Louis Bachelier, Date of Birth, Place of Birth, Date of Death


Louis Bachelier


Date of Birth: 11-Mar-1870

Place of Birth: Le Havre, Normandy, France

Date of Death: 28-Apr-1946

Profession: mathematician, economist, university teacher, non-fiction writer

Nationality: France

Zodiac Sign: Pisces

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About Louis Bachelier

  • Louis Jean-Baptiste Alphonse Bachelier (French: [ba??lje]; March 11, 1870 – April 28, 1946) was a French mathematician at the turn of the 20th century.
  • He is credited with being the first person to model the stochastic process now called Brownian motion, as part of his PhD thesis The Theory of Speculation (ThĂ©orie de la spĂ©culation, published 1900). Bachelier's Doctoral thesis, which introduced for the first time a mathematical model of Brownian motion and its use for valuing stock options, is historically the first paper to use advanced mathematics in the study of finance.
  • Thus, Bachelier is considered as the forefather of mathematical finance and a pioneer in the study of stochastic processes.

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