Mandelbrot, Fama and the emergence of econophysics
It is argued that Mandelbrot’s stable Lévy-Pareto distributions were not accepted into the emerging field of financial economics due to their incompatibility with the analytical techniques and properties of equilibrium economics, and to the absence –both in physics and in economics— of analytical so...
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| Format: | Article |
| Language: | English |
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Universidad Nacional de Colombia
2016-09-01
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| Series: | Cuadernos de Economía |
| Online Access: | https://revistas.unal.edu.co/index.php/ceconomia/article/view/44320 |