The Misbehavior of Markets: A Fractal View of Financial Turbulence
by Benoit B. Mandelbrot
What Mandelbrot realised early on, at the start of the 1960s, was that the kind of assumptions about statistics that everyone was making were wrong. They just weren’t borne out by the data.
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“What Mandelbrot realised early on, at the start of the 1960s, was that the kind of assumptions about statistics that everyone was making were wrong.” Read more...
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