THE (MIS) BEHAVIOUR OF MARKETS - A FRACTAL VIEW OF RISK, RUIN AND REWARD

• Date de parution : 06/11/2008
• Editeur : Profile Books
• EAN : 9781846682629
• Série : (-)
• Support : Poche

• Nombre de pages : 352
• Collection : (-)
• Genre : Enseignement universitaire
• Thème : Universitaire, ouvrages de références, Essais, Livres en langue étrangère
• Prix littéraire(s) : (-)

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... Voir plus

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.