The (Mis)Behaviorof Markets offers a revolutionary reevaluation of the tools and models of modern financial theory. From the gyrations of the Dow to the dollar-euro exchange rate, mathematical superstar and inventor of fractal geometry Benoit Mandelbrot shows how to understand the volatility of markets in far more accurate terms than the failed theories that have brought the financial system to the brink of disaster. Updated with a new preface on the financial crisis of 2008, Mandelbrot's insights are more valuable than ever.
About the Author
Benoit B. Mandelbrot is Sterling Professor Emeritus of Mathematical Sciences at Yale University and a Fellow Emeritus at IBM's Thomas J. Watson Laboratory. The inventor of fractal geometry, he 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 many books include Fractals: Form, Chance and Dimension, which was later expanded into the classic The Fractal Geometry of Nature. He lives in Cambridge, Massachusetts.
Richard L. Hudson was the managing editor of the Wall Street Journal's European edition for six years, and a Journal reporter and editor for more than two decades. He is a graduate of Harvard University and a former Knight Fellow of MIT. Now the CEO and editor of Science Publishing Ltd., he lives in Brussels, Belgium.
Praise For…
“The deepest and most realistic finance book ever published.”—Nassim Nicholas Taleb
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