>Brownian motion had been described and studied since at least the early 19th century
>Was modelled by mathematician Louis Bachelier in his thesis published in 1900 (where he also introduced the idea of its usefulness in valuing stock options)
>The Black-Scholes model was finally published in 1973 in an article entitled "The Pricing of Options and Corporate Liabilities"
tfw it took economists over 70 years to realise "Ayo dat graph be lookin like the stock market and sheeeit"
>Was modelled by mathematician Louis Bachelier in his thesis published in 1900 (where he also introduced the idea of its usefulness in valuing stock options)
>The Black-Scholes model was finally published in 1973 in an article entitled "The Pricing of Options and Corporate Liabilities"
tfw it took economists over 70 years to realise "Ayo dat graph be lookin like the stock market and sheeeit"
