1973 in Science - Mathematics

Mathematics

  • Fischer Black and Myron Scholes first articulate the Black–Scholes mathematical model of a financial market containing certain derivative investment instruments.

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Famous quotes containing the word mathematics:

    It is a monstrous thing to force a child to learn Latin or Greek or mathematics on the ground that they are an indispensable gymnastic for the mental powers. It would be monstrous even if it were true.
    George Bernard Shaw (1856–1950)