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

By: Richard Hudson (author), Benoit B. Mandelbrot (author)eBook

Description

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.

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Product Details

  • publication date: 01/10/2010
  • ID: 9781847651556
  • book language: en
  • publisher: Profile Books
  • publisher imprint: Profile Books

Supported Platforms

  • Android   Epub DRM Yes
  • Ereader   Epub DRM Yes
  • Desktop   Epub DRM Yes
  • IOS   Epub DRM Yes
  • Windows   Epub DRM Yes

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