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The (Mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward by Benoit B. Mandelbrot, Richard L. Hudson (Paperback, 2008)

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Benoit Mandelbrot, father of fractal geometry, revolutionised our understanding of the models of modern financial theory. This new edition includes material on the current market crisis, calling for an end to the tunnel vision of our bankers whose over-confidence in their understanding of markets ended in catastrophe. 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.

Product Identifiers

Publisher
Profile Books
ISBN-13
9781846682629
eBay Product ID (ePID)
90938213

Product Key Features

Author
Benoit B. Mandelbrot, Richard L. Hudson
Publication Name
The (Mis) Behaviour of Markets: a Fractal View of Risk, Ruin and Reward
Format
Paperback
Language
English
Subject
Government, Finance, Mathematics, Management
Publication Year
2008
Type
Textbook
Number of Pages
352 Pages

Dimensions

Item Height
198mm
Item Width
129mm
Item Weight
294g

Additional Product Features

Title_Author
Benoit B. Mandelbrot, Richard L. Hudson
Country/Region of Manufacture
United Kingdom

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The (Mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward by Benoit B. Mandelbrot, Richard L. Hudson (Paperback, 2008)

About this product

Product Information

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

Best Selling in Adult Learning & University

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The most readible book on practical use of a probability.