From the world-famous inventor of fractal geometry, a revolutionary new theory that turns on its head our understanding of how markets work. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf, a rocky coastline or static in a computer connection to a few simple mathematical properties - to make the complex simple. With his fractal tools, Benoit Mandelbrot has got to the bottom of how financial markets really work. He finds they have a shifting sense of time, a unique dimension and a wild kind of behaviour that makes them volatile, dangerous - and also beautiful. In Mandelbrot's fractal models, the complex gyrations of IBM's stock price, the FTSE 100, cotton trading and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved.
This international bestseller, which foreshadowed a market crash, explains why it could happen again if we don't act now. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf or static in a computer connection to a few simple mathematical properties. With his fractal tools, Mandelbrot has got to the bottom of how financial markets really work. He finds they have a shifting sense of time and wild behaviour that makes them volatile, dangerous - and beautiful. In his models, the complex gyrations of the FTSE 100 and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved.
A groundbreaking mathematician presents a new model for understanding financial markets Benoit B. Mandelbrot is world-famous for inventing fractal geometry, making mathematical sense of a fact everybody knows but that geometers from Euclid on down had never assimilated: Clouds are not round, mountains are not cones, coastlines are not smooth. To these insights we can now add another example: Markets are not the safe bet your broker may claim. Mandelbrot, with co-author Richard L. Hudson, shows how the dominant way of thinking about the behavior of markets--a set of mathematical assumptions a century old and still learned by every MBA and financier in the world--simply does not work. He uses fractal geometry to propose a new, more accurate way of describing market behavior. From the gyrations of the Dow to the dollar-euro exchange rate, Mandlebrot shows how to understand the volatility of markets in far more accurate terms than the failed theories that have repeatedly brought the financial system to the brink of disaster. The result is no less than the foundation for a new science of finance.
The story of Tang and her gallant crew ranks with the most amazing of naval history. Whether rescuing Navy fliers off Truk or stalking enemy convoys off Japan, Tang carried the war to the enemy with unparalleled ferocity. Tang’s skipper on all five of her war patrols, Rear Admiral Richard H. O’Kane is acknowledged as the top submarine skipper of World War II. His personal decorations include three Navy Crosses and the Congressional Medal of Honor. He retired as a rear admiral from his command of the Submarine School, rounding out twenty years with the boats. He also wrote the classic Wahoo: The Patrols of America’s Most Famous WWII Submarine. Praise for Clear the Bridge! “There is no doubt that Tang was the best. . . . Most of the rest of us wondered what it was she had that the others didn’t. And here it is, in this extraordinary ‘tell it as it really happened’ book, written by the most daring, most professional submarine skipper of the war.”—Capt. Edward Beach, author of Run Silent, Run Deep “A classic of naval literature. . . . A stirring tribute, not only to [Richard O’Kane’s] gallant crew, but to all World War II submariners.”—Michael D. Hull, Military Magazine “Reading of [Tang’s] career and of the men aboard her is one of the great reading experiences of my life.”—Broox Sledge, The Book World
General Richard Henry Pratt, best known as the founder and longtime superintendent of the influential Carlisle Indian School in Pennsylvania, profoundly shaped Indian education and federal Indian policy at the turn of the twentieth century. His experiences led him to dedicate himself to Indian education, and from 1879 to 1904 he directed the Carlisle school, believing that the only way to save Indians from extinction was to remove Indian youth to nonreservation settings and there inculcate in them what he considered civilized ways.
Covering both the theoretical and practical aspects of critical care,Irwin & Rippe’s Intensive Care Medicine, Ninth Edition, provides state-of-the-art, evidence-based knowledge for specialty physicians and non-physicians practicing in the adult intensive care environment. Drs. Craig M. Lilly, Walter A. Boyle, and Richard S. Irwin, along with a team of expert contributing authors and education expert, William F. Kelly, offer authoritative, comprehensive guidance from an interprofessional, collaborative, educational, and scholarly perspective, encompassing all adult critical care specialties.
