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The Misbehavior of Markets: A Fractal View of Financial Turbulence

By Benoit Mandelbrot, Richard L Hudson
eBook
$14.99
By Benoit Mandelbrot, Richard L Hudson
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A groundbreaking mathematician presents 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, show...

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