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

Mandelbrot, Benoit B.

ISBN 10: 1861977654 / ISBN 13: 9781861977656

Editore: Profile Books, 2004

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Most items will be dispatched the same or the next working day. A copy that has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged.

Codice articolo wbs1534304506

Dati bibliografici

• Titolo: The (mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward
• Editore: Profile Books
• Data di pubblicazione: 2004
• Lingua: Inglese
• ISBN 10: 1861977654
• ISBN 13: 9781861977656
• Rilegatura: Rilegato
• Condizione: Very Good

Descrizione articolo

Riassunto

From the world-famous inventor of fractal geometry, a revolutionary new theory that turns on its head our understanding of how markets work. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf, a rocky coastline or 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.

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.