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

Mandelbrot, Benoit B.; Hudson, Richard L.

Couverture souple

ISBN 10 : 1861977905 ISBN 13 : 9781861977908

Editeur : Profile Books Ltd, 2005

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.

A propos du livre

À propos des auteurs

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.

Détails de l'édition

• Éditeur: Profile Books Ltd
• Date d'édition: 2005
• Langue: anglais
• ISBN 10: 1861977905
• ISBN 13: 9781861977908
• Reliure: Broché
• Nombre de pages: 352
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible