The (Mis)Behaviour of Markets by Benoit B Mandelbrot

The (Mis)Behaviour of Markets by Benoit B Mandelbrot

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.

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 *

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

SKU	Unavailable
ISBN 13	9781846682629
ISBN 10	1846682622
Title	The (Mis)Behaviour of Markets
Author	Benoit B Mandelbrot
Condition	Unavailable
Binding Type	Paperback
Publisher	Profile Books Ltd
Year published	2008-11-06
Number of pages	352
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note	Unavailable