The (mis)behaviour of markets
a fractal view of risk, ruin, and reward
- ISBN: 9781861977656
- Editorial: Profile Books Ltd.
- Fecha de la edición: 2004
- Lugar de la edición: London. Reino Unido
- Encuadernación: Cartoné
- Medidas: 24 cm
- Nº Pág.: 328
- Idiomas: Inglés
Papel: Cartoné
37,22 €
Sin Stock. Disponible en 5/6 semanas.
Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf, a rocky coastline or static in a computer connection to a few simple mathematical properties # to make the complex simple. With his fractal tools, Benoit Mandelbrot has got to the bottom of how financial markets really work. He finds they have a shifting sense of time, a unique dimension and a wild kind of behaviour that makes them volatile, dangerous # and also beautiful. In Mandelbrot#s fractal models, the complex gyrations of IBM#s stock price, the FTSE 100, cotton trading and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved.
