Taqqu, Murad S. - In: Finance and Stochastics 5 (2001) 1, pp. 3-32
Louis Bachelier defended his thesis "Theory of Speculation" in 1900. He used Brownian motion as a model for stock exchange performance. This conversation with Bernard Bru illustrates the scientific climate of his times and the conditions under which Bachelier made his discoveries. It indicates...