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Bachelier - Hôtel D'Assézat - Toulouse
Louis Jean-Baptiste Alphonse Bachelier (; 11 March 1870 – 28 April 1946) 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, as part of his doctoral thesis ''The Theory of Speculation'' (''Théorie de la spéculation'', defended in 1900). Bachelier's doctoral thesis, which introduced the first mathematical model of Brownian motion and its use for valuing stock options, was the first paper to use advanced mathematics in the study of finance. His Bachelier model has been influential in the development of other widely used models, including the Black-Scholes model. Bachelier is considered as the forefather of mathematical finance and a pioneer in the study of stochastic processes. Early years Bachelier was born in Le Havre, in Seine-Maritime. His father was a wine merchant and amateur scientist, and the vice-consul of Venezuela at Le Havre. His mother was the daught ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Le Havre
Le Havre is a major port city in the Seine-Maritime department in the Normandy (administrative region), Normandy region of northern France. It is situated on the right bank of the estuary of the Seine, river Seine on the English Channel, Channel southwest of the Pays de Caux, very close to the Prime Meridian (Greenwich), Prime Meridian. Le Havre is the most populous commune of Upper Normandy, although the total population of the greater Le Havre conurbation is smaller than that of Rouen. It is also the second largest subprefecture in France, after only Reims. The name ''Le Havre'' means "the harbour" or "the port". Its inhabitants are known as ''Havrais'' or ''Havraises''. The city and Port of Le Havre, port were founded by Francis I of France, King Francis I in 1517. Economic development in the early modern period was hampered by European wars of religion, religious wars, conflicts with the English, epidemics, and storms. It was from the end of the 18th century that Le Havre st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
