| Author | : Benoit B. Mandelbrot |
| File Size | : 53,6 Mb |
| Publisher | : Profile Books |
| Language | : English |
| Release Date | : 01 October 2010 |
| ISBN | : 9781847651556 |
| Pages | : 352 pages |
The Mis Behaviour of Markets by Benoit B. Mandelbrot Book PDF Summary
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.