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,
“... Wednesday, high volatility on the Thursday, and an even larger fall on the Friday, when the Dow Jones industrial average lost 4.6 per cent. In Britain, the markets’ turbulence was even mirrored in the weather. On the Thursday night, largely unforecast, the most severe storm for some three centuries caused widespread damage across southern England. Then ... ”