The Efficient Market Hypothesists: Bachelier, Samuelson, Fama, Ross, Tobin and Shiller, Read Colin

Автор: Read
Название: The Efficient Market Hypothesists
ISBN: 0230274218 ISBN-13(EAN): 9780230274211
Издательство: Springer
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Цена: 16769.00 р.
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Описание: Describes the lives, theories, and legacies of six great minds in finance who changed the way we look at financial markets and equilibrium. Bachelier, Samuelson, Fama, Ross, Tobin, and Shiller; proponents and critics of the market efficiency theories who redefined modern finance, creating the foundation on which all financial analysis rests.

Автор: Bachelier Louis
Название: Louis Bachelier`s Theory of Speculation: The Origins of Modern Finance
ISBN: 5694511255 ISBN-13(EAN): 9785694511254
Издательство: Неизвестно
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Цена: 2757.00 р.
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Описание:

French doctoral student, Louis Bachelier, successfully defended his thesis Th orie de la Sp culation at the Sorbonne.

This book provides a new translation of Bachelier's seminal work.

Bachelier's thesis is a remarkable document on two counts. In mathematical terms Bachelier's achievement was to introduce many of the concepts of what is now known as stochastic analysis. His purpose, however, was to give a theory for the valuation of financial options. He came up with a formula that is both correct on its own terms and surprisingly close to the Nobel Prize-winning solution to the option pricing problem by Fischer Black, Myron Scholes, and Robert Merton in 1973.

This book offers great insight into the historical developments of probability and mathematical finance.