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Louis Bachelier's Theory of Speculation: The Origins of Modern Finance - Louis Bachelier
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Louis Bachelier's Theory of Speculation: The Origins of Modern Finance - Louis Bachelier

Brand: Louis Bachelier · Categorie: Mathematics · Actualizat: 02.06.2026 03:05

111,55 lei123,94 lei

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Pe scurt: \n \nFrench doctoral student, Louis Bachelier, successfully defended his thesis Th orie de la Sp culation at the Sorbonne. \n \nThis book provides a new translation of Bachelier's seminal work.\n \nBachelier's thesis is…

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\n \nFrench doctoral student, Louis Bachelier, successfully defended his thesis Th orie de la Sp culation at the Sorbonne. \n \nThis book provides a new translation of Bachelier's seminal work.\n \nBachelier's thesis is a remarkable document on two counts. In mathematical terms Bachelier's achievement was to introduce many of the concepts of what is now known as stochastic analysis. His purpose, however, was to give a theory for the valuation of financial options. He came up with a formula that is both correct on its own terms and surprisingly close to the Nobel Prize-winning solution to the option pricing problem by Fischer Black, Myron Scholes, and Robert Merton in 1973.\n \n \n\n \nThis book offers great insight into the historical developments of probability and mathematical finance. \n \n \n\n

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