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

Fernando Estrada

MPRA Paper from University Library of Munich, Germany

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?

Keywords: Mandelbrot; Fractals; Finance; Financial Markets; Epistemology; Thomas Kuhn. (search for similar items in EconPapers)
JEL-codes: B0 B10 B16 B4 B41 C7 C70 D7 G0 G00 G01 G32 (search for similar items in EconPapers)
Date: 2011-02-25
New Economics Papers: this item is included in nep-evo and nep-hpe
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Related works:
Journal Article: Benoit Mandelbrot (1924-2010): a Greek among Romans (2011)
Working Paper: Benoit Mandelbrot 1924 -2010: A Greek among Romans (2010)
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