Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Pricing the Future: Finance, Physics, and the 300-Year Journey to the Black-Scholes Equation: A Story of Genius and Discovery

Pricing the Future: Finance, Physics, and the 300-Year Journey to the Black-Scholes Equation: A Story of Genius and Discovery

Szpiro, George G.

Hardcover

EconomicsInvesting & FinanceSports General

ISBN10: 0465022480
ISBN13: 9780465022489
Publisher: Basic Books
Published: Nov 1 2011
Pages: 320
Weight: 1.20
Height: 1.40 Width: 6.50 Depth: 9.40
Language: English

Options have been traded for hundreds of years, but investment decisions were based on gut feelings until the Nobel Prize-winning discovery of the Black-Scholes options pricing model in 1973 ushered in the era of the quants. Wall Street would never be the same.

In Pricing the Future, financial economist George G. Szpiro tells the fascinating stories of the pioneers of mathematical finance who conducted the search for the elusive options pricing formula. From the broker's assistant who published the first mathematical explanation of financial markets to Albert Einstein and other scientists who looked for a way to explain the movement of atoms and molecules, Pricing the Future retraces the historical and intellectual developments that ultimately led to the widespread use of mathematical models to drive investment strategies on Wall Street.

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