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


March 29, 1900, is considered by many to be the day mathematical finance was born. On that day a French doctoral student, Louis Bachelier, successfully defended his thesis Théorie de la Spéculation at the Sorbonne. The jury, while noting that the topic was “far away from those usually considered by our candidates,” appreciated its high degree of originality. This book provides a new translation, with commentary and background, of Bachelier’s seminal work.

Bachelier’s thesis is a…



Louis Bachelier S Theory Of Speculation

ISBN 10 : 1400829305
ISBN 13 : 9781400829309

March 29, 1900, is considered by many to be the day mathematical finance was born. On that day a French doctoral student, Louis Bachelier, successfully defended his thesis Théorie..


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