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 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. 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 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. The complex gyrations of IBM's stock price and the dollar-euro 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.
發表於2024-11-21
The Misbehavior of Markets 2024 pdf epub mobi 電子書 下載
本書是EmpricalFinance的老師推薦閱讀書籍,但之前也有所耳聞,市麵上評價也很高,所以特地買來閱讀。 但很難想象豆瓣上沒有人評論這本書,希望有更多的人能看到這本書,因為它能顛覆你對金融的所有想象和理解,尤其是學金融的人。 在作者眼中,過去我們所瞭解的傳統和現代金...
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評分該書是分形之父曼德爾布羅特關於金融方麵的一本書。初識分形應該是研究生階段,當時接觸的是隨機分形,譬如布朗運動的軌道分形性質等,最近W.Werner因為對布朗運動軌道性質的深入研究,以及滲流,SLE理論的發展所作齣的貢獻,獲得瞭Fields奬章。並且,Legall,Peres,等也因為...
圖書標籤: 金融 數學 經濟學 Finance 投資 分形 交易 模型
一個分形學者眼中的金融市場。
評分這本書他媽怎麼會有人給4顆星以下? 腦子壞瞭嗎?
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評分這本書他媽怎麼會有人給4顆星以下? 腦子壞瞭嗎?
評分浪費時間
The Misbehavior of Markets 2024 pdf epub mobi 電子書 下載