Finance, Physics, and the 300-year Journey to the Black-Scholes Equation
by
George G. Szpiro
Language: English
Release Date: November 29, 2011
Options have been traded for hundreds of years, but investment decisions were based on gut feelings until the Nobel Prizewinning 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,...