Literaturnachweis - Detailanzeige
Autor/inn/en | Sullivan, Edward J.; Weithers, Timothy M. |
---|---|
Titel | Louis Bachelier: The Father of Modern Option Pricing Theory. |
Quelle | In: Journal of Economic Education, 22 (1991) 2, S.165-71Infoseite zur Zeitschrift |
Sprache | englisch |
Dokumenttyp | gedruckt; Zeitschriftenaufsatz |
ISSN | 0022-0485 |
Schlagwörter | Cost Indexes; Economic Research; Economics Education; Educational History; Free Enterprise System; Higher Education; Models |
Abstract | Observes that, before 1973, determining a valuation formula for option prices was an elusive goal of financial economics. Discusses Louis Bachelier's early twentieth-century work on the problem. Notes that Bachelier derived a normal distribution for stock price movements by modeling price changes in specific way. Reviews Bachelier's option pricing equation. (SG) |
Erfasst von | ERIC (Education Resources Information Center), Washington, DC |