The (Mis)Behaviour of Markets (Paperback)

Benoit B. Mandelbrot

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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.


Product Details

  • Product code: BJDAS
  • ISBN: 9781846682629
  • Publisher: Profile Books Ltd
  • Format: Paperback
  • Dimensions: 19.7cm x 13.0cm
  • Pages: 352
  • Publish date: Thu Nov 06 00:00:00 GMT 2008
  • Book points: 8

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