The (Mis)behaviour of Markets
A Fractal View of Risk, Ruin, and Reward
- ISBN: 9781846682629
- Editorial: Profile Books Ltd.
- Fecha de la edición: 2023
- Lugar de la edición: London. Reino Unido
- Encuadernación: Rústica
- Medidas: 21 cm
- Nº Pág.: 326
- Idiomas: Inglés
Papel: Rústica
28,58 €
Sin Stock. Disponible en 5/6 semanas.
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.
