The Misbehavior of Markets: A Fractal View of Financial Turbulence
In 'The Misbehavior of Markets', Benoit Mandelbrot and Richard L. Hudson delve into a re-evaluation of the reigning theories of stock market behavior. They argue for a more accurate, sophisticated view of markets, drawn from new understanding about the complex, rough structure of the world. The book presents basic and alternative theories of finance and investment in an accessible yet groundbreaking way.Published in Sep 17, 1997