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
Josephine Alvarez
This book has reignited my passion for reading. It reminded me of the sheer joy that can be found in losing oneself in the pages of a good story. I can't wait to explore more books now.
Kara Snyder
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.
Tasha Cobbett
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.
