IDEAS home Printed from https://ideas.repec.org/a/kap/annfin/v1y2005i2p193-195.html
   My bibliography  Save this article

The inescapable need for fractal tools in finance

Author

Listed:
  • 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 It argues that, even when the present fractal models become superseded, fractal tools are bound to remain central to finance.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
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10436-004-0008-1
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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;

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:annfin:v:1:y:2005:i:2:p:193-195. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.springer.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.