  We study a directed polymer model defined on a hierarchical diamond lattice,
where the lattice is constructed recursively through a recipe depending on a
branching number $b\in \mathbb{N}$ and a segment number $s\in \mathbb{N}$. When
$b\leq s$ previous work [27] has established that the model exhibits strong
disorder for all positive values of the inverse temperature $\beta$, and thus
weak disorder reigns only for $\beta=0$ (infinite temperature). Our focus is on
the so-called intermediate disorder regime in which the inverse temperature
$\beta\equiv \beta_{n}$ vanishes at an appropriate rate as the size $n$ of the
system grows. Our analysis requires separate treatment for the cases $b<s$ and
$b=s$. In the case $b<s$ we prove that when the inverse temperature is taken to
be of the form $\beta_{n}=\widehat{\beta} (b/s)^{n/2}$ for $\widehat{\beta}>0$,
the normalized partition function of the system converges weakly as $n \to
\infty$ to a distribution $\mathbf{L}(\widehat{\beta})$ depending continuously
on the parameter $\widehat{\beta}$. In the case $b=s$ we find a critical point
in the behavior of the model when the inverse temperature is scaled as
$\beta_{n}=\widehat{\beta}/n$; for an explicitly computable critical value
$\kappa_{b} > 0$ the variance of the normalized partition function converges to
zero with large $n$ when $\widehat{\beta}\leq \kappa_{b}$ and grows without
bound when $\widehat{\beta}>\kappa_{b}$. Finally, we prove a central limit
theorem for the normalized partition function when $\widehat{\beta}\leq
\kappa_{b}$.
