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The (MIS)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward (Revised edition)

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The (MIS)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward - Mandelbrot, Benoit B
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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 ...

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The (MIS)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward 2009, Profile Books(GB), London, England

ISBN-13: 9781846682629

Revised edition

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