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The (Mis)Behavior of Markets

A Fractal View of Risk, Ruin, and Reward

by Benoit B. Mandelbrot, Richard L. Hudson · 2004 · 328 pages

Nassim Nicholas Taleb
Nassim Nicholas Taleb
Recommended by 1 elite

Recommended by 1 Elite

Nassim Nicholas Taleb

About This Book

A mathematician and the father of fractal geometry challenges the core assumptions of modern financial theory, arguing that markets are far riskier than traditional models suggest. Using fractal tools, the authors demonstrate that price swings follow power laws and cluster in 'wild randomness' rather than a normal bell curve distribution.

Book Details

Published

2004

Pages

328

Language

en

ISBN

9780465043552

Awards & Recognition

getAbstract International Book Award (2004)

Audiobook Available

10h 6m
Narrated by Jason Olazabal

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