The (Mis)behavior of Mark. has been added to your Cart. Benoit B. Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University and a Fellow Emeritus at IBM's Thomas J. Watson Laboratory.

The (Mis)behavior of Mark. 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 . National Academy of Sciences, the IEEE, and numerous universities in the .

Hudson, Richard . Mandelbrot, Benoît B. (2004). Mandelbrot, B. (1960) The Pareto-Levy law and the distribution of income. The (Mis)Behavior of Markets: A Fractal View of Risk, Ruin, and Reward. New York: Basic Books. ISBN 978-0-465-04355-2. (1961) Stable Paretian random functions and the multiplicative variation of income. Econometrica, 29, 517–543. (1964) Random walks, fire damage amount and other Paretian risk phenomena.

Some of what the book actually says will be old news to market professionals, but it says it quite interestingly. When Resistance fighters attacked the camp and opened the gates, most of the prisoners started down the road toward Limoges.

In his first book for a general audience, 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. As he did for the physical world in his classic The Fractal Geometry of Nature, Mandelbrot here uses fractal geometry to propose a new, more accurate way of describing market behavior

Benoit Mandelbrot, famous mathematician and inventor of fractal geometry, joined forces with Richard Hudson, to write a book about financial theory. The (Mis)behavior of Markets falls in the popular science genre

Benoit Mandelbrot, famous mathematician and inventor of fractal geometry, joined forces with Richard Hudson, to write a book about financial theory. The (Mis)behavior of Markets falls in the popular science genre. It is low on formulas, instead you can find lots of historical anecdotes and opinions.

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

This international bestseller, which foreshadowed a market crash, explains why it could happen again if we don't act no. With his fractal tools, Mandelbrot has got to the bottom of how financial markets really work.

This international bestseller, which foreshadowed a market crash, explains why it could happen again if we don't act now. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf or static in a computer connection to a few simple mathematical properties. He finds they have a shifting sense of time and wild behaviour that makes them volatile, dangerous – and beautiful.

Benoit B. Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University and a Fellow Emeritus at. .This is his first book for lay readers on finance, a subject he has studied since the 1960s. He lives in Scarsdale, New York

Benoit B. He lives in Scarsdale, New York. He is a 1978 graduate of Harvard University and a 1991 Knight Fellow of MIT. Mandelbrot was the world-famous inventor of fractal geometry as well as a Sterling Professor of. Mandelbrot was the world-famous inventor of fractal geometry as well as a Sterling Professor of Mathematical Sciences at Yale University and Fellow Emeritus at IBM's Thomas J. Mandelbrot won numerous prizes, including the Wolf Prize for Physics, and wrote several books, such as the bestseller The Fractal Geometry of Nature.

Richard L. Hudson, Benoit B. Mandelbrot. From the inventor of fractal geometry, a revolutionary new theory that overturns our understanding of how markets work. Mandelbrot, one of the century's most influential mathematicians, is world-famous for 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.