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Multifractals and 1/ Noise
Wild Self-Affinity in Physics (19631976)
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Exploring the intricate relationship between turbulence and finance, Benoit Mandelbrot highlights the inadequacy of traditional statistical methods to capture their inherent variability. He argues for a new understanding of indeterminism, suggesting that innovative mathematical tools are essential for advancing the study of these complex phenomena. This Selecta volume compiles his influential papers, showcasing his groundbreaking work in developing methodologies that address the unique challenges presented by the "wildness" of financial and turbulent systems.
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Multifractals and 1/ Noise, Benoît Mandelbrot
- Language
- Released
- 2014
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- Title
- Multifractals and 1/ Noise
- Subtitle
- Wild Self-Affinity in Physics (19631976)
- Language
- English
- Authors
- Benoît Mandelbrot
- Publisher
- Springer New York
- Released
- 2014
- Format
- Paperback
- Pages
- 456
- ISBN13
- 9781461274346
- Category
- Mathematics
- Description
- Exploring the intricate relationship between turbulence and finance, Benoit Mandelbrot highlights the inadequacy of traditional statistical methods to capture their inherent variability. He argues for a new understanding of indeterminism, suggesting that innovative mathematical tools are essential for advancing the study of these complex phenomena. This Selecta volume compiles his influential papers, showcasing his groundbreaking work in developing methodologies that address the unique challenges presented by the "wildness" of financial and turbulent systems.