The (Mis)Behaviour of Markets

A Fractal View of Risk, Ruin and Reward

by Benoit B. Mandelbrot, Richard Hudson

Subject categories
ISBNs
  • 1847651550
  • 9781846682629
  • 9781847651556

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.


  • Profile Books; October 2010
  • ISBN: 9781847651556
  • Read online, or download in secure PDF or secure ePub format
  • Title: The (Mis)Behaviour of Markets
  • Author: Benoit B. Mandelbrot; Richard Hudson
  • Imprint: Profile Books
Subject categories
ISBNs
  • 1847651550
  • 9781846682629
  • 9781847651556

About The Author

Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University. Richard L. Hudson is a former managing editor of Wall Street Journal Europe.

Subject categories
ISBNs
  • 1847651550
  • 9781846682629
  • 9781847651556