Friday, November 6, 2020

Review of The Misbehavior of Markets: A Fractal View of Financial Turbulence by Benoît B. Mandelbrot, Richard L. Hudson

This review was written by Eugene Kernes

Book can be found in:
Genre = Economics, Finance
Intriguing Connections = Learning Economics: Basic to Advanced

Elaborate Description

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.

Book Details

Edition ISBN:  9780465043576
Pages to read:   291
Publication:     2006
1st Edition:      2004
Format:            Paperback

Ratings out of 5:
Readability    5
Content          5
Overall           5