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Summary of james owen weatherall's the physics of wall street

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Summary of james owen weatherall's the physics of wall street

Par :   Everest Media

Editeur : Everest Media Llc

Numéro de produit : 9798822539686

ISBN : 9798822539686

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Please note: This is a companion version & not the original book. Sample Book Insights: #1 The French capital, Paris, was abuzz with progress in the 1890s. The city was home to the Bourse, France's principal financial exchange, and the Palais Brongniart, a palace built by Napoleon as a temple to money. #2 Paul Samuelson, an economics professor at MIT, was interested in mathematical finance. He had never heard of Louis Bachelier, but he had read his dissertation, which was titled A Theory of Speculation. It contained the mathematics of financial markets, and it was 20 years old. #3 Cardano was the first person to take a mathematical interest in games of chance. He believed that if one assumed a die was just as likely to land with one face showing as another, one could work out the precise likelihoods of all sorts of combinations occurring. #4 The French writer Chevalier de Méré was interested in a number of questions, the most pressing of which was how to play dice games. He had an instinct that if you bet that a 6 would get rolled, and you made this bet every time you played the game, over time you would tend to win slightly more often than you lost.

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