Benoit Mandelbrot and the wildness of financial markets: Scientific American Blog

Benoit Mandelbrot and the wildness of financial markets: Scientific American Blog: "In a lecture at Columbia University this week, famed fractal pioneer Benoit Mandelbrot once again inveighed against traditional economic theories...many economic models ignore dramatic jumps, whether in a commodity's price or in an index such as the S&P 500, treating them as outliers. But real-life economic