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Working Papers
These documents are shared as working research papers.
They present theoretical and empirical research in progress and are provided
for transparency and scholarly discussion.
These papers are not investment advice, trading strategies, or performance claims.
Final citation versions will be linked once available on SSRN.
Structural Admissibility in Asset Price Trajectories: A Theoretical Framework
Knopp, Shawn, Structural Admissibility of Asset Price Trajectories: A Theoretical Price-Only Effective Action Framework (January 16, 2026). Available at SSRN: https://ssrn.com/abstract=6079386
This paper develops a theoretical framework in which asset prices evolve as constrained trajectories within structurally admissible regions of state space, defining market structure independently of returns, optimization, or trading strategies.
Empirical Validation of Structural Admissibility in Asset Price Trajectories
Knopp, S. (2026). Empirical Validation of Structural Admissibility in Asset Price Trajectories. SSRN Electronic Journal. Available at SSRN: https://ssrn.com/abstract=6127106
This paper empirically tests the structural admissibility framework across multiple asset classes, demonstrating that real price trajectories exhibit statistically significant, time-varying structural coherence compared to randomized surrogates.