The (Mis)Behaviour of Markets

A Fractal View of Risk, Ruin and Reward

Ranked #9 in Business Statistics, Ranked #22 in Corporate Financesee more rankings.

From the world-famous inventor of fractal geometry, a revolutionary new theory that turns on its head our understanding of how markets work. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf, a rocky coastline or static in a computer connection to a few simple mathematical properties - to make the complex simple. With his fractal tools, Benoit Mandelbrot has got to the bottom of how financial markets really work. He finds they have a shifting sense of time, a unique dimension and a wild kind of behaviour that makes them volatile, dangerous - and also... more

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Nassim Nicholas Taleb AuthorRecommends this book

James Owen Weatherall What Mandelbrot realised early on, at the start of the 1960s, was that the kind of assumptions about statistics that everyone was making were wrong. (Source)

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