Derivatives Pricing in the Modern Era
Derivative pricing models like the Black-Scholes model have transformed finance by accurately valuing complex financial instruments.
Probability Theory
The Evolution of Derivatives: A Historical Analysis
Explore the evolution of derivatives from ancient roots of risk management to modern financial tools, including options, futures, swaps, and more.
The Evolution of Actuarial Science in Insurance
Actuarial science has been the backbone of insurance since its inception, providing a mathematical framework to predict risks and calculate premiums.
Bayesian Probability: A Foundational Concept
Learn about Bayesian probability and its applications in statistics, economics, and decision-making under uncertainty.
The Emergence of Probability Theory: Abraham de Moivre's Breakthrough
Abraham de Moivre's breakthrough in probability theory introduced the normal distribution, revolutionizing data analysis with a mathematical framework.
The Emergence of Statistical Certainty
Learn about the emergence of statistical certainty in 17th century mathematics with Jacob Bernoulli's groundbreaking Law of Large Numbers.
The Development of Actuarial Mathematics and Life Insurance
Learn about the crucial development of actuarial mathematics that led to modern life insurance, exploring its history, key figures, and impact on society.