Fractals and Scaling in Finance: Discontinuity, Concentration, Risk. (SIGNED BY MANDELBROT.)

MANDELBROT, Benoit B. (1924-2010):

ISBN 10: 0387983635 / ISBN 13: 9780387983639

Published by Berlin, etc.: Springer, 1997., 1997

About this Item

FIRST EDITION. Original cloth. Near Fine, in near fine dust jacket. Signed by Benoit Mandelbrot. 'This is the first book in the Selecta, the collected works of Benoit Mandelbrot. This volume incorporates his original contributions to finance and is a major contribution to the understanding of how speculative prices vary in time. The chapters consist of much new material prepared for this volume, as well as reprints of his classic papers. Much of this work helps to lay a foundation for evaluating risks in trading strategies. Statistical Papers, 2000: '. . . this is a most useful collection of Mandelbrot's work in economics, it provides an excellent starting point for anybody interested in the origin of many current topics in empirical finance or the distribution of income' (Springer Web site).

Seller Inventory # 21097

Bibliographic Details

• Title: Fractals and Scaling in Finance: Discontinuity, Concentration, Risk. (SIGNED BY MANDELBROT.)
• Publisher: Berlin, etc.: Springer, 1997.
• Publication Date: 1997
• Language: English
• ISBN 10: 0387983635
• ISBN 13: 9780387983639
• Binding: Hardcover
• Edition: 1st Edition
• Condition: Near Fine
• Dust Jacket Condition: Near Fine
• Signed: Signed by Author(s)

About this title

Synopsis

IN 1959-61, while the huge Saarinen-designed research laboratory at Yorktown Heights was being built, much of IBM's Research was housed nearby. My group occupied one of the many little houses on the Lamb Estate complex which had been a sanatorium housing wealthy alcoholics. The picture below was taken about 1960. It shows from right to left, T. e. Hu, now at the University of California, Santa Barbara. I am next, staring at a network I have just written on the blackboard. Then comes Paul Gilmore, late of the University of British Columbia, then (seated) Richard Levitan, now retired, and at the left is Benoit Mandelbrot. x FOREWORD EF Even in a Lamb Estate populated exclusively with bright research­ oriented people, Benoit always stood out. His thinking was always fresh, and I enjoyed talking with him about any subject, whether technical, poli­ tical, or historical. He introduced me to the idea that distributions having infinite second moments could be more than a mathematical curiosity and a source of counter-examples. This was a foretaste of the line of thought that eventually led to fractals and to the notion that major pieces of the physical world could be, and in fact could only be, modeled by distrib­ utions and sets that had fractional dimensions. Usually these distributions and sets were known to mathematicians, as they were known to me, as curiosities and counter-intuitive examples used to show graduate students the need for rigor in their proofs.

Review

From the reviews
"Mandelbrot writes with economy and felicity, and he interperses the more mathematical sections with frank historical anecdotes ... All in all, this is a strange but wonderful book." (PHYSICS TODAY)

Statistical Papers, 2000: "... this is a most useful collection of Mandelbrot's work economics, it provides an excellent starting point for anybody interested in the origin of many current topics in empirical finance or the distribution of income."