The (Mis)Behavior of Markets: A Fractal View of Risk, Ruin and Return
 Video
 Sep 6, 2016
 #Freemarket #PoliticalEconomy
Video
From the inventor of fractal geometry, a revolutionary new theory that overturns our understanding of how markets work. Benoit B. Mandelbrot, one of the century's most influential mathematicians, is worldfamous for making mathematical sense of a fact everybody knows but that geometers from Euclid...
Show More
Recommended by
Recommendations from around the web and our community.

You might also be interested in

 Article
 By Fred Wilson
 Nov 28, 2022

 Podcast episode
 By Guy Adami, Danny Moses, Dan Nathan
 Nov 21, 2022

 Video
 By Tomasz Tunguz, Collin West, Kevin Laws
 Nov 18, 2022

 Podcast episode
 By Guy Adami, Danny Moses, Dan Nathan
 Nov 18, 2022

 Podcast episode
 By Howard Lindzon
 Nov 17, 2022
From the inventor of fractal geometry, a revolutionary new theory that overturns our understanding of how markets work. Benoit B. Mandelbrot, one of the century's most influential mathematicians, is worldfamous 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. To these classic lines we can now add another example: Markets are not the safe bet your broker may claim. In his first book for a general audience, Mandelbrot, with coauthor Richard L. Hudson, shows how the dominant way of thinking about the behavior of marketsa set of mathematical assumptions a century old and still learned by every MBA and financier in the worldsimply 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. The complex gyrations of IBM's stock price and the dollareuro exchange rate can now be reduced to straightforward formulae that yield a far better model of how risky they are. With his fractal tools, Mandelbrot has gotten to the bottom of how financial markets really work, and in doing so, he describes the volatile, dangerous (and strangely beautiful) properties that financial experts have never before accounted for. The result is no less than the foundation for a new science of finance.
(From Youtube)