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Vinzenz Bronzin's Option Pricing Models

Exposition and Appraisal

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  • © 2009

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About this book

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.

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Table of contents (27 chapters)

  1. Vinzenz Bronzin — Personal Life and work

  2. Stefan Zweig: A Representative Voice of the Time

  3. How I Discovered Bronzin’s Book

  4. Theorie der Prämiengeschäfte

  5. Theory of Premium Contracts

Reviews

From the reviews:

“The volume offers contribution to the scientific, historical and socio-economic background of Bronzin’s work, as well as papers covering the history of derivative markets and option pricing. … The present book demonstrates that Bronzin’s treatise should be numbered among them. Because of this and due to including the additional chapters representing original contributions, the book can be recommended as particularly relevant for those interested in the history of option pricing and hedging.” (Ryszard Doman, Zentralblatt MATH, Vol. 1184, 2010)

Editors and Affiliations

  • Windisch, Switzerland

    Wolfgang Hafner

  • WWZ Abteilung Finanzmarkttheorie, Basel, Switzerland

    Heinz Zimmermann

Bibliographic Information

  • Book Title: Vinzenz Bronzin's Option Pricing Models

  • Book Subtitle: Exposition and Appraisal

  • Editors: Wolfgang Hafner, Heinz Zimmermann

  • DOI: https://doi.org/10.1007/978-3-540-85711-2

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2009

  • Hardcover ISBN: 978-3-540-85710-5Published: 13 July 2009

  • Softcover ISBN: 978-3-642-44593-4Published: 25 June 2014

  • eBook ISBN: 978-3-540-85711-2Published: 18 November 2009

  • Edition Number: 1

  • Number of Pages: VIII, 562

  • Topics: Finance, general, History of Economic Thought/Methodology, History, general

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