The (mis)behaviour of markets

The (mis)behaviour of markets

a fractal view of risk, ruin, and reward

na Benoit B. Mandelbrot
4/5
(42 mavhoti)
Format
326 mapeji, Paperback
Yakatanga kubudiswa
2008
Vaparidzi
Profile
Subjects
Capital market·Investment analysis·Stocks·Prices·Securities·Risk management
Mutauro
English

This book examines what ways there are to project financial risk (in the form of asset-price changes) that reflects reality better than the so-called normal distribution (used in Black-Scholes, VAR, and many other models). The book follows a few parallel tracks: -Mandelbrot's personal story -The history of math and probabilities as it relates to projecting price movements -The development of Mandelbrot's own mathematical models -Bashing of everything and everyone The first 3 tracks I all appreciated but that last one got quite annoying, especially since it permeates through almost every paragraph.

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