The Misbehavior of Markets

Average vote of 109
| 5 total contributions of which 5 reviews , 0 quotes , 0 images , 0 notes , 0 video
From the inventor of fractal geometry, a revolutionary new theory that overturns our understanding of how markets work.

Benoit B. Mandelbrot, one of the century's most influential mathematicians, is world-famous for making mathematical sense of a

Benoit B. Mandelbrot, one of the century's most influential mathematicians, is world-famous for 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 classic lines we can now add another example: Markets are not the safe bet your broker may claim. In his first book for a general audience, Mandelbrot, with co-author Richard L. 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 financier in the world--simply does not work.

As he did for the physical world in his classic The Fractal Geometry of Nature, Mandelbrot here uses fractal geometry to propose a new, more accurate way of describing market behavior. The complex gyrations of IBM's stock price and the dollar-euro exchange rate can now be reduced to straightforward formulae that yield a far better model of how risky they are. With his fractal tools, Mandelbrot has gotten to the bottom of how financial markets really work, and in doing so, he describes the volatile, dangerous (and strangely beautiful) properties that financial experts have never before accounted for. The result is no less than the foundation for a new science of finance. ...Continua

Ha scritto il 08/02/12
In these turbulent economy we seem to be victims of the financial markets. Benoit Mandelbrot, famous mathematician and inventor of fractal geometry, joined forces with Richard Hudson, to write a book about financial theory. “The (Mis)behavior of Mark ...Continua
  • 1 mi piace
Ha scritto il 18/11/10
the mathematical basis of the Black Swan
Ha scritto il 09/06/10
Excellent book - well written and very interesting. Would have been useful when studying Finance at the university - it explains classical models in a simple yet correct way. And Mandelbrot is a genius.
Ha scritto il 06/09/09
This book offers some key points on fractals, by the pen of it's creator(the person that formalized it into a theory, more correctly), it's offers a fruitful introduction to the topic, and what it lacks in rigor, it makes up in relating events in the ...Continua
Ha scritto il 17/12/07
SPOILER ALERT
http://www.BookCrossing.com/journal/5688900
http://groups.google.com/group/bibliobank/msg/349403a7560c2f71
  • 1 mi piace

- TIPS -
Nessun elemento trovato
Aggiungi per primo una citazione!

- TIPS -
Nessun elemento trovato
Aggiungi per primo una immagine!

- TIPS -
Nessun elemento trovato
Aggiungi per primo una nota!

- TIPS -
Nessun elemento trovato
Aggiungi per primo un video!

Lorem Ipsum Color sit Amet
di Nome Autore
Lorem ipsum dolor sit amet, consectetur Suspendisse varius consequat feugiat.
Scheda libro
Aggiungi