Bass – The Basics of Financial Mathematics
In this course we will study mathematical finance. Mathematical finance is not about predicting the price of a stock. What it is about is figuring out the price of options and derivatives.The most familiar type of option is the option to buy a stock at a given price at a given time. For example, suppose […]
William N. Goetzmann – Fibonacci and the Financial Revolution
Financial Revolution This paper examines the contribution of Leonardo of Pisa [Fibonacci] to the history of financial mathematics. Evidence in Leonardo’s Liber Abaci (1202) suggests that he was the first to develop present value tahlil for comparing the economic value of alternative contractual cash flows. He also developed a general method for expressing investment returns, […]