The (Mis)Behaviour of Markets
A Fractal View of Risk, Ruin and Reward
1st Edition
Published on 1. October 2010
352 pages
978-1-84765-155-6 (ISBN)
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.
Reviews / Votes
Mandelbrot is acknowledged as the father of chaos theory ... he is, simply, very clever indeed. * Sunday Telegraph * The reader gets a clear picture of the history of finance theory ... the best financial read * Financial Times * Entertainingly written ... this book is a brain-opener that adds hugely to our sum of knowledge. * Director *All prices
More details
Language
English
Place of publication
London
United Kingdom
Target group
College/higher education
Professional and scholarly
Product notice
Reflowable
ISBN-13
978-1-84765-155-6 (9781847651556)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Benoit B. Mandelbrot | Richard L. Hudson
The (Mis)Behaviour of Markets
A Fractal View of Risk, Ruin and Reward
Book
11/2008
Profile Books Ltd
€16.50
Shipment within 3-4 weeks
Persons
Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University. Richard L. Hudson is a former managing editor of Wall Street Journal Europe.
