Friday, March 13, 2009

Benoit Mandelbrot and the wildness of financial markets: Sci

In a lecture at Columbia University this week, famed fractal pioneer Benoit Mandelbrot once again inveighed against traditional economic theories, returning at a time of financial malaise to many of the points he raised in a 1999 Scientific American feature. (In September 2008, as the U.S. economy began to shake, editor Gary Stix provided a brief..

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