We live in a complex world where we are overwhelmed by data, but information is hard to extract and the consequences of our actions are difficult to predict. Humans have learned to navigate this complexity quite efficiently. Mathematics, statistics, and machines are still far less capable. In...

The scaling properties encompass in a simple analysis many of the volatility characteristics of financial markets. That is why we use them to probe the different degree of markets development. We empirically study the scaling properties of daily Foreign Exchange rates, Stock Market indices and...