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

Benoit B. Mandelbrot,Richard L. Hudson

ISBN 10: 1846682622 / ISBN 13: 9781846682629

Editore: Profile Books November 2008, 2008

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Titolo: The (Mis)Behaviour of Markets: A Fractal ...

Casa editrice: Profile Books November 2008

Data di pubblicazione: 2008

Legatura: Trade Paperback

Condizione: Used

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Riassunto:

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.

Recensione:

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)