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 other fields, and fractal geometry’s original applications were mainly non-economic. What took him back to the study of markets was an episode that can only be described as Mandelbrotian. In the week beginning 12 October 1987, the global stock-market boom that had started in 1982 began to experience turbulence, with a sharp fall on the Wednesday, high ... ”