Leader02041cam a22003614a 4500
008180116s2004 nyua b 001 0 eng
010 a: 2004011400
020 a: 0465043550
035 a: (DLC) 13592913
040 a: DLCc: DLCd: DLCd: LB
042 a: pcc
080##a: 336
082002: 22
1001 a: Mandelbrot, Benoit B.
24514a: The (mis)behavior of marketsb: a fractal view of risk, ruin, and rewardc: Benoit B. Mandelbrot and Richard L. Hudson
2463 a: Misbehavior of markets
2463 a: Behavior of markets
260 a: New Yorkb: Published by Basic Booksc: c2004.
300 a: xxiv, 328 p.b: ill.c: 24 cm
504 a: Includes bibliographical references (p. [303]-317) and index
5050 a: 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.
650#0a: Financial crisis
7001 a: Hudson, Richard L.
856423: Contributor biographical information
996##a: BA


Location Address Count Shelf Status
Tirgus operāciju pārvalde 15 1 336 On a shelf Available to order


Mathematical superstar and inventor of fractal geometry, Benoit Mandelbrot, has spent the past forty years studying the underlying mathematics of space and natural patterns. What many of his followers don't realize is that he has also been watching patterns of market change. In The (Mis)Behavior of Markets, 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 result is a revolutionary reevaluation of the standard tools and models of modern financial theory. 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.The ability to simplify the complex has made Mandelbrot one of the century's most influential mathematicians. With The (Mis)Behavior of Markets, he puts the tools of higher mathematics into the hands of every person involved with markets, from financial analysts to economists to 401(k) holders. Markets will never be seen as "safe bets" again.

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