Right before Christmas break, I finished reading Chris Anderson‘s book The Long Tail: Why The Future of Business Is Selling Less of More. I’d heard about this book from various sources, such as my WiredMagazine subscription, and through related web-searches regarding concepts of non-gaussian distributions from Nassin Nicholas Taleb’s Fooled By Randomness and Benoît Mandelbrot’s The Mis-Behavior of Markets such as power-law distributions. Suffice to say, this book held up to my expectations, and is still challenging the way I think.
The Long Tail is about how information technologies are transforming many markets, and about the true shape and character of market these technologies reveal.
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After reading “The Colour of Infinity“, specifically chapter 7, I went back to the library and grabbed “The (Mis)Behavior of Markets: A Fractal View of Risk, Ruin, and Reward” by Benoît Mandelbrot. I figured that if the “Father of Fractal Geometry” has a book out about the markets, that’d be the authoritative source for fractal market behaviour.
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I somewhat recently read “The Colour of Infinity: The Beauty and Power of Fractals“; I studied Chaos and Fractals a bit back in MSSM, but in the past decade surely there has to have been advancements.
The book is broken down into 8 Chapters: several are by popularizers of Fractals, several are republished papers by active researchers, and one covers the making of the educational video. This video and book was endorsed / promoted by the recently deceased Sir Arthur C. Clarke.
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