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.
The (Mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward
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Author: Mandelbrot, Benoit B.
Binding: Paperback
ISBN: 9781846682629
Details:
Author: Mandelbrot, Benoit B.
Brand: PROFILE BOOKS
Edition: Main
Features:
- New
- Mint Condition
- Dispatch same day for order received before 12 noon
- Guaranteed packaging
- No quibbles returns
Binding: Paperback
Number Of Pages: 352
Release Date: 06-11-2008
Part Number: 41474
Package Dimensions: 7.8 x 5.1 x 0.9 inches Languages: English
EAN: 9781846682629
