Abstract
Modern finance today very much reflects how it began. Now, rocket scientists and advanced mathematicians, trained in our schools of science and finance, develop sophisticated models to price risk and returns. More than a century ago, in 1900, Louis Bachelier, a mathematical physicist who had earned an income to put himself through school at the Sorbonne in Paris by working at the Paris Stock Exchange, brought his mathematical prowess to an at that time obscure problem in finance. While his mentor, Jules Henri Poincaré, may have been chagrined by his academic blasphemy at that time, Poincaré saw flashes of brilliance in his idea.
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© 2013 Colin Read
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Read, C. (2013). Combined Contributions. In: The Efficient Market Hypothesists. Great Minds in Finance. Palgrave Macmillan, London. https://doi.org/10.1057/9781137292216_32
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DOI: https://doi.org/10.1057/9781137292216_32
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32435-4
Online ISBN: 978-1-137-29221-6
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