ART, MATHEMATICS AND FINANCE.

ART, MATHEMATICS AND FINANCE. I have posted a lot on Nassim Nicholas Taleb’s ideas about Black Swans. One of the thinkers that Taleb most admires is the mathematician Benoit Mandelbrot. Taleb has a chapter in THE BLACK SWAN devoted to Mandelbrot’s ideas, entitled “The Aesthetics of Randomness” and calls the Mandelbrot Set “the most famous object in the history of mathematics.” Taleb credits Mandelbrot with coining the word “fractal” to “describe the geometry of the rough and broken” and has a useful definition: “Fractility is the repetition of geometric patterns at different scales.”