Louis Bachelier
![Louis Bachelier](https://upload.wikimedia.org/wikipedia/commons/3/3b/LouisBachelier.jpg)
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. Provided by Wikipedia
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Published: [2011]
Superior document: Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013
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Published: c2006.