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Benoit Mandelbrot (1924 - 2010): A Greek among Romans

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  • Estrada, Fernando

Abstract

In this brief note describes the trajectory of the fractal models/multifractal F/M by Benoit Mandelbrot. The promise was discovered by the geometry of Mandelbrot covers a broad area of research fields, from meteorology and mathematical physics to the individual and collective behavior in society, besides his contributions to the analysis of the financial crisis in his wonderful essay on «The (mis) Behavior of Markets. A fractal view of Risk, Ruin and Reward» (2004). Mandelbrot’s arguments have revealed significant anomalies in the prevailing paradigms. Is this a new paradigm in Kuhn’s sense as stated by the same Mandelbrot?

Suggested Citation

  • Estrada, Fernando, 2011. "Benoit Mandelbrot (1924 - 2010): A Greek among Romans," MPRA Paper 29137, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:29137
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    File URL: https://mpra.ub.uni-muenchen.de/29137/1/MPRA_paper_29137.pdf
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    References listed on IDEAS

    as
    1. Benoit B. Mandelbrot, 2005. "Parallel cartoons of fractal models of finance," Annals of Finance, Springer, vol. 1(2), pages 179-192, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Mandelbrot; Fractals; Finance; Financial Markets; Epistemology; Thomas Kuhn.;
    All these keywords.

    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B0 - Schools of Economic Thought and Methodology - - General
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • G00 - Financial Economics - - General - - - General
    • G01 - Financial Economics - - General - - - Financial Crises
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G0 - Financial Economics - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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