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The (mis)behaviour of markets
Paperback
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- Book 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 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.
- Product Details
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- ISBN
- 9781846682629
- Format
- Paperback
- Publisher
- Profile Books, (06 November 2008)
- Number of Pages
- 326
- Weight
- 238 grams
- Language
- English
- Dimensions
- 194 x 128 x 24 mm
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