Mandelbrot: Fractals and the art of roughness

By Edward Harrison On Jul 6, 2010

A good talk by the author of the study of complexity in financial markets.

Also see these three books about chaos theory, roughness and fractals (all on the CW reading list):

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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9 Comments

Viniboombah says 14 years ago

Great now I get it. An autistic math genius spoke for seventeen minutes with his face staring at the floor about a cute pattern as useless a she is yet it explains everything and nothing about human nature and markets.
1. Edward Harrison says 14 years ago
  
  It was a bit dense, yes. But it’s a subject I will definitely take up at
  some point. Very interesting topic.
2. Relepast says 14 years ago
  
  what mandelbrot is saying is simple – that there are small patterns that come together in such a way that the form of the pattern repeats itself. you viniboombah refuse to accept this concept and realize that the same is true of the patterns we see in human nature or indeed in the markets. ignorance can also be fractal sometimes.
3. Danny says 14 years ago
  
  If you don’t like Mandelbrot’s personal presentation, maybe try his books. There’s a review of The (mis)behavior of Markets here https://dannyreviews.com/h/Misbehavior_Markets.html
  
  This kind of mathematics underlies Black (or at least Grey) Swan events – and Mandelbrot and Taleb appear together regularly.

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