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

Mandelbrot, Benoit B.; Hudson, Richard L.

Hardcover

ISBN 10: 1861977654 ISBN 13: 9781861977656

Verlag: Profile Books, 2004

Inhaltsangabe

From the world-famous inventor of fractal geometry, a revolutionary new theory that turns on its head our understanding of how markets work. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf, a rocky coastline or static in a computer connection to a few simple mathematical properties - to make the complex simple. With his fractal tools, Benoit Mandelbrot has got to the bottom of how financial markets really work. He finds they have a shifting sense of time, a unique dimension and a wild kind of behaviour that makes them volatile, dangerous - and also beautiful. In Mandelbrot's fractal models, the complex gyrations of IBM's stock price, the FTSE 100, cotton trading and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved.

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Über die Autorinnen und Autoren

Benoit Mandelbrot was Professor of Mathematical Sciences at Yale University. He was the inventor of fractal geometry, a leading figure in James Gleick's Chaos and has received the Wolf Prize in Physics, the Japan Prize in science and technology and numerous other awards.

Richard L. Hudson is a former managing editor of Wall Street Journal Europe.

Details zur Ausgabe

• Verlag: Profile Books
• Erscheinungsdatum: 2004
• Sprache: Englisch
• ISBN 10: 1861977654
• ISBN 13: 9781861977656
• Einband: Tapa dura
• Anzahl der Seiten: 325
• Kontakt zum Hersteller: {language_tag:es_ES,value:"Authorised Rep Compliance Limited"}