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

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Hudson, Richard L., Mandelbrot, Benoit

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ISBN:9781846682629
Editorial: Profile Books
Fecha de la edición:2008
Encuadernación:
Nº Pág.:288
Idiomas:Ingles,Inglés

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/ Sistema Financiero

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.