The Misbehavior of Markets: A Fractal View of Financial Turbulence
The Misbehavior of Markets: A Fractal View of Financial Turbulence
Mandelbrot, Benoit
product information
Condition: New, UPC: 9780465043576, Publication Date: Wed, March 1, 2006, Type: Paperback ,
join & start selling
description
esents a new model for understanding financial markets

Benoit B. Mandelbrot is world-famous for inventing fractal geometry, making mathematical sense of a fact everybody knows but that geometers from Euclid on down had never assimilated: Clouds are not round, mountains are not cones, coastlines are not smooth. To these insights we can now add another example: Markets are not the safe bet your broker may claim.

Mandelbrot, with co-author Richard L. Hudson, shows how the dominant way of thinking about the behavior of markets--a set of mathematical assumptions a century old and still learned by every MBA and financier in the world--simply does not work. He uses fractal geometry to propose a new, more accurate way of describing market behavior. From the gyrations of the Dow to the dollar-euro exchange rate, Mandlebrot shows how to understand the volatility of markets in far more accurate terms than the failed theories that have repeatedly brought the financial system to the brink of disaster. The result is no less than the foundation for a new science of finance.

reviews

Be the first to write a review

member goods

No member items were found under this heading.

notems store

Holy Bible-KJV

by Vafiadis, George

Audio /MP3 CD

$11.62

49 Days

by Lee, Agnes

Paperback /Paperback

Being Human During Covid

by Hass, Kristin

Paperback /Paperback

$28.45

listens & views

KING ANIMAL

by SOUNDGARDEN

VINYL LP

out of stock

$59.99

PEACE HOPE & WONDER: CHRISTMAS ...

by TERRY,MONA

COMPACT DISC

out of stock

$17.49

BUDDIES & BONES

by TROMBONITA,VERA AND SEGOND VON BANCHET

COMPACT DISC

out of stock

$16.49

Return Policy

All sales are final

Shipping

No special shipping considerations available.
Shipping fees determined at checkout.