The Misbehavior of Markets - Book by Benoit Mandelbrot
"The Misbehavior of Markets" explores the shortcomings of traditional financial models, such as the efficient market hypothesis, which assumes that asset prices follow a Gaussian, or normal, distribution. Mandelbrot argues that this assumption is flawed because it doesn't accurately reflect the way financial markets operate in the real world. He uses fractal geometry to describe the irregular and unpredictable nature of market price movements, challenging the belief in market stability and rationality.Original Language: English
Amazon
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