Pricing the Future: Finance, Physics, and the 300-Year Journey to the Black-Scholes Equation: A Story of Genius and Discovery
| AUTHOR | Szpiro, George; Szpiro, George G. |
| PUBLISHER | Basic Books (11/29/2011) |
| PRODUCT TYPE | Hardcover (Hardcover) |
Description
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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Product Format
Product Details
ISBN-13:
9780465022489
ISBN-10:
0465022480
Binding:
Hardback or Cased Book (Unsewn / Adhesive Bound)
Content Language:
English
More Product Details
Page Count:
320
Carton Quantity:
18
Product Dimensions:
6.50 x 1.40 x 9.40 inches
Weight:
1.20 pound(s)
Feature Codes:
Bibliography,
Index,
Price on Product - Canadian,
Dust Cover,
Price on Product,
Table of Contents,
Illustrated
Country of Origin:
US
Subject Information
BISAC Categories
Business & Economics | Economic History
Business & Economics | History
Business & Economics | Investments & Securities - Options
Grade Level:
College Freshman
and up
Dewey Decimal:
332.645
Library of Congress Control Number:
2011025031
Descriptions, Reviews, Etc.
annotation
Financial economist Szpiro tells the fascinating stories of the pioneers of mathematical finance who conducted the search for the elusive options pricing formula. "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.
Show More
publisher marketing
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.
Show More
Your Price
$36.63