Misbehavior of Markets A Fractal View of Financial Turbulence

Name: Misbehavior of Markets A Fractal View of Financial Turbulence
Price: 4.77 USD
Availability: InStock
ISBN: 9780465043576

ISBN-10: 0465043577

ISBN-13: 9780465043576

Edition: 5th 2008

Authors: Benoit Mandelbrot, Richard L. Hudson

List price: $18.99

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Description:

The (Mis)Behavior of Markets is a revolutionary reevaluation of the standard tools and models of modern financial theory. Mathematical superstar and inventor of fractal geometry Benoit Mandelbrot joins with science journalist and former Wall Street Journal editor Richard L. Hudson, to reveal what a fractal view of the world of finance looks like. The markets, we learn, are far riskier than we have wanted to believe. From the gyrations of IBM's stock price and the Dow, to cotton trading, and the dollar-Euro exchange rate-Mandelbrot shows that the world of finance can be understood in more accurate, and volatile, terms than the tired theories of yesteryear. Book jacket.

Book details

List price: $18.99
Edition: 5th
Copyright year: 2008
Publisher: Basic Books
Publication date: 3/7/2006
Binding: Paperback
Pages: 368
Size: 6.00" wide x 9.25" long x 0.75" tall
Weight: 1.034
Language: English



Abstract


Acknowledgments


Prelude: Introducing a Maverick in Science



The Old Way



Risk, Ruin, and Reward



By the Toss of a Coin or the Flight of an Arrow?



Bachelier and His Legacy



The House of Modern Finance



The Case Against the Modern Theory of Finance


Pictorial Essay: Images of the Abnormal



The New Way



Turbulent Markets: A Preview



Studies in Roughness: A Fractal Primer


Pictorial Essay: A Fractal Gallery



The Mystery of Cotton



Long Memory, from the Nile to the Marketplace



Noah, Joseph, and Market Bubbles



The Multifractal Nature of Trading Time



The Way Ahead



Ten Heresies of Finance



In the Lab


Notes


Bibliography


Index