Louis Bachelier
Mathematician, Academic
1870 – 1946
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Who was Louis Bachelier?
Louis Jean-Baptiste Alphonse Bachelier was a French mathematician at the turn of the 20th century. He is credited with being the first person to model the stochastic process now called Brownian motion, which was part of his PhD thesis The Theory of Speculation,.
His thesis, which discussed the use of Brownian motion to evaluate stock options, is historically the first paper to use advanced mathematics in the study of finance. Thus, Bachelier is considered a pioneer in the study of financial mathematics and stochastic processes.
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- Born
- Mar 11, 1870
Le Havre - Nationality
- France
- Profession
- Education
- University of Paris
- Lived in
- Le Havre
- Died
- Apr 28, 1946
France
Submitted
on July 23, 2013
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