The Misbehavior of Markets : A Fractal View of Financial Turbulence

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Fractal patterns in finance: A new perspective.

The Misbehavior of Markets could be a good read for those interested in gaining a new perspective on the world of finance. With the use of fractal geometry, Mandelbrot is able to accurately explain the volatility and unpredictability of financial markets. This book is recommended for financial analysts, economists, and anyone involved with markets who are looking to challenge traditional theories and gain a deeper understanding of financial turbulence.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

The Misbehavior of Markets : A Fractal View of Financial Turbulence

Regular price $16.30
Unit price
per
ISBN: 9780465043576
Publisher: Basic Books
Date of Publication: 2006-03-07
Format: Paperback
Related Collections: Science, Philosophy, Business, Economics
Goodreads rating: 4.09
(rated by 5602 readers)

Description

A groundbreaking mathematician presents a new model for understanding financial marketsBenoit 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 Clouds are not round, mountains are not cones, coastlines are not smooth. To these insights we can now add another 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.
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Similar Reads

Fractal patterns in finance: A new perspective.

The Misbehavior of Markets could be a good read for those interested in gaining a new perspective on the world of finance. With the use of fractal geometry, Mandelbrot is able to accurately explain the volatility and unpredictability of financial markets. This book is recommended for financial analysts, economists, and anyone involved with markets who are looking to challenge traditional theories and gain a deeper understanding of financial turbulence.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.