(Mis)Behaviour of Markets

(Mis)Behaviour of Markets

4.02 (2,817 ratings by Goodreads)
  • Paperback
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Description

Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf, a rocky coastline or a static in a computer connection to a few simple mathematical properties - to make the complex simple. With his fractal tools, Benoit Mandelbrot has got to the bottom of how financial markets really work. He finds they have a shifting sense of time, a unique dimension and a wild kind of behaviour that makes them volatile, dangerous - and also beautiful. In Mandelbrot's fractal models, the complex gyrations of IBM's stock price, the FTSE 100 cotton trading and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved.show more

Product details

  • Paperback | 348 pages
  • 130 x 192 x 26mm | 322.06g
  • Profile Books Ltd
  • London, United Kingdom
  • 1861977905
  • 9781861977908
  • 707,612

Review quote

'Surprisingly entertaining ... As the founder of fractal geometry and the discoverer of the Mandelbrot set Mandelbrot is acknowledged as the father of chaos theory ... he is, simply, very clever indeed.' Martin Baker, Sunday Telegraph 'The reader gets a clear picture of the history of finance theory ... the best financial read since Nassim Nicholas Taleb's Fooled by Randomness.' Philip Coggan, Financial Times 'One of the 20th century's most celebrated mathematicians ... devastating analysis.' Financial Timesshow more

About Benoit B. Mandelbrot

Benoit Mandelbrot is Professor of Mathematical Sciences at Yale University. He is the inventor of fractal geometry, he was a leading figure in James Gleick's Chaos and has received the Wolf Prize in Physics, the Japan Prize in science and technology and numerous other awards. Richard Hudson is the former managing editor of Wall Street Journal Europeshow more

Rating details

2,817 ratings
4.02 out of 5 stars
5 36% (1,020)
4 38% (1,066)
3 20% (559)
2 4% (121)
1 2% (51)
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