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The (Mis)Behaviour of Markets
Benoit B. Mandelbrot
Richard L. Hudson
其他書名
A Fractal View of Risk, Ruin and Reward
出版
Profile Books
, 2010-10-01
主題
Business & Economics / Budgeting
Business & Economics / Economics / General
Business & Economics / Finance / General
Mathematics / Geometry / General
ISBN
9781847651556
1847651550
URL
http://books.google.com.hk/books?id=zg91TAIs6bgC&hl=&source=gbs_api
EBook
SAMPLE
註釋
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.