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Louis Bachelier on the Centenary of Théorie de la Spéculation [Note 1. We would like to thank Cécile Bachelier‐de Visme, Odile ...]
Author(s) -
Courtault JeanMichel,
Kabanov Yuri,
Bru Bernard,
Crépel Pierre,
Lebon Isabelle,
Le Marchand Arnaud
Publication year - 2000
Publication title -
mathematical finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.98
H-Index - 81
eISSN - 1467-9965
pISSN - 0960-1627
DOI - 10.1111/1467-9965.00098
Subject(s) - humanities , art history , philosophy , art
Written on the occasion of the centenary of Louis Bachelier's 1900 PhD thesis “Theorie de la speculation”, this paper puts Bachelier into a historical perspective. It explains his role as a pioneer in both mathematical finance and probability theory, and it also gives a careful account of Bachelier's difficult personal and scientific career. This includes a discussion of Poincare's report on the PhD thesis (the report itself with an English translation is reproduced in the appendix), and an explanation for the controversy between Bachelier's work and Paul L´evy's reports on it. The paper also contains a curriculum vitae and a list of the publications of Bachelier is made available.