The Mis Behavior of Markets Benoit B Mandelbrot one of the century s most influential mathematicians is world famous for making mathematical sense of a fact everybody knows but that geometers from Euclid on down had never assi
Benoit B Mandelbrot, one of the century s most influential mathematicians, is world famous for making mathematical sense of a fact everybody knows but that geometers from Euclid on down had never assimilated Clouds are not round, mountains are not cones, coastlines are not smooth To these classic lines we can now add another example Markets are not the safe bet your brBenoit B Mandelbrot, one of the century s most influential mathematicians, is world famous for making mathematical sense of a fact everybody knows but that geometers from Euclid on down had never assimilated Clouds are not round, mountains are not cones, coastlines are not smooth To these classic lines we can now add another example Markets are not the safe bet your broker may claim In his first book for a general audience, Mandelbrot, with co author Richard L Hudson, shows how the dominant way of thinking about the behavior of markets a set of mathematical assumptions a century old and still learned by every MBA and financier in the world simply does not work As he did for the physical world in his classic The Fractal Geometry of Nature, Mandelbrot here uses fractal geometry to propose a new, accurate way of describing market behavior The complex gyrations of IBM s stock price and the dollar euro exchange rate can now be reduced to straightforward formulae that yield a far better model of how risky they are With his fractal tools, Mandelbrot has gotten to the bottom of how financial markets really work, and in doing so, he describes the volatile, dangerous and strangely beautiful properties that financial experts have never before accounted for The result is no less than the foundation for a new science of finance.

Best Read [Benoît B. Mandelbrot Richard L. Hudson] ✓ The (Mis)Behavior of Markets  [Manga Book] PDF ☆ 267 Benoît B. Mandelbrot Richard L. Hudson

Title: Best Read [Benoît B. Mandelbrot Richard L. Hudson] ✓ The (Mis)Behavior of Markets  [Manga Book] PDF ☆
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Published :20200110T07:23:44+00:00
Beno t B Mandelbrot was a French mathematician, best known as the father of fractal geometry He was Sterling Professor of Mathematical Sciences, Emeritus at Yale University IBM Fellow Emeritus at the Thomas J Watson Research Center and Battelle Fellow at the Pacific Northwest National Laboratory He was born in Poland, but his family moved to France when he was a child he was a dual French and American citizen and was educated in France.