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

Mandelbrot, Benoit B.; Hudson, Richard L.

ISBN 10: 1846682622 / ISBN 13: 9781846682629

Editore: Profile Books, 2008

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Photos included in listing. About the book: Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf, a rocky coastline or a static in a computer connection to a few simple mathematical properties - to make the complex simple. With his fractal tools, Benoit Mandelbrot has got to the bottom of how financial markets really work. He finds they have a shifting sense of time, a unique dimension and a wild kind of behaviour that makes them volatile, dangerous - and also beautiful. In Mandelbrot's fractal models, the complex gyrations of IBM's stock price, the FTSE 100 cotton trading and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved.

Codice articolo 474

Dati bibliografici

• Titolo: The (Mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward
• Editore: Profile Books
• Data di pubblicazione: 2008
• Lingua: Inglese
• ISBN 10: 1846682622
• ISBN 13: 9781846682629
• Rilegatura: Soft cover
• Condizione: New

Descrizione articolo

Riassunto

Benoit Mandelbrot, father of fractal geometry, revolutionised our understanding of the models of modern financial theory. This new edition includes material on the current market crisis, calling for an end to the tunnel vision of our bankers whose over-confidence in their understanding of markets ended in catastrophe.

Informazioni sugli autori

Benoit Mandelbrot was Professor of Mathematical Sciences at Yale University. He was the inventor of fractal geometry, a leading figure in James Gleick's Chaos and has received the Wolf Prize in Physics, the Japan Prize in science and technology and numerous other awards.

Richard L. Hudson is a former managing editor of Wall Street Journal Europe.