Book Review: The Misbehavior of Markets: A Fractal View of Financial Turbulence by Benoit Mandelbrot and Richard L. Hudson The Misbehavior of Markets is a provocative and fascinating book that challenges the conventional wisdom of modern financial theory. The authors, Benoit Mandelbrot and Richard L. Hudson, argue that the markets are not random, normal, or efficient, as most economists and financiers assume, but rather turbulent, wild, and unpredictable. They use fractal geometry, a branch of mathematics that Mandelbrot pioneered, to propose a new way of describing and understanding the behavior of markets.
Book Review
Book Review
Book Review
Book Review: The Misbehavior of Markets: A Fractal View of Financial Turbulence by Benoit Mandelbrot and Richard L. Hudson The Misbehavior of Markets is a provocative and fascinating book that challenges the conventional wisdom of modern financial theory. The authors, Benoit Mandelbrot and Richard L. Hudson, argue that the markets are not random, normal, or efficient, as most economists and financiers assume, but rather turbulent, wild, and unpredictable. They use fractal geometry, a branch of mathematics that Mandelbrot pioneered, to propose a new way of describing and understanding the behavior of markets.