Promotion

Use code CYBER2024 for 30% off sitewide + free shipping over $30

The Misbehavior of Markets

A Fractal View of Financial Turbulence

The Misbehavior of Markets Open the full-size image

Contributors

By Benoit Mandelbrot

By Richard L. Hudson

Formats and Prices

Price

$13.99

Price

$17.99 CAD

Format

Format:

  1. ebook $13.99 $17.99 CAD
  2. Audiobook Download (Unabridged)
  3. Trade Paperback $19.99 $24.99 CAD

This item is a preorder. Your payment method will be charged immediately, and the product is expected to ship on or around March 22, 2007. This date is subject to change due to shipping delays beyond our control.

Also available from:

A groundbreaking mathematician presents a new model for understanding financial markets

Benoit B. Mandelbrot is world-famous for inventing fractal geometry, 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 insights we can now add another example: Markets are not the safe bet your broker may claim.

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. He uses fractal geometry to propose a new, more accurate way of describing market behavior. From the gyrations of the Dow to the dollar-euro exchange rate, Mandlebrot shows how to understand the volatility of markets in far more accurate terms than the failed theories that have repeatedly brought the financial system to the brink of disaster. The result is no less than the foundation for a new science of finance.
 

Genre:

On Sale
Mar 22, 2007
Page Count
368 pages
Publisher
Basic Books
ISBN-13
9780465004683

You May Also Like

PI in the Sky
PI in the Sky $21.99
Math for English Majors
Math for English Majors $30.00 $39.00 CAD
The Waltz of Reason
The Waltz of Reason $32.50 $41.00 CAD
Around the World in Eighty Games
Around the World in Eighty Games $30.00 $39.00 CAD
How to Expect the Unexpected
How to Expect the Unexpected $32.50 $41.00 CAD

Benoit Mandelbrot

About the Author

Benoit B. Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University and a Fellow Emeritus at IBM’s Thomas J. Watson Laboratory. He is the inventor of fractal geometry, whose most famous example, the Mandelbrot Set, has been replicated on millions of posters, T-shirts, and record albums. He was a leading figure in James Gleick’s Chaos and has received the Wolf Prize in Physics, the Japan Prize in science and technology, and awards from the U.S. National Academy of Sciences, the IEEE, and numerous universities in the U.S. and abroad. His books include Fractals: Form, Chance and Dimension, which was later expanded into the classic The Fractal Geometry of Nature, which has sold more than 200,000 copies. This is his first book for lay readers on finance, a subject he has studied since the 1960s. He lives in Scarsdale, New York.

Learn more about this author

Richard L. Hudson

About the Author

Richard L. Hudson was the managing editor of the Wall Street Journal’sEuropean edition for six years, and a Journal reporter and editor for twenty-five years. He is a 1978 graduate of Harvard University and a 1991 Knight Fellow of MIT. He lives in Brussels, Belgium.

Learn more about this author