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The (Mis)Behaviour of Markets


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Benoit Mandelbrot, father of fractal geometry, revolutionised our understanding of the models of modern financial theory. This new edition includes material on the current market crisis, calling for an end to the tunnel vision of our bankers whose over-confidence in their understanding of markets ended in catastrophe.

About the Author

Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University. Richard Hudson is a former managing editor of Wall Street Journal Europe.


'Mandelbrot is acknowledged as the father of chaos theory... he is, simply, very clever indeed.' - Sunday Telegraph'The reader gets a clear picture of the history of finance theory... the best financial read.' - Financial Times'Entertainingly written... this book is a brain-opener that adds hugely to our sum of knowledge.' - Director

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