Mandelbrot Suggests A Hunt For Financial Patterns

Phoe6 writes "Wired is carrying an Open Letter of Benoît Mandelbrot, the father of the fractal, to the wizards of Wall Street, calling on them to recognize a pattern in the finantial and economic trends in the world. Mandelbrot says, If we can map the human genome, why can't we map how a man loses his livelihood? If millions can contribute a few cycles of their PCs to the search for a signal from outer space, why can't they join a coordinated search for patterns in financial markets?" I'd like to see a debate between Mandelbrot and Friedrich Hayek.

Comments

Parasite

[fatphil]

Mandelbrot is not the father of the fractal.

It's much more appropriate to give that title to the Frenchman Julia.

And Julia discovered fractals while studying... ... the stock market.

This was over a freaking century ago! Wake up Mandelbrot - you're _still_ not breaking new ground.

FP.