Vinzenz Bronzin’s Option Pricing Models : Exposition and Appraisal

edited by Wolfgang Hafner, Heinz Zimmermann

In 1908, Vinzenz Bronzin, a professor of mathematics at the Accademia di Commercio e Nautica in Trieste, published a booklet in German entitled Theorie der Prämiengeschäfte (Theory of Premium Contracts) which is an old type of option contract. Almost like Bachelier`s now famous dissertation (1900), the work seems to have been forgotten shortly after it was published. However, almost every element of modern option pricing can be found in Bronzin`s book. He derives option prices for an illustrative set of distributions, including the Normal. - This volume includes a reprint of the original German text, a translation, as well as an appreciation of Bronzin's work from various perspectives (economics, history of finance, sociology, economic history) including some details about the professional life and circumstances of the author. The book brings Bronzin's early work to light again and adds an almost forgotten piece of research to the theory of option pricing.

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Year of publication:	2009
Authors:	Hafner, Wolfgang
Other Persons:	Zimmermann, Heinz (contributor)
Publisher:	Berlin, Heidelberg : Springer Berlin Heidelberg
Subject:	Vinzenz Bronzin \| Optionspreistheorie \| Option pricing theory \| Ökonomische Ideengeschichte \| History of economic thought \| Theorie \| Theory \| Geschichte 1908
Description of contents:	Table of Contents [d-nb.info] ; Description [swbplus.bsz-bw.de] ; Description [zbmath.org]

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Extent:	Online-Ressource (digital)
Series:	SpringerLink / Bücher
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Quelle
Language:	English
Notes:	Includes bibliographical references CONTENTS; Preface; 1 Vinzenz Bronzin - Personal Life and Work; Stefan Zweig: A Representative Voice of the Time; 2 How I Discovered Bronzin's Book; Part A: Theorie der Prämiengeschäfte; 3 Facsimile of Bronzin's Original Treatise; I. TeilDie verschiedenen Formen und die gegenseitigen Beziehungender Zeitgeschäfte; II. TeilUntersuchungen höherer Ordnung; Part B: Theory of Premium Contracts; 4 Translation of Bronzin's Treatise; Part I.Different Types and Inter-relationships of Contracts for Future Delivery; Part II.High Order Analyses; Part C: Background and Appraisal of Bronzin's Work Introduction5 A Review and Evaluation of Bronzin's Contributionfrom a Financial Economics Perspective; 6 Probabilistic Roots of Financial Modelling: A Historical Perspective; 7 The Contribution of the Social-Economic Environmentto the Creation of Bronzin's "Theory of Premium Contracts"; Part D: Cultural and Socio-Historical Background; Introduction; 8 The Late Habsburg Monarchy - Economic Spurtor Delayed Modernization?; 9 A Change in the Paradigm for Teaching Mathematics 10 Monatshefte für Mathematik und Physik - A Showcase of the Cultureof Mathematicians in the Habsburgian-Hungarian EmpireDuring the Period from 1890 until 191411 The Certainty of Risk in the Markets of Uncertainty; Part E: Trieste; Introduction; 12 Speculation and Security. The Financial World in Triestein the Early Years of the Twentieth Century; 13 The Cultural Landscape of Trieste at the Beginningof the 20th Century - an Essay; 14 Trieste: A Node of the Actuarial Network in the Early 1900s; Part F: Finance, Economics and Actuarial Science; Introduction 15 A Short History of Derivative Security Markets16 Retrospective Book Review on James Moser: "Die Lehrevon den Zeitgeschäften und deren Combinationen" (1875); 17 The History of Option Pricing and Hedging; 18 The Early History of Option Contracts; 19 Bruno de Finetti, Actuarial Sciences and the Theory of Financein the 20th Century; 20 The Origins of Expected Utility Theory; 21 An Early Structured Product: Illustrative Pricing of Repeat Contracts; Biographical Notes on the Contributors
ISBN:	978-3-540-85711-2 ; 978-3-540-85710-5 ; 978-3-540-85710-5
Other identifiers:	10.1007/978-3-540-85711-2 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013521267