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

Mandelbrot, Benoit B.

ISBN 10: 1861977905 / ISBN 13: 9781861977908

Edité par Profile Books, 2005

A propos de cet article

Most items will be dispatched the same or the next working day. A copy that has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged.

N° de réf. du vendeur wbs9138582519

Détails bibliographiques

• Titre: The (Mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward
• Éditeur: Profile Books
• Date de parution: 2005
• Langue: anglais
• ISBN à 10 chiffres: 1861977905
• ISBN à 13 chiffres: 9781861977908
• Reliure: Couverture souple
• État de l'article: Very Good
• Poids: 240 grammes

A propos de ce titre

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.

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.