Pricing the future : finance, physics, and the 300-year journey to the Black-Scholes equation : a story of genius and discovery / George G. Szpiro.

Format:

Book

Author/Creator:

Szpiro, George, 1950-

Language:

English

Subjects (All):

Options (Finance)--Prices--Mathematical models.

Options (Finance).

Physical Description:

1 online resource (321 p.)

Edition:

1st ed.

Place of Publication:

New York : Basic Books, c2011.

Language Note:

English

Summary:

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 othe

Contents:

Contents; Preface; Introduction; One FLOWERS AND SPICES; Two IN THE BEGINNING; Three FROM RAGS TO RICHES; Four THE BANKER'S SECRETARY; Five THE SPURNED PROFESSOR; Six BOTANY, PHYSICS, AND CHEMISTRY; Seven DISCO DANCERS AND STROBE LIGHTS?; Eight THE OVERLOOKED THESIS; Nine ANOTHER PIONEER?; Ten MEASURING THE IMMEASURABLE; Eleven ACCOUNTING FOR RANDOMNESS; Twelve THE SEALED ENVELOPE; Thirteen THE UTILITY OF LOGARITHMS; Fourteen THE NOBELISTS; Fifteen THE THREE MUSKETEERS; Sixteen THE HIGHER THEY CLIMB. . .; Seventeen ...THE HARDER THEY FALL; Eighteen THE LONG TAIL; Appendix; Notes; Bibliography

Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-281-74817-X

9786613790699

0-465-02815-2

OCLC:

767952974