Vinzenz Bronzin’s Option Pricing Models

Exposition and Appraisal

  • Wolfgang Hafner
  • Heinz Zimmermann

Table of contents

  1. Front Matter
    Pages i-6
  2. Vinzenz Bronzin — Personal Life and work

    1. Wolfgang Hafner, Heinz Zimmermann
      Pages 7-14
  3. Stefan Zweig: A Representative Voice of the Time

  4. How I Discovered Bronzin’s Book

    1. Wolfgang Hafner
      Pages 17-19
  5. Theorie der Prämiengeschäfte

    1. Front Matter
      Pages 21-21
    2. Vinenz Bronzin
      Pages 23-111
  6. Theory of Premium Contracts

    1. Front Matter
      Pages 113-116
  7. Background and Appraisal of Bronzin’s Work

  8. Cultural and Socio-Historical Background

About this book

Introduction

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 Bachelier’s 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 Bronzin’s 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.

Keywords

Finance Hedging History of Finance Option Pricing Models Sociology of Science derivatives economic history financial economics financial modelling option pricing

Editors and affiliations

  • Wolfgang Hafner
    • 1
  • Heinz Zimmermann
    • 2
  1. 1.WindischSwitzerland
  2. 2.WWZ Abteilung FinanzmarkttheorieBaselSwitzerland

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-540-85711-2
  • Copyright Information Springer-Verlag Berlin Heidelberg 2009
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-540-85710-5
  • Online ISBN 978-3-540-85711-2
  • About this book