# Publications — vsasset.com _Hand-curated subset of finance-relevant work. Full publication list and canonical machine-readable bundles live at https://samirvarma.com/llms.txt. The PDF / Markdown / CITATION.cff links below all point to the canonical copies on samirvarma.com._ > First-person Samir voice, factual, no marketing register. ## [2026] Within-Venue Monitoring of BTC/USDT Liquidity and Resiliency on Binance: A Queueing-Theoretic Framework - DOI: https://doi.org/10.3390/jrfm19050372 - Venue: Journal of Risk and Financial Management 19(5), art. 372 (2026) - Type: article (author) - PDF: https://samirvarma.com/publications/2026-bitcoin-liquidity-resiliency/2026_Varma_JRFM_BTCUSDTLiquidityResiliency.pdf - Markdown: https://samirvarma.com/publications/2026-bitcoin-liquidity-resiliency/2026_Varma_JRFM_BTCUSDTLiquidityResiliency.md - Citation: https://samirvarma.com/publications/2026-bitcoin-liquidity-resiliency/CITATION.cff - Description: Develops a queueing-theoretic framework for within-venue monitoring of order-book liquidity and resiliency on a single trading venue, applied to BTC/USDT on Binance. Treats limit-order arrivals, executions, and cancellations as a queueing system whose stationary characteristics reveal the venue's depth and recovery dynamics. Establishes liquidity and resiliency metrics computable from public market data alone, and demonstrates the framework on real Binance feeds. ## [2025] The False Promise of Drawdown Rules: New Evidence and a Better Framework - DOI: https://doi.org/10.3905/jpm.2025.1.765 - Venue: Journal of Portfolio Management 52(1), 145–161 (2025) - Type: article (author) - PDF: https://samirvarma.com/publications/2025-drawdown-rules/2025_Varma_JPM_DrawdownRules.pdf - Markdown: https://samirvarma.com/publications/2025-drawdown-rules/2025_Varma_JPM_DrawdownRules.md - Citation: https://samirvarma.com/publications/2025-drawdown-rules/CITATION.cff - Description: Examines when stop-loss-style drawdown rules deliver their advertised protection and when they cause greater losses than the unmanaged drawdown would have produced. Reviews the optimal-stopping foundations and contrasts theoretical promises with practitioner outcomes. Develops a practical framework for portfolio managers, with principles that hold across market regimes and strategies — focused on clear, actionable rules rather than complex econometrics. ## [2026] Quantum Theory Meets Gravity (edited volume) - DOI: https://doi.org/10.5772/intechopen.1004960 - ISBN: 978-1-83634-601-2 - Venue: IntechOpen (London, 2026) - Type: book-edited (editor) - PDF: https://samirvarma.com/publications/2025-quantum-theory-meets-gravity/2025_BakerMinicVarma_IntechOpen_QuantumTheoryMeetsGravity.pdf - Markdown: https://samirvarma.com/publications/2025-quantum-theory-meets-gravity/2025_BakerMinicVarma_IntechOpen_QuantumTheoryMeetsGravity.md - Citation: https://samirvarma.com/publications/2025-quantum-theory-meets-gravity/CITATION.cff - Description: Open-access edited volume (IntechOpen, 2026) bringing together five chapters at the intersection of quantum mechanics and general relativity. Topics span gravitational effects on quantum interference, black-hole thermodynamics, extra dimensions, and supersymmetry. Edited by Oliver K. Baker, Djordje Minic, and Samir Varma. Reader's guide at samirvarma.substack.com/p/a-readers-guide-to-quantum-theory. ## [2025] The Science of Free Will - ISBN: 978-1-80341-731-8 - Venue: Iff Books (Collective Ink), 2025 - Type: book (author) - PDF: https://samirvarma.com/publications/2024-science-of-free-will/2025_Varma_IffBooks_ScienceOfFreeWill.pdf - Markdown: https://samirvarma.com/publications/2024-science-of-free-will/2025_Varma_IffBooks_ScienceOfFreeWill.md - Citation: https://samirvarma.com/publications/2024-science-of-free-will/CITATION.cff - Description: A book-length argument that strict determinism remains the cleanest scientific stance on free will, traced through physics, neuroscience, AI, and everyday life. Foreword by Tyler Cowen.