This is the first book in the Selecta, the collected works of Benoit Mandelbrot. This volume incorporates his original contributions to finance and is a major contribution to the understanding of how speculative prices vary in time. The chapters consist of much new material prepared for this volume, as well as reprints of his classic papers. Much of this work helps to lay a foundation for evaluating risks in trading strategies.
Statistical Papers, 2000: ..". this is a most useful collection of Mandelbrot's work economics, it provides an excellent starting point for anybody interested in the origin of many current topics in empirical finance or the distribution of income."
From the reviews
"Mandelbrot writes with economy and felicity, and he interperses the more mathematical sections with frank historical anecdotes ... All in all, this is a strange but wonderful book." (PHYSICS TODAY)
Statistical Papers, 2000: "... this is a most useful collection of Mandelbrot's work economics, it provides an excellent starting point for anybody interested in the origin of many current topics in empirical finance or the distribution of income."
|From the contents|
|New Methods in statistical economics|
|States of randomness|
|Self-similarity and self-affinity|
|Rank sized plots|
|Proportional growth and other explanations of scaling|
|A case against the log distribution|
|Personal incomes and firm sizes|
|Random flight on Wall Street|
|Table of Contents provided by Publisher. All Rights Reserved.|
Number Of Pages: 551
Published: January 1997
Publisher: Springer-Verlag New York Inc.
Country of Publication: US
Dimensions (cm): 24.77 x 17.15
Weight (kg): 0.97