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The (Mis) Behaviour of Markets
Benoit B. Mandelbrot
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Description for The (Mis) Behaviour of Markets
Paperback. Includes material on the market crisis. This book presents models where 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. Num Pages: 352 pages, illustrations. BIC Classification: KC. Category: (G) General (US: Trade). Dimension: 197 x 130 x 23. Weight in Grams: 288.
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 ... Read more
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 ... Read more
Product Details
Publisher
Profile Books Ltd United Kingdom
Number of pages
352
Format
Paperback
Publication date
2008
Condition
New
Number of Pages
352
Place of Publication
London, United Kingdom
ISBN
9781846682629
SKU
V9781846682629
Shipping Time
Usually ships in 5 to 9 working days
Ref
99-98
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 Europe.
Reviews for The (Mis) Behaviour of Markets
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
... Read more
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
... Read more