Le Jeu, la Chance et le Hasard.
by BACHELIER, Louis
- Used
- first
- Condition
- See description
- Seller
-
London, United Kingdom
Payment Methods Accepted
About This Item
Paris: Ernest Flammarion, Editeur,, 1914. The mathematical expectation of the speculator is zero First edition of this popularization of Bachelier's work on speculation. Bachelier summarized his main idea in a single sentence - "The mathematical expectation of the speculator is zero." Louis Bachelier (1870-1946) was an eminent French mathematician and a pioneer in the study of financial mathematics. During his studies at the Sorbonne he wrote his famous thesis, Théorie de la speculation (1900), in which he defined Brownian motion, predating Einstein by five years, and discussed its application to the evaluation of stock options. It was the first paper to use advanced mathematics in the study of finance, and was popularized in this volume, Le Jeu, La Chance et le Hasard (Games, Chance, and Randomness). The economic aspect of Bachelier's work went largely unrecognised in his lifetime until its rediscovery by financial economists over fifty years later, with astounding results. Within 25 years the theory of option pricing was substantially complete, and a multibillion-dollar global industry of option trading had emerged. Uncommon. Octavo. Original orange wrappers, spine and sides lettered in black, edges uncut. Black and white illustrations in the text. Joints a little rubbed, spine ends with a little wear. Paper stock lightly toned; a very good copy.
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Details
- Bookseller
- Peter Harrington (GB)
- Bookseller's Inventory #
- 143405
- Title
- Le Jeu, la Chance et le Hasard.
- Author
- BACHELIER, Louis
- Book Condition
- Used
- Place of Publication
- Paris: Ernest Flammarion, Editeur,
- Date Published
- 1914
Terms of Sale
Peter Harrington
All major credit cards are accepted. Both UK pounds and US dollars (exchange rate to be agreed) accepted. Books may be returned within 14 days of receipt for any reason, please notify first of returned goods.
About the Seller
Peter Harrington
Biblio member since 2006
London
About Peter Harrington
Since its establishment, Peter Harrington has specialised in sourcing, selling and buying the finest quality original first editions, signed, rare and antiquarian books, fine bindings and library sets. Peter Harrington first began selling rare books from the Chelsea Antiques Market on London's King's Road. For the past twenty years the business has been run by Pom Harrington, Peter's son.
Glossary
Some terminology that may be used in this description includes:
- First Edition
- In book collecting, the first edition is the earliest published form of a book. A book may have more than one first edition in...
- Edges
- The collective of the top, fore and bottom edges of the text block of the book, being that part of the edges of the pages of a...
- Spine
- The outer portion of a book which covers the actual binding. The spine usually faces outward when a book is placed on a shelf....
- Wrappers
- The paper covering on the outside of a paperback. Also see the entry for pictorial wraps, color illustrated coverings for...
- Octavo
- Another of the terms referring to page or book size, octavo refers to a standard printer's sheet folded four times, producing...