出版社: Basic Books
副标题: A Fractal View of Financial Turbulence
出版年: 2005-10-31
页数: 368
定价: GBP 11.18
装帧: Paperback
ISBN: 9780465043576
内容简介 · · · · · ·
From the inventor of fractal geometry, a revolutionary new theory that overturns our understanding of how markets work.
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, coa...
From the inventor of fractal geometry, a revolutionary new theory that overturns our understanding of how markets work.
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. To these classic lines we can now add another example: Markets are not the safe bet your broker may claim. In his first book for a general audience, Mandelbrot, with co-author Richard L. Hudson, shows how the dominant way of thinking about the behavior 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.
As he did for the physical world in his classic The Fractal Geometry of Nature, Mandelbrot here uses fractal geometry to propose a new, more accurate way of describing market behavior. The complex gyrations of IBM's stock price and the dollar-euro exchange rate can now be reduced to straightforward formulae that yield a far better model of how risky they are. 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. The result is no less than the foundation for a new science of finance.
原文摘录 · · · · · ·
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The Misbehavior of Markets的书评 · · · · · · ( 全部 16 条 )
市场风险被传统金融理论低估
正视金融市场所给出的非理性波动率
这篇书评可能有关键情节透露
人类历史上大多数事件都是符合正态分布的,人们也带着这样的“经验性观点”来到了经济市场,却发现了一个很大的问题,就是在正态分布中理论上概率很低的事件,例如你一生可能都遇不到一次的事情,确在三五年内重复上演,这就是经济世界与自然人世界中最大的差异,而正是经济市... (展开)> 更多书评 16篇
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订阅关于The Misbehavior of Markets的评论:
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1 有用 fdxtb 2016-11-13 14:41:06
老生常谈,boring
5 有用 kooshuain 2018-06-22 23:41:02
真心看不惯那些自以为是的嘴脸,说着boring,浪费时间的读者,站在巨人的肩上嘲笑巨人合适吗?
0 有用 bj5026 2017-04-03 19:29:54
0 有用 目送飞鸿 2015-04-06 20:07:19
True iconoclast!但他建立的理论还不够完善,还较难以直接应用。
0 有用 weihu 2016-09-13 19:32:46
跨学科
0 有用 loop 2023-03-30 09:20:39 浙江
前半部分主要讲金融理论发展史,后半部分主要讲分形, 从尼罗河水位预测到银行储备金的占比……
0 有用 小可爱⑦号 2022-01-27 02:36:01
不知道抨击这本书的人做过多少笔交易。有多少数理基础的积累。对于趋势,结构,波动,空间,时间,本书从时间,结构,波动做了完美的论述。 我做过大量收益率统计。我现在理解了塔勒布说power law的那些阐述了。一天读完,热泪盈眶
0 有用 斑马 Kimmo 2019-07-21 01:20:29
这本书他妈怎么会有人给4颗星以下? 脑子坏了吗?
5 有用 kooshuain 2018-06-22 23:41:02
真心看不惯那些自以为是的嘴脸,说着boring,浪费时间的读者,站在巨人的肩上嘲笑巨人合适吗?
0 有用 bj5026 2017-04-03 19:29:54