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

  • Book
  • Sep 18, 1997
  • #Finance #Economics
Benoît B. Mandelbrot
@BenotBMandelbrot
(Author)
www.goodreads.com
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4.08/5 157 ratings
1 Recommender
1 Mention
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 re... Show More

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.

(From Goodreads)

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Number of Pages: 352

ISBN: 1846682622

ISBN-13: 9781846682629

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Jim OShaughnessy @JimOShaughnessy · Oct 6, 2021
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Thanks for listening Bobby, I think that's an amazing book, hope you enjoy it as much as I do, cheers
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