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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.
Peso | 0.290000 |
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Nombre del autor | Mandelbrot, Benoit B. ; Hudson, Richard L. |
Editorial | PROFILE BOOKS |
Alto | 19.80 |
Ancho | 12.90 |
Año de edición | 2008 |
Formato | Rústica |
Número de Páginas | 352 |
ISBN | 9781846682629 |
Idioma | Inglés |