The (mis)behaviour of markets : a fractal view of risk, ruin, and reward photograph

The (mis)behaviour Of Markets : A Fractal View Of Risk, Ruin, And Reward

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Originally published August 3, 2004
Authors Benoit Mandelbrot
Richard L. Hudson
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Date of Upd.
ID2180362
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About The (mis)behaviour Of Markets : A Fractal View Of Risk, Ruin, And Reward


IN 1959-61, while the huge Saarinen-designed research laboratory at Yorktown Heights was being built, much of IBM's Research was housed nearby. My group occupied one of the many little houses on the Lamb Estate complex which had been a sanatorium housing wealthy alcoholics. The picture below was taken about 1960. . . .

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