Fractals and Economics.

Fractal An adjective or a noun representing complex configurations having scale-free characteristics or selfsimilar properties. Mathematically, any fractal can be characterized by a power law distribution. Power law distribution For this distribution the probability density is given by a power law, p(r) D c r 1, where c and are positive constants. Foreign exchange market A free market of currencies, exchanging money in one currency for other, such as purchasing a United States dollar (USD) with Japanese yen (JPY). The major banks of the world are trading 24 hours and it is the largest market in the world.