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The (mis)behavior of markets : a fractal view of risk, ruin, and reward / Benoit B. Mandelbrot and Richard L. Hudson.

Lippincott Library HG4523 .M257 2004
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Format:
Book
Author/Creator:
Mandelbrot, Benoit B.
Contributor:
Hudson, Richard L.
Language:
English
Subjects (All):
Capital market.
Investment analysis.
Stocks--Prices.
Stocks.
Securities.
Risk management.
Physical Description:
xiv, 328 pages : illustrations ; 25 cm
Other Title:
Misbehavior of markets
Behavior of markets
Place of Publication:
New York : Basic Books, [2004]
Summary:
In his first book for a general audience, Mandelbrot, with co-author 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.
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.
Notes:
Includes bibliographical references (pages [303]-317) and index.
ISBN:
0465043550
OCLC:
55475129

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