By: Benoît B. Mandelbrot, Richard L. Hudson, Jason Olazabal

The Misbehavior of Markets: A Fractal View of Financial Turbulence

"Together with Richard L. Hudson, Benoit Mandelbrot turns a fractal eye to the behavior of financial markets and overturns the "random walk" theory that is the underpinning of all contemporary financial analysis. Markets, we learn, are far riskier than we have wanted to believe." "The ability to sim

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The Misbehavior of Markets: A Fractal View of Financial Turbulence
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