Benoit B. Mandelbrot, Richard L. Hudson

The (Mis)Behaviour of Markets (eBook, ePUB)

A Fractal View of Risk, Ruin and Reward

• Format: ePub

Produktbeschreibung

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.

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Produktdetails

• Verlag: Profile
• Seitenzahl: 352
• Erscheinungstermin: 1. Oktober 2010
• Englisch
• ISBN-13: 9781847651556
• Artikelnr.: 38356602

Autorenporträt

Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University. Richard L. Hudson is a former managing editor of Wall Street Journal Europe.

Rezensionen

Mandelbrot is acknowledged as the father of chaos theory ... he is, simply, very clever indeed. Sunday Telegraph