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Author Mandelbrot, Benoit B.

Title The (mis)behavior of markets : a fractal view of risk, ruin, and reward / Benoit B. Mandelbrot and Richard L. Hudson
Published New York : Published by Basic Books, [2004]


Location Call no. Vol. Availability
 MELB  332.01 Man/Mom  AVAILABLE
Description xxiv, 328 pages : illustrations ; 24 cm
Contents 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 -- Turbulent markets : a preview -- Studies in roughness : a fractal primer -- The mystery of cotton -- Long memory, from the Nile to the marketplace -- Noah, Joseph and market bubbles -- The multifractal nature of trading time -- Ten heresies of finance -- In the lab
Summary "Together with Richard L. Hudson, Benoit Mandelbrot turns a fractal eye to the behavior of financial markets and overturns the "random walk" theory that is the underpinning of all contemporary financial analysis. Markets, we learn, are far riskier than we have wanted to believe." "The ability to simplify the complex has made Mandelbrot one of the century's most influential mathematicians. With his fractal models, the (mis)behavior of the world's markets - from the gyrations of IMB's stock price and the Dow, to cotton trading, and the dollar-Euro exchange rate - can be understood in more accurate terms than the tired theories of yesteryear." "The (Mis)Behavior of Markets is a reevaluation of the standard tools and models of modern financial theory. Mandelbrot's fresh insights explode the false assumptions that have caused millions of investors, traders, and managers to underestimate the real risk, of the market."--BOOK JACKET
Notes Reprint. Originally published: c2004
Bibliography Includes bibliographical references (pages [303]-317) and index
Subject Capital market.
Investment analysis.
Stocks -- Prices.
Risk management.
Author Hudson, Richard L.
LC no. 2004011400
ISBN 0465043550 alkaline paper
9780465043576 paperback
0465043577 paperback
Other Titles Misbehavior of markets
Behavior of markets