and cryptocurrency markets. Our definition of antifragility is the product of the return price and a perturbation. We explore different types of perturbations that typically arise from within the system. Our results suggest that for both the stock market and the cryptocurrency market, the tendency among the 'top performers' is to be robust rather than antifragile. It would be important to explore other possible definitions of antifragility to understand its role in financial markets and in complex dynamical systems in general.
机构、总结、中文摘要均由AI分析而来，可能存在错误，请以论文正文为准。
