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| | The (Mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward by Benoit Mandelbrot and Richard Hudson (Site not responding. Last check: 2007-10-16) |
 | | Benoit B. Mandelbrot, one of the century's most influential mathematicians, is world-famous for making mathematical sense of a fact everybody knows but that geometers from Euclid on down had never assimilated: Clouds are not round, mountains are not cones, coastlines are not smooth. |
 | | In his first book for a general audience, Mandelbrot, with co-author Richard L. Hudson, shows how the dominant way of thinking about the behaviour of markets--a set of mathematical assumptions a century old and still learned by every MBA and financier in the world--simply does not work. |
 | | With his fractal tools, Mandelbrot has gotten to the bottom of how financial markets really work, and in doing so, he describes the volatile, dangerous (and strangely beautiful) properties that financial experts have never before accounted for. |
| www.marketsandfractalsbook.com (391 words) |
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