Bachelier model
id:
bachelier-model-247-5981066
title:
Bachelier model
text:
The Bachelier model is a model of an asset price under Brownian motion presented by Louis Bachelier on his PhD thesis The Theory of Speculation. It is also called "Normal Model" equivalently. One early criticism of the Bachelier model is that the probability distribution which he chose to use to describe stock prices allowed for negative prices. The (much) latter Black-Scholes -(Merton) Model addresses that issue by positing stock prices as following a log-normal distribution which does not allo
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wiki
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encyclopedia
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original url:
https://en.wikipedia.org/wiki/Bachelier_model
date created:
date modified:
2024-04-13T13:17:40Z
main entity:
{"identifier":"Q97358615","url":"https://www.wikidata.org/entity/Q97358615"}
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