Description

This international bestseller, which foreshadowed a market crash, explains why it could happen again if we don't act now. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf or static in a computer connection to a few simple mathematical properties. With his fractal tools, Mandelbrot has got to the bottom of how financial markets really work. He finds they have a shifting sense of time and wild behaviour that makes them volatile, dangerous - and beautiful. In his models, the complex gyrations of the FTSE 100 and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved.

The (Mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward

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Paperback / softback by Benoit B. Mandelbrot , Richard L. Hudson

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This international bestseller, which foreshadowed a market crash, explains why it could happen again if we don't act now. Fractal... Read more

    Publisher: Profile Books Ltd
    Publication Date: 06/11/2008
    ISBN13: 9781846682629, 978-1846682629
    ISBN10: 1846682622

    Number of Pages: 352

    Non Fiction , Business, Finance & Law

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    Description

    This international bestseller, which foreshadowed a market crash, explains why it could happen again if we don't act now. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf or static in a computer connection to a few simple mathematical properties. With his fractal tools, Mandelbrot has got to the bottom of how financial markets really work. He finds they have a shifting sense of time and wild behaviour that makes them volatile, dangerous - and beautiful. In his models, the complex gyrations of the FTSE 100 and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved.

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