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.
Details of e-book The (Mis)Behaviour of Markets
- Author(s): Benoit B. Mandelbrot
- Title: The (Mis)Behaviour of Markets
- Rating: 4.5 out of 5 base on 1246 reviews
- Publisher: Profile Books; Main edition (October 1, 2010)
- ISBN-10: 1846682622
- ISBN-13: 9781846682629
- Language: English
- Print length: 353 pages
- Categories: Science & Math
Readers' opinions about The (Mis)Behaviour of Markets by Benoit B. Mandelbrot
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The depth of character development was astounding. I felt like I knew each person intimately, understanding their hopes, fears, and dreams. It made the story so much more meaningful.
This book is a treasure trove of knowledge and wisdom. The insights offered by the characters and their experiences have left a lasting impression on me.
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