McCauley, Joseph L. - In: Physica A: Statistical Mechanics and its Applications 329 (2003) 1, pp. 213-221
The question of information cascades in finance appears in the literature. We use the dynamics of Kolmogorov's 1962 (K62) turbulence model, an example of multiaffine scaling, to illustrate how evidence for diffusion from large to small length scales, or correspondingly an information cascade...