The (Mis)Behaviour of Markets

The (Mis)Behaviour of Markets
By:"Benoit B. Mandelbrot","Richard Hudson"
Published on 2010-10-01 by Profile Books

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.

This Book was ranked 5 by Google Books for keyword the-mis-behaviour-of-markets-a-fractal-view-of-risk-ruin-and-reward.

//hlok.qertewrt.com/offer?prod=101&ref=5057565