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Tag Archives: Benoit Mandelbrot
Benoît Mandelbrot the discover/inventor of fractals has died at 85. His work has been hugely influential in areas as diverse as computer graphics, finance and ecology. In computer graphics fractals have been used to produce more realistic landscapes and vegetation, … Continue reading
A special report on the future of finance in The Economist Fallible mathematical models: In Plato’s cave: … although the normal distribution closely matches the real world in the middle of the curve, where most of the gains or losses … Continue reading
On PBS’s NewsHour, Paul Solman interviewed Nassim Nicholas Taleb and Benoit Mandelbrot about how strongly coupled systems can produce unpredictable turbulence. They strike very resilience oriented themes – narrow over-optimization leading to a loss of resilience. PAUL SOLMAN: In the … Continue reading