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.
Publisher: Profile Books Ltd
Number of pages: 352
Weight: 294 g
Dimensions: 198 x 129 x 21 mm
Mandelbrot is acknowledged as the father of chaos theory ... he is, simply, very clever indeed. * Sunday Telegraph *
The reader gets a clear picture of the history of finance theory ... the best financial read * Financial Times *
Entertainingly written ... this book is a brain-opener that adds hugely to our sum of knowledge. * Director *