Vindel, Jose M.; Trincado, Estrella - In: Physica A: Statistical Mechanics and its Applications 389 (2010) 24, pp. 5749-5758
This article shows turbulent behavior in a series of financial indexes assuming that they follow a cascade process of the same type as do turbulent fluids. With such a model, the energy flux between the eddies that emerge in the fluid is analogous to the financial information flux over the...