The (Mis)Behaviour of Markets
The (Mis)Behaviour of Markets
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Summary
Includes material on the market crisis. This book presents models where 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.
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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 *
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 |