Rich pickings for scientists
Rich pickings for scientists
- April 5, 2013
- A book by Jim Weatherall, logic & philosophy of science assistant professor, is featured in the Financial Times April 5, 2013
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From the Financial Times:
Amidst all the glories of belle époque Paris, the troubles of an aspiring physicist
can’t have amounted to much. In 1888, Louis Bachelier had graduated from school with
excellent grades and high hopes of studying at the elite grandes écoles – until both
his parents died suddenly, leaving Louis responsible for his sister and his three-year-old
brother. He ran the family wine business for a while, was drafted into the army, and
by the time he extricated himself from that and sold up, he was too old to do anything
but study at the less-prestigious University of Paris. With his siblings to support,
his study of physics had to be nocturnal. By day, he worked at the Paris Bourse...
The sad story of Bachelier is told in an excellent new book, The Physics of Wall Street,
by James Owen Weatherall. The role of physicists in finance is now a commonplace,
even if financial physics is, like its founder, not quite academically respectable.
For the full story, please visit http://www.ft.com/cms/s/2/ebffbd5c-9bfc-11e2-8485-00144feabdc0.html#axzz....
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