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

By (author) Benoit B. Mandelbrot , By (author) Richard L. Hudson

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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 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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  • Paperback | 352 pages
  • 128 x 196 x 26mm | 280g
  • 06 Nov 2008
  • Profile Books Ltd
  • Profile Business
  • London
  • English
  • 1846682622
  • 9781846682629
  • 21,535

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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.

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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

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