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

Mandelbrot, Benoit B.; Hudson Richard L.

ISBN 10: 1861977654 / ISBN 13: 9781861977656

Published by Profile Books LTD, 2004

About this Item

Seller Inventory # U9781861977656

Bibliographic Details

Title: The (Mis)Behaviour of Prices : A Fractal ...

Publisher: Profile Books LTD

Publication Date: 2004

Binding: Hardcover

Condition: Very Good

Dust Jacket Condition: 16365759

Signed: 2/14/2025 12:22:34 PM

Edition: 1739535754.

About this title

Synopsis:

From the world-famous inventor of fractal geometry, a revolutionary new theory that turns on its head our understanding of how markets work. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf, a rocky coastline or 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.

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.