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(Mis)Behaviour of Markets

Benoit B. Mandelbrot

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      Format: Paperback / softback

      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.
      CONTRIBUTORS: Benoit B. Mandelbrot EAN: 9781846682629 COUNTRY: United Kingdom PAGES: WEIGHT: 294 g HEIGHT: 198 cm
      PUBLISHED BY: Profile Books Ltd DATE PUBLISHED: 2008-11-06 CITY: GENRE: BUSINESS & ECONOMICS / Budgeting, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Economics / General, MATHEMATICS / Geometry / General WIDTH: 129 cm SPINE:

      Book Themes:

      Economics, Finance and the finance industry, Personnel and human resources management, Fractal geometry

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      Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University. Richard L. Hudson is a former managing editor of Wall Street Journal Europe.

      Format: Paperback / softback

      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.
      CONTRIBUTORS: Benoit B. Mandelbrot EAN: 9781846682629 COUNTRY: United Kingdom PAGES: WEIGHT: 294 g HEIGHT: 198 cm
      PUBLISHED BY: Profile Books Ltd DATE PUBLISHED: 2008-11-06 CITY: GENRE: BUSINESS & ECONOMICS / Budgeting, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Economics / General, MATHEMATICS / Geometry / General WIDTH: 129 cm SPINE:

      Book Themes:

      Economics, Finance and the finance industry, Personnel and human resources management, Fractal geometry

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      Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University. Richard L. Hudson is a former managing editor of Wall Street Journal Europe.

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