The (Mis)Behaviour of Markets
| Autor: | Hudson, Richard L. Mandelbrot, Benoit B. |
|---|---|
| EAN: | 9781846682629 |
| Sachgruppe: | Wirtschaft |
| Sprache: | Englisch |
| Seitenzahl: | 352 |
| Produktart: | Kartoniert / Broschiert |
| Veröffentlichungsdatum: | 06.11.2008 |
| Untertitel: | A Fractal View of Risk, Ruin and Reward |
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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.
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