The (Mis)Behaviour of Markets

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  • The (Mis)Behaviour of Markets Book Detail

  • Author : Benoit B. Mandelbrot
  • Release Date : 2010-10-01
  • Publisher : Profile Books
  • Genre : Business & Economics
  • Pages : 352
  • ISBN 13 : 1847651550
  • File Size : 82,82 MB

The (Mis)Behaviour of Markets by Benoit B. Mandelbrot PDF Summary

Book 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.

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