The implications of his work go against the grain of the usual micro theory, I would say because 'wild randomness' does not comport easily with rational choice, foresight, and optimization.
On Thu, Dec 2, 2010 at 9:04 AM, Les Schaffer <schaffer at optonline.net> wrote:
>
> Max Sawicky wrote:
> > After laboring through Mandelbrot's "The (Mis)behavior of Markets," about
> > two-thirds of which I understood
>
> did he have anything interesting to say about markets and economics
> beyond fractal this, fractal that?
>
> Les
>
>
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