![Amazing discovery: Vincenz Bronzin's option pricing models [An article from: Journal of Banking and Finance]](https://www.ebooknetworking.net/books/B00/0PD/bigB000PDT10W.jpg)
Amazing discovery: Vincenz Bronzin's option pricing models [An article from: Journal of Banking and Finance]
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Book Details
Author(s)
H. Zimmermann, W. Hafner
Publisher
Elsevier
ISBN / ASIN
B000PDT10W
ISBN-13
978B000PDT101
Marketplace
France 🇫🇷
Description
This digital document is a journal article from Journal of Banking and Finance, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
In 1908, Vinzenz Bronzin, a professor of mathematics at the Accademia di Commercio e Nautica in Trieste, published a booklet in German entitled Theorie der Pramiengeschafte (Theory of Premium Contracts) which is an old type of option contract. Almost like Bachelier's now famous dissertation (1900) [Bachelier, Louis, 1900, 1964. Theorie de la speculation, Annales Scientifiques de l' Ecole Normale Superieure, Paris, Ser. 3, 17, pp. 21-88. (English translation in: The random character of stock market prices (Ed. Paul Cootner), MIT-Press (1964), pp. 17-79)], the work seems to have been forgotten shortly after it was published. However, almost every element of modern option pricing can be found in Bronzin's book. In particular, he uses the normal distribution to derive a pricing equation which comes surprisingly close to the Black-Scholes-Merton formula.
Description:
In 1908, Vinzenz Bronzin, a professor of mathematics at the Accademia di Commercio e Nautica in Trieste, published a booklet in German entitled Theorie der Pramiengeschafte (Theory of Premium Contracts) which is an old type of option contract. Almost like Bachelier's now famous dissertation (1900) [Bachelier, Louis, 1900, 1964. Theorie de la speculation, Annales Scientifiques de l' Ecole Normale Superieure, Paris, Ser. 3, 17, pp. 21-88. (English translation in: The random character of stock market prices (Ed. Paul Cootner), MIT-Press (1964), pp. 17-79)], the work seems to have been forgotten shortly after it was published. However, almost every element of modern option pricing can be found in Bronzin's book. In particular, he uses the normal distribution to derive a pricing equation which comes surprisingly close to the Black-Scholes-Merton formula.
