The (Mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward,Used

The (Mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward,Used

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SKU: SONG1846682622
Brand: Profile Books
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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.

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This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

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