Pricing the Future: Finance, Physics, and the 300-Year Journey to the Black-Scholes Equation: A Story of Genius and Discovery (Hardcover) (ISBN-13: 9780465022489)

Options 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.

Author: George G. Szpiro
ISBN-10: 0465022480
ISBN-13: 9780465022489
Publisher: Basic Books
Language: English
Published: 11/29/2011
Pages: 320
Format: Hardcover
Weight: 1.20lbs
Size: 9.40h x 6.50w x 1.40d

Review Citation(s):
Kirkus Reviews 10/01/2011
Booklist 11/01/2011 pg. 7