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

Mandelbrot, Benoit B.; Hudson Richard L.

ISBN 10: 1861977654 / ISBN 13: 9781861977656

Published by Profile Books LTD, London, 2004

About this Item

328pp. Tips and spine ends are bumped and rubbed. Top edge of rear board is bumped. Edges of jacket have creases. Jacket has heavy scratches. Text is unmarked.

Seller Inventory # 33355

Bibliographic Details

• Title: The (Mis) Behaviour of Markets: A Fraactaal View of Risk, Ruin and Reward
• Publisher: Profile Books LTD, London
• Publication Date: 2004
• ISBN 10: 1861977654
• ISBN 13: 9781861977656
• Binding: Hardcover
• Edition: First Edition.
• Condition: Very Good
• Dust Jacket Condition: Very Good Jacket

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.