Pricing the Future : Finance, Physics, and the 300-year Journey to the Black-Scholes Equation (Edition 1) (Hardcover)

<p>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.</p><p>In <em>Pricing the Future</em>, 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, <em>Pricing the Future</em> retraces the historical and intellectual developments that ultimately led to the widespread use of mathematical models to drive investment strategies on Wall Street.</p>

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.

Manual & guide type	Instruction Manual
Book format	Hardcover
Edition	1
Pages	320
Language	English
Brand	George G Szpiro
Pub date	2011-11-29
Author	Basic Books
Subgenre	Economic History
Genre	Business & Investing
Bisac subject heading	Business & Economics
Series title	No Series
Number in series	0
Dimensions	6.50 x 1.40 x 9.40 in
Age group	Adult
Piece count	0
Retail packaging	Single Piece
Original languages	English