The Blindfolded Archer
Donald MacKenzie: The stochastic dynamics of market prices, 4 August 2005
The (Mis)behaviour of Markets: A Fractal View of Risk, Ruin and Reward
by Benoit Mandelbrot and Richard Hudson.
Profile, 328 pp., £9.99, September 2005,1 86197 790 5 Show More
by Benoit Mandelbrot and Richard Hudson.
Profile, 328 pp., £9.99, September 2005,
“... past econometric work is meaningless. Surely, before consigning centuries of work to the ash pile, we should like to have some assurance that all our work is truly useless.’ At the start of the 1970s, interest in Lévy distributions in economics effectively evaporated. A Chicago PhD student, Robert Officer, examined empirically a key feature of ... ”