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 LTD, 2004

About this Item

The book is complete and readable, with all pages and cover intact. Dust jacket, shrink wrap, or boxed set case may be missing. Pages may have light notes, highlighting, or minor water exposure, but nothing that affects readability. May be an ex-library copy and could include library markings or stickers. Seller Inventory # BSM.J6RD

Bibliographic Details

Title: The (Mis)Behaviour of Prices : A Fractal ...

Publisher: Profile Books LTD

Publication Date: 2004

Binding: Hardcover

Condition: acceptable

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 Author:

Richard L. Hudson is a former managing editor of Wall Street Journal Europe.