“The market is not a machine. It is a living hierarchy of feedback.” The Micro Frame: Bouchaud and the Square-Root Law Zoom in to the smallest scale of trading and you find an elegant regularity.Jean-Philippe Bouchaud and his collaborators discovered...
The Living Geometry of Markets Financial markets never sit still. They breathe, reorganise, and mutate. Every trade alters the structure that the next trade must navigate. This is reflexivity in motion, the continuous feedback loop between perception and price where...
