ISBN: 9781400829309

March 29, 1900, is considered by many to be the day mathematical finance was born. On that day a French doctoral student, Louis Bachelier, successfully defended his thesis Thorie de la Sp… Mehr…

March 29, 1900, is considered by many to be the day mathematical finance was born. On that day a French doctoral student, Louis Bachelier, successfully defended his thesis Thorie de la Spculation at the Sorbonne. The jury, while noting that the topic was "far away from those usually considered by our candidates," appreciated its high degree of originality. This book provides a new translation, with commentary and background, of Bachelier's seminal work. Bachelier'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, the first decisive advance since 1900. Aside from providing an accurate and accessible translation, this book traces the twin-track intellectual history of stochastic analysis and financial economics, starting with Bachelier in 1900 and ending in the 1980s when the theory of option pricing was substantially complete. The story is a curious one. The economic side of Bachelier's work was ignored until its rediscovery by financial economists more than fifty years later. The results were spectacular: within twenty-five years the whole theory was worked out, and a multibillion-dollar global industry of option trading had emerged.; EPUB; Biography > Biography: general > Biography: business & industry, Sourcebooks<

2011, ISBN: 9781400829309

Vorwort: Samuelson, Paul A. Übersetzer: Davis, Mark, Übersetzer: Etheridge, Alison, Mitwirkende: Samuelson, Paul A. Princeton University Press, Kindle Ausgabe, 206 Seiten, Publiziert: 201… Mehr…

Vorwort: Samuelson, Paul A. Übersetzer: Davis, Mark, Übersetzer: Etheridge, Alison, Mitwirkende: Samuelson, Paul A. Princeton University Press, Kindle Ausgabe, 206 Seiten, Publiziert: 2011-12-12T00:00:00.000Z, Produktgruppe: Digital Ebook Purchas, Verkaufsrang: 1190427, Finanzen, Business & Karriere, Kategorien, Bücher, Mathematik, Naturwissenschaften & Technik, Wirtschaft, Fremdsprachige eBooks, Kindle eBooks, Kindle-Shop, Wissenschaft & Natur, Business, Karriere & Geld, Englische eBooks, Nach Sprache, Mathematische Analyse, Fachbücher, Format: Kindle eBook, Princeton University Press, 2011<

2011, ISBN: 9781400829309

Foreword: Samuelson, Paul A. Translator: Davis, Mark, Translator: Etheridge, Alison, Contributor: Samuelson, Paul A. Princeton University Press, Kindle Edition, 206 Seiten, Publiziert: 20… Mehr…

Foreword: Samuelson, Paul A. Translator: Davis, Mark, Translator: Etheridge, Alison, Contributor: Samuelson, Paul A. Princeton University Press, Kindle Edition, 206 Seiten, Publiziert: 2011-12-12T00:00:00.000Z, Produktgruppe: Digital Ebook Purchas, Verkaufsrang: 830198, Finance, Business & Money, Subjects, Books, Mathematical Analysis, Mathematics, Science & Math, Kindle eBooks, Categories, Kindle Store, Format: Kindle eBook, Princeton University Press, 2011<

ISBN: 9781400829309

Louis Bachelier's Theory of Speculation ab 77.49 € als epub eBook: The Origins of Modern Finance. Aus dem Bereich: eBooks, Belletristik, Erzählungen, Medien > Bücher nein eBook als epub e… Mehr…

Louis Bachelier's Theory of Speculation ab 77.49 € als epub eBook: The Origins of Modern Finance. Aus dem Bereich: eBooks, Belletristik, Erzählungen, Medien > Bücher nein eBook als epub eBooks > Belletristik > Erzählungen, Princeton University Press<

ISBN: 9781400829309

Louis Bachelier's Theory of Speculation - The Origins of Modern Finance: ab 76.49 € eBooks > Belletristik > Erzählungen Princeton University Press eBook als epub, Princeton University Press

Louis Bachelier's Theory of Speculation - The Origins of Modern Finance: ab 76.49 € eBooks > Belletristik > Erzählungen Princeton University Press eBook als epub, Princeton University Press<