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082 _a332.6453 SZP
100 _aSzpiro, George G.
245 0 _aPricing the future
260 _aNew York
260 _bBasic Books
260 _c2011
300 _a298 p.
520 _aOptions 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.
650 _aOptions (Finance)-Prices-Mathematical models
942 _cB
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