Misbehavior of Markets
In 'Misbehavior of Markets', Benoit Mandelbrot and Richard Hudson challenge the conventional wisdom of financial markets as rational systems. They argue that market behavior is far more chaotic and unpredictable, resembling natural phenomena rather than orderly statistics. Through groundbreaking insights, they reveal the flaws in traditional economic models and introduce fractal geometry as a lens for understanding market fluctuations. This book not only reshapes the way we perceive risk and investment but also invites readers to rethink the assumptions underpinning economic theories. Prepare to discover a new reality where markets thrive on complexity and uncertainty!
By Benoit B. Mandelbrot, Richard L. Hudson
Published: 2004
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