The (Mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward
- ISBN-10
- 1846682622
- ISBN-13
- 9781846682629
- Category
- Capital market
- Pages
- 326
- Language
- English
- Published
- 2008
- Publisher
- Profile Books(GB)
- Authors
- Benoît B. Mandelbrot, Richard L. Hudson
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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Other editions
-
- 2010-10-01
- 352 pages
- Paperback
- Profile Books
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