The (Mis)Behaviour of Markets

The (Mis)Behaviour of Markets - Benoit B. Mandelbrot, Richard L. Hudson | Karta-nauczyciela.org We are pleased to present book , written by . Download book in PDF, TXT, FB2 or any other format possible on karta-nauczyciela.org.

INFORMATION

AUTHOR
Benoit B. Mandelbrot, Richard L. Hudson
DIMENSION
4,14 MB
FILE NAME
The (Mis)Behaviour of Markets.pdf
ISBN
9809162366031

DESCRIPTION

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.

This international bestseller, which foreshadowed a market... . • Market professionals say that market timing is a fool's game, but the facts prove otherwise.

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