Financial markets are far riskier than we ever imagined and conventional theories are dangerously wrong.
This is the topic Professor Benoit Mandelbrot, Yale University, will address in a public lecture at the London School of Economics and Political Science (LSE) on Thursday 16 June.
Professor Mandelbrot, a leading mathematician and inventor of fractal geometry, will use his fractal tools to show why conventional theories of markets are incorrect and to demonstrate how markets really do work and why they so often misbehave.
Benoit Mandelbrot is Sterling Professor of Mathematical Sciences at Yale University and a fellow emeritus at IBM's Thomas J Watson Laboratory.
His book The Misbehaviour of Markets has recently been published by Profile Books.
John Sutton, Sir John Hicks Professor of Economics and convenor of the Department of Economics at LSE, will chair this event.
The Misbehaviour of Markets is on Thursday 16 June at 6.30pm in the Old Theatre, Old Building, LSE, Houghton Street, London WC2A. This event is free and open to all with no ticket required.
To request a press seat, please contact Jessica Winterstein, LSE Press Office, on 020 7955 7060 or email j.Winterstein@lse.ac.uk
City Diary (16 June 05)
Leading mathematician Benoit Mandelbrot will make a guest appearance at LSE to discuss the less visible risks of financial markets.
6 June 2005