Comment on ``Turbulent cascades in foreign exchange markets''

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dc.creatorArneodo, Alain
dc.creatorBouchaud, Jean-Philippe
dc.creatorCont, Rama
dc.creatorMuzy, Jean-Francois
dc.creatorPotters, Marc
dc.creatorSornette, Didier
dc.creator.
dc.date1996-07-17
dc.date.accessioned2026-07-07T03:08:45Z
dc.date.available2026-07-07T03:08:45Z
dc.descriptionRecently, Ghashghaie et al. have shown that some statistical aspects of fully developed turbulence and exchange rate fluctuations exhibit striking similarities (Nature 381, 767 (1996)). The authors then suggested that the two problems might be deeply connected, and speculated on the existence of an `information cascade' which would play the role in finance of the well known Kolmogorov energy cascade in turbulence. Here we want to convince the reader that the two problems differ on a fundamental aspect, namely, correlations.
dc.descriptionLaTeX, 4 pages + 2 postscript figures, submitted to Nature
dc.identifierhttps://arxiv.org/abs/cond-mat/9607120
dc.identifierhttp://arxiv.org/abs/cond-mat/9607120
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/27615
dc.subjectCondensed Matter
dc.titleComment on ``Turbulent cascades in foreign exchange markets''
dc.typetext

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