The (Mis)Behaviour of Markets

Benoit B. Mandelbrot, Richard L. Hudson

ISBN 10: 1846682622 / ISBN 13: 9781846682629

Verlag: Profile Books Ltd, GB, 2008

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. Bestandsnummer des Verkäufers LU-9781846682629

Inhaltsangabe:

Benoit Mandelbrot, father of fractal geometry, revolutionised our understanding of the models of modern financial theory. This new edition includes material on the current market crisis, calling for an end to the tunnel vision of our bankers whose over-confidence in their understanding of markets ended in catastrophe.

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.

Bibliografische Details

Titel: The (Mis)Behaviour of Markets
Verlag: Profile Books Ltd, GB
Erscheinungsdatum: 2008
Einband: Paperback
Zustand: New
Auflage: Main.