The Misbehavior of Markets 在线电子书 图书标签: 金融 数学 经济学 Finance 投资 分形 交易 模型
发表于2025-02-22
The Misbehavior of Markets 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2025
真心看不惯那些自以为是的嘴脸,说着boring,浪费时间的读者,站在巨人的肩上嘲笑巨人合适吗?
评分一个分形学者眼中的金融市场。
评分真心看不惯那些自以为是的嘴脸,说着boring,浪费时间的读者,站在巨人的肩上嘲笑巨人合适吗?
评分可能很多人不理解,一旦不能预测,描述再清楚能干啥
评分这本书他妈怎么会有人给4颗星以下? 脑子坏了吗?
From the inventor of fractal geometry, a revolutionary new theory that overturns our understanding of how markets work.
Benoit B. Mandelbrot, one of the century's most influential mathematicians, is world-famous for making mathematical sense of a fact everybody knows but that geometers from Euclid on down had never assimilated: Clouds are not round, mountains are not cones, coastlines are not smooth. To these classic lines we can now add another example: Markets are not the safe bet your broker may claim. In his first book for a general audience, Mandelbrot, with co-author Richard L. Hudson, shows how the dominant way of thinking about the behavior of markets--a set of mathematical assumptions a century old and still learned by every MBA and financier in the world--simply does not work.
As he did for the physical world in his classic The Fractal Geometry of Nature, Mandelbrot here uses fractal geometry to propose a new, more accurate way of describing market behavior. The complex gyrations of IBM's stock price and the dollar-euro exchange rate can now be reduced to straightforward formulae that yield a far better model of how risky they are. With his fractal tools, Mandelbrot has gotten to the bottom of how financial markets really work, and in doing so, he describes the volatile, dangerous (and strangely beautiful) properties that financial experts have never before accounted for. The result is no less than the foundation for a new science of finance.
之前读过很多批评“市场有效性假说”这一现代金融“神学”的文章。这本书更是把有关理论中的荒谬之处揭示于众,特别是关于正态分布的假定,以及价格波动随机性(独立性)的假设。作者是较早指出厚尾问题的人之一。时至今日,厚尾问题已广为人知,但即便如此,很多人仍在不假思...
评分現在金融界使用很多數學、物理的學生,為甚麼?因為金融界使用許多模型,預測股市走勢,而那些模型假設股票交易和布朗運動、熱傳導等物理學現象相近。這些模型包括Black-Scholes、Capital Asset Pricing Model (CAPM) 等。 但是分形學的創立人、數學家Benoit Mandelbrot毫不猶...
评分曼德勃罗对金融市场的看法是符合幂律分布,关键的肥尾是长期依赖性(或称相关性)的结果,可是这个关键的长期依赖性的原理是什么,没有解释。实际上对于肥尾的产生有很多解释,索罗斯的反身性理论,自组织理论的临界。 第一章 风险、破产和收益 五个规则: 1、市场是有风险的...
评分 评分現在金融界使用很多數學、物理的學生,為甚麼?因為金融界使用許多模型,預測股市走勢,而那些模型假設股票交易和布朗運動、熱傳導等物理學現象相近。這些模型包括Black-Scholes、Capital Asset Pricing Model (CAPM) 等。 但是分形學的創立人、數學家Benoit Mandelbrot毫不猶...
The Misbehavior of Markets 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2025