Stock Markets, Fat Tails, Persistence, Multifractals, Links to Physical Turbulence

Does anyone here know much about these topics? I understand they surround the absence of normally distrubted returns, excessive kurtosis. Fat tails somehow disprove the EMH? Can anyone explain this argument?



I've been advised that there are links to turbulence in fluid dynamics, joined by the...



Stock Markets, Fat Tails, Persistence, Multifractals, Links to Physical Turbulence

Stock Markets, Fat Tails, Persistence, Multifractals, Links to Physical Turbulence