The (Mis)Behaviour of Markets

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

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

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.

The (Mis)Behaviour of Markets : A Fractal View of Risk, Ruin and Reward
  • Format: Paperback | 352 pages
  • Dimensions: 129 x 198 x 21mm | 294g
  • Publication date: 12 Sep 2012
  • Publisher: Profile Books Ltd
  • Publication City/Country: London, United Kingdom
  • Language: English
  • Edition Statement: Main
  • ISBN10: 1846682622
  • ISBN13: 9781846682629
  • Bestsellers rank: 45,532
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