Louis Bachelier

Louis Bachelier (1870-1946) was a French mathematician. He is considered to be the founder of modern mathematical finance as he was the first in history to apply stochastic processes to evaluate stock options. His PhD thesis The Theory of Speculation covered the study of finance with the use of Brownian motion. (cf. Wikipedia)

Books

Louis Bachelier’s Theory of Speculation: The Origins of Modern Finance
Translated and with commentary by Mark Davis and Alison Etheridge, foreword by Paul A. Samuelson
Princeton University Press (2006)
ISBN: 978-0-691-11752-2

Louis Bachelier: Aux origines de la finance mathématique
Jean-Michel Courtault and Youri Kabanov
Presses Universitaires de Franche-Comté (2002)
ISBN: 2-84627-064-3

Theory of Speculation, Translation of Louis Bachelier’s thesis (1900)
in The Random Character of Stock Market Prices
Paul H. Cootner (Ed.), MIT 1964, 18-91
reprint, Risk Books (2000)
ISBN: 1-899332-847

Articles

Louis Bachelier: On the Centenary of Theorie de la Speculation
Jean-Michel Courtault
in Mathematical Finance 10 (3), 341-353, Wiley-Blackwell, (2000).

Bachelier and his Times: A Conversation with Bernard Bru
in Mathematical Finance - Bachelier Congress 2000, 1-39
H. Geman, D. Madan, S.R. Pliska, T. Vorst (Eds.)
Springer (2001).

Links

Biography: Louis Bachelier

Louis Bachelier in Wikipedia