Further legitimization of the separate-but-equal status of EMH and fractal finance is pursued. Research on the nonlinear models giving theoretical underpinning to equations representing mirror markets as complex dynamical systems is encouraged. Why some herding- and chartist-behaviors scale up and then die off whereas others result in significant crashes is explained. The buildup to the 2007 liquidity crisis offers an example of nonlinear scale-free dynamics. Concepts from complexity science, econophysics, and scale-free theory are used to offer further explanation to physicists’
mathematical treatments.