Expertly bridging the gap between basic science and clinical information, Williams Textbook of Endocrinology, 14th Edition, brings together an outstanding collection of world-renowned authors to provide authoritative discussions of the full spectrum of adult and pediatric endocrine system disorders. New chapters and significant revisions throughout keep you up to date with recent advances in medications, therapies, clinical trials, and more. This essential reference is a must-have resource for endocrinologists, endocrine surgeons, gynecologists, internists, pediatricians, and other clinicians who need current, comprehensive coverage of this multifaceted field. Up to date with recent advances in medications, therapies, and clinical trials. Provides state-of-the-art coverage of diabetes, metabolic syndrome, metabolic bones disorders, obesity, thyroid disease, testicular disorders, newly defined adrenal disorders and much more - all designed to help you provide optimal care to every patient. Contains new chapters on Global Burden of Endocrine Disease, Navigation of Endocrine Guidelines, and Transgender Endocrinology. Includes significant updates to the Diabetes section, including a new chapter on Physiology of Insulin Secretion and greater coverage of Type 2 Diabetes. Presents current information in a highly illustrated, user-friendly format for quick reference.
Universally acclaimed as the book on garbage collection. A complete and up-to-date revision of the 2012 Garbage Collection Handbook. Thorough coverage of parallel, concurrent and real-time garbage collection algortithms including C4, Garbage First, LXR, Shenandoah, Transactional Sapphire and ZGC, and garbage collection on the GPU. Clear explanation of the trickier aspects of garbage collection, including the interface to the run-time system, handling of finalisation and weak references, and support for dynamic languages. New chapters on energy aware garbage collection, and persistence and garbage collection. The e-book includes more than 40,000 hyperlinks to algorithms, figures, glossary entries, indexed items, original research papers and much more. Backed by a comprehensive online database of over 3,400 garbage collection-related publications
In the climax of Richard Lawrence Miller's epic four-volume biography of Abraham Lincoln's pre-presidential years, a blunder by the proponents of slavery propels Lincoln toward the White House. Initially, passage of the Kansas-Nebraska Act seems to be a victory for the South, opening the American West to slavery. Ultimately, however, the North rises in anger, with Lincoln helping to fan the flames of rage. Before the first shot of the Civil War is fired, the ambitious westerner is transformed, seeking more power yet, but wielding it in defense of the American dream. His dedication and dependability set him apart from his Republican competitors and help him secure his party's presidential nomination in 1860. With this installment, the most detailed and comprehensive biography of a pre-presidential Abraham Lincoln in the past 100 years comes to its conclusion.
Based on comparative adult education statistics offered by the Organisation for Economic Co-operation and Development (OECD) Survey of Adult Skills (PIAAC) and country case studies, this book analyses the policies and structures that foster adult learning. It examines a variety of forms of adult learning, ranging from initial forms of post-compulsory education, such as upper secondary tracks and tertiary education, to firm training, compensatory adult education and learning for civic and leisure oriented purposes. Throughout the book, adult learning systems are directly linked to a variety of structural and public policy frameworks using a comparative welfare state approach. Themes such as pathways to learning and transition systems, participation patterns in higher education and participation patterns in other organized forms of adult learning are covered. The countries discussed are the UK, the USA, Korea, Denmark, Finland, Norway, Germany and the Netherlands. Situated at the intersection between scholarship and policy and using a mixed-methods approach, this title contributes fundamental insights into the further study of policies and structures related to alternative post-compulsory learning pathways.
For more than 50 years, researchers ... have identified pheromones as the triggers for a wide range of mammalian behaviors and endocrine responses. In this book, [author] rejects this idea and states bluntly that, in contrast to insects, mammals do not have pheromones. ... [book title] directly challenges ideas about the role chemicals play in mammalian behavior and reproductive processes."--Book jacket.
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