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.
Szczegóły książki:
- Tytuł oryginału
- The (Mis)Behaviour of Markets
- Data wydania
- 6 listopada 2008
- ISBN
- 9781846682629
- Liczba stron
- 326
- Słowa kluczowe
- Fraktale, ekonofizyka
- Język
- Angielski
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