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- Benoit Mandelbrot
A fractal, short for "fractional dimension" determined by Dr. Benoit Mandlebrot was a way for coping in the real world the problems of scale. The definition of the fractal is a curve or surface that is scale independent. Self-similarity, the name given to the property means that the whole curve would be identical once blown up to scale to any portion of the curve. This change from one scale to the other is a simple scaling process.
Benoit Mandelbrot determined the geometry of the fractal in 1970s. The relationship between fractals and nature was considered. Through looking at the flow of large and small fluctuations in terms of similarity in the stock market in 1961, the phenomena of non-standard scaling was determined...
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