Fractals and Scaling in Finance
Mandelbrot is famous for creating the new mathematics of fractal geometry. Yet few people know that his original field of applied research was in econometrics and financial models, applying ideas of scaling and self-similarity to arrays of data generated by financial analyses. Fractals and Scaling in Finance brings together the man's original papers as well as many original chapters specifically written for this book.
Praise for Fractals and Scaling in Finance
"Mandelbrot writes with economy and felicity, and he intersperses the more mathematical sections with frank historical anecdotes. All in all, this is a strange but wonderful book."
— PHYSICS TODAY
"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."
— Statistical Papers, 2000