Fractals and Scaling In Finance: Discontinuity, Concentration, Risk. Selecta Volume E by Benoit B. MandelbrotFractals and Scaling In Finance: Discontinuity, Concentration, Risk. Selecta Volume E by Benoit B. Mandelbrot

Fractals and Scaling In Finance: Discontinuity, Concentration, Risk. Selecta Volume E

byBenoit B. MandelbrotEditorP.H. CootnerForeword byR.E. Gomory

Paperback | December 1, 2010

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Mandelbrot is world famous for his creation of the new mathematics of fractal geometry. Yet few people know that his original field of applied research was in econometrics and financial models, applying ideas of scaling and self-similarity to arrays of data generated by financial analyses. This book brings together his original papers as well as many original chapters specifically written for this book.
Title:Fractals and Scaling In Finance: Discontinuity, Concentration, Risk. Selecta Volume EFormat:PaperbackDimensions:551 pages, 23.5 × 15.5 × 0.07 inPublished:December 1, 2010Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:1441931198

ISBN - 13:9781441931191

Reviews

Table of Contents

From the contents: Intro; Major Themes; New Methods in statistical economics; Historical Background; States of randomness; self-similarity and self-affinity; rank sized plots; proportional growth and other explanations of scaling; a case against the log distribution; Personal incomes and firm sizes; Random flight on Wall Street; nonlinear forecasts.

Editorial Reviews

From the reviews"Mandelbrot writes with economy and felicity, and he interperses the more mathematical sections with frank historical anecdotes ... All in all, this is a strange but wonderful book." (PHYSICS TODAY)Statistical Papers, 2000: "... this is a most useful collection of Mandelbrot's work economics, it provides an excellent starting point for anybody interested in the origin of many current topics in empirical finance or the distribution of income."