{"product_id":"9780387983639","title":"Fractals and Scaling in Finance: Discontinuity, Concentration, Risk. Selecta Volume E","description":"\u003cp\u003eMandelbrot is world-renowned for his work in fractal geometry. This bo ok introduces the path-breaking notion that financial prices follow a fractional Brownian motion in multifractal time. That model combines f ractional Brownian motion and multifractals, both of which Mandelbrot pioneered around 1970, with the notion of self-affine scale invariance , which he applied to financial prices around 1960. The new model acco unts for long dependence and long tailedness, the latter being a token of concentration and even discontinuity. Both features characterize f inancial prices and are essential to the understanding and measurement of risk.\u003c\/p\u003e","brand":"Springer New York","offers":[{"title":"Default Title","offer_id":47024937369840,"sku":"9780387983639","price":119.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780387983639_p0.jpg?v=1763696208","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780387983639","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}