This review was written by Eugene Kernes
Book can be found in:
Genre = Economics, Finance
Intriguing Connections = Learning Economics: Basic to Advanced
There is a huge problem with the book, it is way to fun to read. This book is a different way of thinking about finance. The depth and breath of finance that Mandelbrot explains without simplifying the subject is almost unbelievable. This book starts with what the world of finance looks like, and then a way to fix it. Fractals are a very dynamic and simple way of modeling many different forms of turbulence from nature to finance. From dependence to power laws, fractals can provide a more realistic view of how markets behave.
Pages to read: 291
1st Edition: 2004
Ratings out of 5: