In his first book for a general audience, Mandelbrot, with co-author 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 financer in the world--simply does not work.
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In his first book for a general audience, Mandelbrot, with co-author 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 financer in the world--simply does not work.
Read Less
Add this copy of The (Mis)behavior of Markets: A Fractal View of Risk, to cart. $50.00, like new condition, Sold by Night Lights rated 2.0 out of 5 stars, ships from Olancha, CA, UNITED STATES, published 2004 by Basic Books.
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Seller's Description:
Fine in new dust jacket. Group of tiny dots win top edge, otherwise as new. 352 p. Audience: General/trade. 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.
