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

Mandelbrot, Benoit B.; Hudson Richard L.

ISBN 10: 1861977654 / ISBN 13: 9781861977656

Editore: Profile Books LTD, London, 2004

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328pp. Tips and spine ends are bumped and rubbed. Top edge of rear board is bumped. Edges of jacket have creases. Jacket has heavy scratches. Text is unmarked.

Codice articolo 33355

Dati bibliografici

• Titolo: The (Mis) Behaviour of Markets: A Fraactaal View of Risk, Ruin and Reward
• Editore: Profile Books LTD, London
• Data di pubblicazione: 2004
• ISBN 10: 1861977654
• ISBN 13: 9781861977656
• Rilegatura: Hardcover
• Edizione: First Edition.
• Condizione: Very Good
• Condizione della sovraccoperta: Very Good Jacket

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.