Related papers: Comment on ``Turbulent cascades in foreign exchang…
Analogies between the price dynamics in the foreign exchange market and 3-dimensional fully developed turbulence were recently presented in Nature vol. 381, 767-769 (1996). Independently, we have carried out a study comparing the parallel…
A time series model for the FX dynamics is presented which takes into account structural peculiarities of the market, namely its heterogeneity and an information flow from long to short time horizons. The model emerges from an analogy…
A landmark of out-of-equilibrium physics is Kolmogorov's phenomenological theory of turbulence. However, the past 20 years have provided evidence of a new, universal type of turbulence cascade, which does not abide to Kolmogorov physics. To…
In this paper we show similarities between turbulence and financial systems. Motivated by similarities between the two systems, we construct a multiscale model for hierarchical financial structures that exhibits a constant cascade of wealth…
In this course we review the theory of incompressible homogeneous turbulence at an elementary level, and discuss the similarities and differences expected in the compressible case, relevant to the interstellar medium and molecular clouds.…
Turbulence exhibits significant velocity fluctuations even if the scale is much larger than the scale of the energy supply. Since any spatial correlation is negligible, these large-scale fluctuations have many degrees of freedom and are…
In incompressible and periodic statistically stationary turbulence, exchanges of turbulent energy across scales and space are characterised by very intense and intermittent spatio-temporal fluctuations around zero of the time-derivative…
In this paper we discuss the dynamical features of intermittent fluctuations in homogeneous shear flow turbulence. In this flow the energy cascade is strongly modified by the production of turbulent kinetic energy related to the presence of…
We study fluctuations of the local energy cascade rate $\Phi_\ell$ in turbulent flows at scales ($\ell$) in the inertial range. According to the Kolmogorov refined similarity hypothesis (KRSH), relevant statistical properties of $\Phi_\ell$…
Turbulence, ubiquitous in nature and across various systems, exhibits chaotic and intermittent fluctuations in space and time, defying precise prediction. For nearly a century, extensive efforts have been made to uncover the underlying…
Turbulent flows are out-of-equilibrium because the energy supply at large scales and its dissipation by viscosity at small scales create a net transfer of energy among all scales. Here, the energy cascade is approximated by a combined…
We address the experimentally observed non-Gaussian fluctuations for the energy injected into a closed turbulent flow at fixed Reynolds number. We propose that the power fluctuations mirror the internal kinetic energy fluctuations. Using a…
In three-dimensional turbulence, information of turbulent fluctuations at large scales is propagated to small scales. Here, we investigate the relation between the information flow and turbulent fluctuations described by a shell model. We…
In fluid turbulence, energy is transferred from a scale to another by an energy cascade that depends only on the energy dissipation rate. It leads by dimensional arguments to the Kolmogorov 1941 (K41) spectrum. Remarkably the normal modes…
Both the Kelvin wave and the Kolmogorov turbulence interpretations presented in the PRL, [v. 103, 084501 (2009) by J. Yepez, G. Vahala, L.Vahala and M. Soe, arXiv:0905.0159] are misleading, and much more theoretical analysis needs to be…
There is a growing interest in the relation between classical turbulence and quantum turbulence. Classical turbulence arises from complicated dynamics of eddies in a classical fluid. In contrast, quantum turbulence consists of a tangle of…
The understanding of turbulent flows is one of the biggest current challenges in physics, as no first-principles theory exists to explain their observed spatio-temporal intermittency. Turbulent flows may be regarded as an intricate…
The idea that chaotic set of quantum vortices can mimic classical turbulence, or at least reproduce many main features, is currently actively being developed. Appreciating significance of the challenging problem of the classical turbulence…
We show that the classical Kolmogorov and Richardson scaling laws in fully developed turbulence are consistent with a random Gaussian force field. Numerical simulations of a shell model approximation to the Navier-Stokes equations suggest…
Turbulent fluctuations exhibit universal scaling laws that are independent of large-scale statistics. It is often explained that such universality is caused by the loss of information about large-scale statistics during the cascade process.…