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The inescapable need for fractal tools in finance

Author

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  • Benoit B. Mandelbrot

Abstract

This short paper advances and defends a strong statement concerning financial modeling. It argues that, even when the present fractal models become superseded, fractal tools are bound to remain central to finance. The reasons are that the main feature of price records is roughness and that the proper language of the theory of roughness in nature and culture is fractal geometry. Copyright Springer-Verlag Berlin Heidelberg 2005

Suggested Citation

  • Benoit B. Mandelbrot, 2005. "The inescapable need for fractal tools in finance," Annals of Finance, Springer, vol. 1(2), pages 193-195, October.
    • Handle: RePEc:kap:annfin:v:1:y:2005:i:2:p:193-195
    DOI: 10.1007/s10436-004-0008-1
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    Cited by:

    1. A. K. M. Azhar & Vincent B. Y. Gan & W. A. T. Wan Abdullah & H. Zainuddin, 2015. "On the Fractal Geometry of the Balance Sheet and the Fractal Index of Insolvency Risk," Papers 1512.09280, arXiv.org.

    More about this item

    Keywords

    Fractal; Multifractal; Roughness; Financial prices; G1;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets

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