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But a fractal is something a ten-year-old child might hit on.
ECONOMIST: Beno?t Mandelbrot
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That, at bottom, is what describes a fractal.
ECONOMIST: Beno?t Mandelbrot
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Yes, there will be automation, but human diversity is such that there is a virtually fractal infinity of software problems to solve if the people who are in direct contact with the problems have the ability to write their own code.
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This is a non-normal, fractal distribution.
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Yet away from his work on finance, his fractal canon is also a fantastic tool to analyse stocks.
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The Fractal Geometry of Nature, a 1982 book on the continual reappearance of fractals in nature, made him famous.
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Trees, clouds, numerous patterns that we see in daily life--all turned out to be fractal in nature, described by a branch of mathematics that Mandelbrot had started.
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If you mug up on your probability and fractal math you will note that a lot of phenomena scales along the time axis so, for example, meteor strikes and gets bigger at the extreme with the passage of time.
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He envisions these growing scales of collective consciousness as fractal in nature, all part of a larger, inseparable system.
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Green, who trained as a nuclear engineer at UC-Berkeley, started out doing fractal math to model ecological risk across huge biological systems such as the rainforest.
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One team, for instance, inserted the virus into a program running a Mandelbrot set, a complex, mathematics-based structure named after the father of fractal geometry.
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There are investment professionals with multiple Ivy League degrees, people who wrote PhD theses on nuclear fusion or fractal patterns in nature, who have been lured to Wall Street to estimate whether or not a knock off version of Scrabble called Words with Friends will grow to 65 or 65.2 million users by September.
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