The (Mis)Behaviour of Markets :A Fractal View of Risk, Ruin and Reward
The (Mis)Behaviour of Markets :A Fractal View of Risk, Ruin and Reward
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Published:
6 November, 2008
paperback
Published:
6 November, 2008
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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.
More Details
| Type | Book |
|---|---|
| ISBN13 | 9781846682629 |
| ISBN10 | 1846682622 |
| Number Of Pages | 352 |
| Item Weight | 238 g |
| Product Dimensions | 128 x 194 x 24 mm |
| Publisher / Reseller | Profile Books Ltd |
| Format | paperback |
| Edition | Main |
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Media Reviews
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 *
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Author's Bio
Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University. Richard L. Hudson is a former managing editor of Wall Street Journal Europe.