Mandelbrot: The Misbehaviour of Markets

Benoit Mandelbrot and Richard Hudson's market-risk argument rebuilt as a visual course: why bell-curve finance misses fat tails, roughness, clustering, long memory, and multifractal trading time.

1. 08The Mystery of CottonSource: Benoit Mandelbrot and Richard L. Hudson, The Misbehaviour of Markets, Chapter VIII, "The Mystery of Cotton" • Course status: middle-chapter study for the Mandelbrot markets course10 sections
2. 09Long Memory, from the Nile to the MarketplaceSource: Benoit Mandelbrot and Richard L. Hudson, The Misbehaviour of Markets, Chapter IX, "Long Memory, from the Nile to the Marketplace" • Course status: middle-chapter study for the Mandelbrot markets course11 sections
3. 10Noah, Joseph, and Market BubblesSource: Benoit Mandelbrot and Richard L. Hudson, The Misbehaviour of Markets, "Noah, Joseph and Market Bubbles" • Course status: deeper Mandelbrot markets course day7 sections
4. 11The Multifractal Nature of Trading TimeSource: Benoit Mandelbrot and Richard L. Hudson, The Misbehaviour of Markets, "The Multifractal Nature of Trading Time" • Course status: deeper Mandelbrot markets course day7 sections
5. 12The Way AheadSource: Benoit Mandelbrot and Richard L. Hudson, The Misbehaviour of Markets, "The Way Ahead" • Course status: deeper Mandelbrot markets course day8 sections