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Topic: Miscellaneous
Number of pages / Number of words: 5 / 1233
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He found symmetry in the long term price fluctuations with the short term fluctuations (Barnsley). This was surprising, and to the economists - and everyone else - completely baffling. Even to Mandelbrot the meaning of all this was still unclear. Only later did he come to understand that he had discovered a "fractal" in economic data demonstrating recursive self similarity over scales (Fractals)...


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Only later did he come to understand that he had discovered a "fractal" in economic data demonstrating recursive self similarity over scales (Fractals).

Mandelbrot’s research led him to what some consider being the greatest mathematical breakthrough of the twentieth century. The law of wisdom that it represents could not have been discovered without the use of computers...


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