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, London, 2004

About this Item

8vo. Orange boards, black lettered title to spine. xxiv, 328. Top page edges heavily foxed, a few spots to lower page edges. Still a very well kept copy, minimal signs of use.

Seller Inventory # 00006290

Bibliographic Details

• Title: The (mis)Behaviour of Prices: A Fractal View of Risk, Ruin, and Reward
• Publisher: Profile Books, London
• Publication Date: 2004
• Language: English
• ISBN 10: 1861977654
• ISBN 13: 9781861977656
• Binding: Hardcover
• Edition: First Edition, first impression.
• Condition: Very good
• Dust Jacket Condition: fine
• Seller catalogs:
  • Finance

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.