The Blindfolded Archer
Donald MacKenzie: The stochastic dynamics of market prices, 4 August 2005
The (Mis)behaviour of Markets: A Fractal View of Risk, Ruin and Reward
by Benoit Mandelbrot and Richard Hudson.
Profile, 328 pp., £9.99, September 2005,1 86197 790 5 Show More
by Benoit Mandelbrot and Richard Hudson.
Profile, 328 pp., £9.99, September 2005,
“... to 1993 was not in a university department but in the IBM Research Laboratory at Yorktown Heights, north of New York City – one of the islands of more-than-academic freedom that US industry once provided. Rebuffed by economists, or so he felt, Mandelbrot was at liberty to move to other fields, and fractal geometry’s original applications were mainly ... ”