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  • Pricing the Future

  • Finance, Physics, and the 300-Year Journey to the Black-Scholes Equation
  • Written by: George Szpiro
  • Narrated by: Brian Troxell
  • Length: 10 hrs
  • 3.5 out of 5 stars (2 ratings)

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Pricing the Future

Written by: George Szpiro
Narrated by: Brian Troxell
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Publisher's Summary

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.

©2011 George G. Szpiro (P)2011 Audible, Inc.

What the critics say

"One of the major intellectual achievements of the 20th century was the theory of option pricing. This is its story, and it’s absolutely fascinating." (Robert P. Inman, Richard K. Mellon Professor of Finance and Economics, The Wharton School of the University of Pennsylvania)
"[A] fascinating historical account.... Those who think finance is a science will be surprised by the serendipitous events that delayed the discovery of the option-pricing formula by 73 years; those who think finance is an art will be shocked by the deep connections between option-pricing, physics, and probability theory." (Andrew Lo, Harris & Harris Group Professor of Finance and Director of the Laboratory for Financial Engineering, Massachusetts Institute of Technology)
"Szpiro’s tale should fascinate readers who follow the markets." ( Booklist)

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  • 2018-08-18

Lots of theory but next to no practical

I was hoping to incorporate the knowledge of this equation to my own finances but was unable to. The story was interesting but the French pronunciation left much to be desired.

If you want a hands on approach to the black scholes equation, then pass on this audio book.

I was very disappointed.

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