Origin of Modern Finance

charlie

Real Bebopper
The year was 1900, and French Mathematician Louis Bachelier published a paper titled “Theory of Speculation”.

He posits a method of tracking financial market movement, which was later termed “Brownian Motion”.

The paper involves some dense Statistical Theory and PDE’s, and just 5 years later, a young Albert Einstein applies Bacheliers method to the movement of pollen.

I’ll attach a PDF of the paper.
 

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