• The (Mis) Behaviour of Markets: A Fractal View of Risk, Ruin and Reward See large image

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

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    DescriptionBenoit Mandelbrot, father of fractal geometry, revolutionized 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.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 behavior 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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  • Full bibliographic data for The (Mis) Behaviour of Markets

    Title
    The (Mis) Behaviour of Markets
    Subtitle
    A Fractal View of Risk, Ruin and Reward
    Authors and contributors
    By (author) Benoit B. Mandelbrot, By (author) Richard L. Hudson
    Physical properties
    Format: Paperback
    Number of pages: 352
    Width: 130 mm
    Height: 194 mm
    Thickness: 26 mm
    Weight: 299 g
    Language
    English
    ISBN
    ISBN 13: 9781846682629
    ISBN 10: 1846682622
    Classifications

    BIC E4L: ECO
    Nielsen BookScan Product Class 3: S4.5
    BISAC V2.8: NON000000
    BIC subject category V2: KC
    Warengruppen-Systematik des deutschen Buchhandels: 27830
    BISAC V2.8: BUS027000
    LC subject heading: , , , ,
    DC22: 332.601514742
    Thema V1.0: KC
    Publisher
    Profile Books Ltd
    Imprint name
    Profile Business
    Publication date
    06 November 2008
    Publication City/Country
    London
    Author Information
    Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University. Richard L. Hudson is a former managing editor of Wall Street Journal Europe.
    Review quote
    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