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

Mandelbrot, Benoit B.; Richard L. Hudson

ISBN 10: 1846682622 / ISBN 13: 9781846682629

Published by Profile Books (edition Main), 2008

About this Item

It's a well-cared-for item that has seen limited use. The item may show minor signs of wear. All the text is legible, with all pages included. It may have slight markings and/or highlighting.

Seller Inventory # 1846682622-8-1

Bibliographic Details

• Title: The (Mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward
• Publisher: Profile Books (edition Main)
• Publication Date: 2008
• Language: English
• ISBN 10: 1846682622
• ISBN 13: 9781846682629
• Binding: Paperback
• Edition: Main.
• Condition: Very Good

About this title

Synopsis

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.

About the Authors

Benoit Mandelbrot was Professor of Mathematical Sciences at Yale University. He was the inventor of fractal geometry, 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 L. Hudson is a former managing editor of Wall Street Journal Europe.