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

Mandelbrot, Benoit B.

ISBN 10: 1846682622 / ISBN 13: 9781846682629

Published by Profile Books, 2008

About this Item

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.

Seller Inventory # rev2071790396

Bibliographic Details

• Title: The (Mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward
• Publisher: Profile Books
• Publication Date: 2008
• Language: English
• ISBN 10: 1846682622
• ISBN 13: 9781846682629
• Binding: paperback
• Condition: Very Good
• Weight: 280 grams

About this title

Synopsis

This international bestseller, which foreshadowed a market crash, explains why it could happen again if we don't act now. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf or static in a computer connection to a few simple mathematical properties. With his fractal tools, Mandelbrot has got to the bottom of how financial markets really work. He finds they have a shifting sense of time and wild behaviour that makes them volatile, dangerous - and beautiful. In his models, the complex gyrations of the FTSE 100 and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved.

About the Author

Benoit Mandelbrot is Professor of Mathematical Sciences at Yale University. He is the inventor of fractal geometry, he was 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 Hudson is the former managing editor of Wall Street Journal Europe