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

ISBN-13: 9781846682629 / Angielski / Miękka / 2008 / 352 str.

Benoit B. Mandelbrot

Opis

Put simply, fractal geometry makes the complex simple. In this book the authors apply fractal geometry to the workings of financial markets. They show how stock prices, indexes, trading & exchange rates can be reduced to straightforward formulae that yield an accurate description of risk. 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. Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University. Richard L. Hudson is a former managing editor of Wall Street Journal Europe.

Recenzje

Mandelbrot is acknowledged as the father of chaos theory ... he is, simply, very clever indeed. Sunday Telegraph

O autorze

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.