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.OCO 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 brokerOCOs assistant who published the first ...
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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.OCO 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 brokerOCOs 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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Add this copy of Pricing the Future: Finance, Physics, and the 300-Year to cart. $8.30, good condition, Sold by Zoom Books Company rated 4.0 out of 5 stars, ships from Lynden, WA, UNITED STATES, published 2011 by Basic Books.
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