The Misbehavior of Markets
A Fractal View of Financial Turbulence
Benoit Mandelbrot|Richard L Hudson
The book challenges traditional financial theories by applying fractal mathematics to model market unpredictability and risk. It critiques the limitations of classic models like the Efficient Market Hypothesis and Modern Portfolio Theory, proposing instead that markets are more complex, dynamic, and prone to wild swings than these models can account for.
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