The (Mis)Behaviour of Markets

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

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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 more

Product details

  • Paperback | 352 pages
  • 128 x 196 x 26mm | 280g
  • Profile Books Ltd
  • London, United Kingdom
  • English
  • Main
  • 1846682622
  • 9781846682629
  • 16,587

About Benoit B. Mandelbrot

Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University. Richard L. Hudson is a former managing editor of Wall Street Journal more

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 *show more

Review Text

Mandelbrot is acknowledged as the father of chaos theory ... he is, simply, very clever indeed. Sunday Telegraphshow more

Rating details

2,660 ratings
4.01 out of 5 stars
5 36% (956)
4 38% (1,013)
3 20% (526)
2 4% (115)
1 2% (50)
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