The (Mis)Behaviour of Markets - A Fractal View of Risk, Ruin and Reward (Paperback, Main)

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.

General

Imprint:	Profile Books Ltd
Country of origin:	United Kingdom
Release date:	November 2008
Authors:	Benoit B. Mandelbrot • Richard L. Hudson
Dimensions:	200 x 130 x 25mm (L x W x T)
Format:	Paperback
Pages:	326
Edition:	Main
ISBN-13:	978-1-84668-262-9
Categories:	Books > Business & Economics > Economics > General
LSN:	1-84668-262-2
Barcode:	9781846682629

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