by Benoit B . Mandelbrot (Author), RichardL.Hudson (Author)
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.
Format: Paperback
Pages: 288
Publisher: Profile Books
Published: 21 Jul 2005
ISBN 10: 1861977905
ISBN 13: 9781861977908