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Item Details
Title:
THE (MIS)BEHAVIOUR OF MARKETS
A FRACTAL VIEW OF RISK, RUIN AND REWARD
By:
Benoit B. Mandelbrot, Richard L. Hudson
Format:
Paperback
List price:
£12.99
Our price:
£9.48
Discount:
27
% off
You save:
£3.51
ISBN 10:
1846682622
ISBN 13:
9781846682629
Availability:
Usually dispatched within 1-2 days.
Delivery rates
Stock:
Currently
24
available
Publisher:
PROFILE BOOKS LTD
Pub. date:
6 November, 2008
Edition:
Main
Pages:
352
Translated from:
English
Description:
Includes material on the market crisis. This book presents models where 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.
Synopsis:
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.
Publication:
UK
Imprint:
Profile Books Ltd
Returns:
Returnable
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