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

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.

• Book Type :

Science & Mathematics

• Book Binding :

Paperback

• Language :

English

• Number of Pages :

352 pages

• ISBN - 10 :

1846682622

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

6 Nov 2008

• Resource:

Textbooks, Science & Mathematics Books for Students, Teachers, Graudates, Professionals and all others

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