Louis Bachelier’s Theory of Speculation

Louis Bachelier’s Theory of Speculation

Louis Bachelier’s Theory of Speculation

Louis Bachelier

14,98 €
IVA incluido
Disponible
Editorial:
Stanford Inversiones SpA
Año de edición:
2020
Materia
Finanzas
ISBN:
9785694511254
14,98 €
IVA incluido
Disponible

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French doctoral student, Louis Bachelier, successfully defended his thesis Théorie de la Spéculation at the Sorbonne. This book provides a new translation 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.This book offers great insight into the historical developments of probability and mathematical finance.  

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Otros libros del autor

  • Louis Bachelier’s Theory of Speculation
    Louis Bachelier
    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 Théorie de la Spéculation 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 ...