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Louis Bachelier's Theory of Speculation: The Origins of Modern Finance by Louis Bachelier

Louis Bachelier's Theory of Speculation: The Origins of Modern Finance

by Louis Bachelier
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Book cover type: Hardcover
  • ISBN13: 9780691117522
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Princeton University Press
  • Publisher Imprint: Princeton University Press
  • Publication Date:
  • Pages: 188
  • Original Price: INR 7750.0
  • Language: English
  • Edition: N/A
  • Item Weight: 454 grams
  • BISAC Subject(s): Finance / General and Mathematical Analysis

From the Back Cover

"Mark Davis and Alison Etheridge have done a splendid job in translating the Bachelier thesis, thus making it accessible to a wide audience. Apart from the thesis itself, they provide the reader with institutional information, a biography of Bachelier, and a short history of the development of stochastic analysis and mathematical finance. The result is a nice slim volume that will certainly be on the bookshelves of everyone interested in the subject."--Tomas Björk, Professor of Mathematical Finance, Stockholm School of Economics

"This gem of a book will please many readers, including students and researchers in economics, finance, mathematics, and physics. Beyond presenting an annotated translation of Bachelier's original thesis, it also provides a historical overview of the key scientific developments in various fields related to the concepts Bachelier introduced. It reads very well and offers great insight into the historical developments of probability and mathematical finance."--Paul Embrechts, ETH Zurich, coauthor of Quantitative Risk Management

"Louis Bachelier's thesis is a seminal work, and to have it readily accessible will be a most valuable contribution to the field. This book represents a timely look back at the scientific origins of the enormously important modern-day finance industry."--Chris Rogers, University of Cambridge, coauthor of Diffusions, Markov Processes and Martingales, Volumes 1 and 2

Mark Davis, Professor of Mathematics at Imperial College London, has written three books on stochastic modeling and control, most recently Markov Models and Optimization. Alison Etheridge, Professor of Probability at the University of Oxford, is the author of A Course in Financial Calculus and Introduction to Superprocesses.

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