Bruce Bostwick wrote: > >> Let's adopt complex numbers in finance! Maybe in the next crisis >> we will be discussing things like "the banks (or whatever) were >> negotiating 100 quadrillion i-dollars!" > > There's got to be a reference to the Mandelbrot set in there > somewhere .. :) > You probably are aware of Mandelbrot's contritutions to the financial crisis, aren't you? He took data that showed that returns were not normal (in the statistical sense) - the normality of the returns is the basis of the standard (Black & Scholes) options model.
Alberto Monteiro _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
