The (Mis)Behaviour of Markets (eBook)

A Fractal View of Risk, Ruin and Reward

Benoit B. Mandelbrot, Richard L. Hudson (Autoren)

eBook Download: EPUB

2010
352 Seiten
ProFile (Verlag)
978-1-84765-155-6 (ISBN)

Infos

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.

Autor

Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University. Richard L. Hudson is a former managing editor of Wall Street Journal Europe.

Produkt-Details

• Erscheint lt. Verlag: 1.10.2010
• Verlagsort: London
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Freizeit / Hobby ► Sammeln / Sammlerkataloge
• Themenwelt: Mathematik / Informatik ► Mathematik ► Geometrie / Topologie
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• ISBN-10: 1-84765-155-0 / 1847651550
• ISBN-13: 978-1-84765-155-6 / 9781847651556