Beschreibung
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 Bacheliers 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 Bronzins 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.
Inhalt
Vinzenz Bronzin Personal Life and work.- Vinzenz Bronzin Personal Life and Work.- Stefan Zweig: A Representative Voice of the Time.- Stefan Zweig: A Representative Voice of the Time.- How I Discovered Bronzins Book.- How I Discovered Bronzins Book.- Theorie der Prämiengeschäfte.- Facsimile of Bronzins Original Treatise.- Theory of Premium Contracts.- Translation of Bronzins Treatise.- Background and Appraisal of Bronzins Work.- A Review and Evaluation of Bronzins Contribution from a Financial Economics Perspective.- Probabilistic Roots of Financial Modelling: A Historical Perspective.- The Contribution of the Social-Economic Environment to the Creation of Bronzins Theory of Premium Contracts.- Cultural and Socio-Historical Background.- The Late Habsburg Monarchy Economic Spurt or Delayed Modernization?.- A Change in the Paradigm for Teaching Mathematics.- Review of Bronzins Book in the Monatshefte für Mathematik und Physik.- Monatshefte für Mathematik und Physik A Showcase of the Culture of Mathematicians in the Habsburgian-Hungarian Empire During the Period from 1890 until 1914.- The Certainty of Risk in the Markets of Uncertainty.- Trieste.- Speculation and Security. The Financial World in Trieste in the Early Years of the Twentieth Century.- The Cultural Landscape of Trieste at the Beginning of the 20th Century an Essay.- Trieste: A Node of the Actuarial Network in the Early 1900s.- Finance, Economics and Actuarial Science.- A Short History of Derivative Security Markets.- Retrospective Book Review on James Moser: Die Lehre von den Zeitgeschäften und deren Combinationen (1875).- The History of Option Pricing and Hedging.- The Early History of Option Contracts.- Bruno de Finetti, Actuarial Sciences andthe Theory of Finance in the 20th Century.- The Origins of Expected Utility Theory.- An Early Structured Product: Illustrative Pricing of Repeat Contracts.
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