E-Book, Englisch, 562 Seiten
Hafner / Zimmermann Vinzenz Bronzin's Option Pricing Models
1. Auflage 2009
ISBN: 978-3-540-85711-2
Verlag: Springer Berlin Heidelberg
Format: PDF
Kopierschutz: 1 - PDF Watermark
Exposition and Appraisal
E-Book, Englisch, 562 Seiten
ISBN: 978-3-540-85711-2
Verlag: Springer Berlin Heidelberg
Format: PDF
Kopierschutz: 1 - PDF Watermark
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 Prämiengeschäfte (Theory of Premium Contracts) which is an old type of option contract. Almost like Bachelier's now famous dissertation (1900), 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. He derives option prices for an illustrative set of distributions, including the Normal. - This volume includes a reprint of the original German text, a translation, as well as an appreciation of Bronzin's work from various perspectives (economics, history of finance, sociology, economic history) including some details about the professional life and circumstances of the author. The book brings Bronzin's early work to light again and adds an almost forgotten piece of research to the theory of option pricing.
Autoren/Hrsg.
Weitere Infos & Material
1;Contents;5
2;Preface;9
3;1 Vinzenz Bronzin – Personal Life and Work;15
4;Stefan Zweig: A Representative Voice of the Time;23
5;2 How I Discovered Bronzin’s Book;24
6;Part A;27
6.1;3 Facsimile of Bronzin’s Original Treatise;28
7;Part B Theory of Premium Contracts;117
7.1;4 Translation of Bronzin’s Treatise;117
8;Part C Background and Appraisal of Bronzin’s Work;204
8.1;5 A Review and Evaluation of Bronzin’s Contribution from a Financial Economics Perspective;208
8.2;6 Probabilistic Roots of Financial Modelling: A Historical Perspective;252
8.3;7 The Contribution of the Social-Economic Environment to the Creation of Bronzin’s Theory of Premium Contracts ;293
9;Part D Cultural and Socio-Historical Background;302
9.1;8 The Late Habsburg Monarchy – Economic Spurt or Delayed Modernization?;305
9.2;9 A Change in the Paradigm for Teaching Mathematics;321
9.3;10 Monatshefte für Mathematik und Physik – A Showcase of the Culture of Mathematicians in the Habsburgian-Hungarian Empire During the Period from 1890 until 1914;334
9.4;11 The Certainty of Risk in the Markets of Uncertainty;356
10;Part E Trieste;370
10.1;12 Speculation and Security. The Financial World in Trieste in the Early Years of the Twentieth Century;373
10.2;13 The Cultural Landscape of Trieste at the Beginning of the 20th Century – an Essay;389
11;Part F Finance, Economics and Actuarial Science;421
11.1;15 A Short History of Derivative Security Markets;425
11.2;16 Retrospective Book Review on James Moser: "Die Lehre von den Zeitgeschäften und deren Combinationen" ( 1875);461
11.3;17 The History of Option Pricing and Hedging;465
11.4;18 The Early History of Option Contracts;481
11.5;19 Bruno de Finetti, Actuarial Sciences and the Theory of Finance in the 20th Century;513
11.6;20 The Origins of Expected Utility Theory;528
11.7;21 An Early Structured Product: Illustrative Pricing of Repeat Contracts;539
12;Biographical Notes on the Contributors;552
