The (Mis)Behaviour of Markets

A Fractal View of Risk, Ruin and Reward

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

Buch | Softcover

352 Seiten

2005 | Main
Profile Books Ltd (Verlag)
978-1-86197-790-8 (ISBN)

Infos

From the world-famous inventor of fractal geometry, a revolutionary new theory that turns on its head our understanding of how markets work. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf, a rocky coastline or static in a computer connection to a few simple mathematical properties - to make the complex simple. With his fractal tools, Benoit Mandelbrot has got to the bottom of how financial markets really work. He finds they have a shifting sense of time, a unique dimension and a wild kind of behaviour that makes them volatile, dangerous - and also beautiful. In Mandelbrot's fractal models, the complex gyrations of IBM's stock price, the FTSE 100, cotton trading and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved.

Autor

Richard L. Hudson is a former managing editor of Wall Street Journal Europe.

Produkt-Details

• Erscheint lt. Verlag: 21.7.2005
• Verlagsort: London
• Sprache: englisch
• Maße: 129 x 197 mm
• Gewicht: 240 g
• Themenwelt: Mathematik / Informatik ► Mathematik ► Geometrie / Topologie
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• ISBN-10: 1-86197-790-5 / 1861977905
• ISBN-13: 978-1-86197-790-8 / 9781861977908
• Zustand: Neuware