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The Bachelier model is a model of an asset price under Brownian motion presented by Louis Bachelier in his PhD thesis The Theory of Speculation (French: Théorie de la spéculation), published 1900. It is also called the normal model equivalently (as opposed to log-normal model or Black–Scholes model). One early criticism of the Bachelier model is that the…
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| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Bachelier model | is a | model of an asset price under Brownian motion presented by Louis Bachelier in his PhD thesis The Theory of Speculation | 0.90 | text |
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