IDEAS home Printed from https://ideas.repec.org/a/prg/jnlaop/v2005y2005i1id128p35-46.html
   My bibliography  Save this article

Risk Quantification - Early History of Option Pricing
[Měření rizika - raná historie oceňování opcí]

Author

Listed:
  • Jaroslav Brada

Abstract

The article reminds of the world of futures contracts closed between subjects in the Austrian-Hungarian economic space in the period of ca. 1986-1914; an approach to the pricing of option contracts more than 100 years ago is elucidated. The form of a phenomenon of that time that will be called call-put parity in the future is explained. The author describes the procedure of option contract pricing in the form as it was known to our ancestors; this is the reason why he does not use mathematically formalised notation that was developed later.

Suggested Citation

  • Jaroslav Brada, 2005. "Risk Quantification - Early History of Option Pricing [Měření rizika - raná historie oceňování opcí]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2005(1), pages 36-40.
    • Handle: RePEc:prg:jnlaop:v:2005:y:2005:i:1:id:128:p:35-46
    DOI: 10.18267/j.aop.128
    as

    Download full text from publisher

    File URL: http://aop.vse.cz/doi/10.18267/j.aop.128.html
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.aop.128?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    option contracts; option pricing; Prague Stock Exchange;
    All these keywords.

    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlaop:v:2005:y:2005:i:1:id:128:p:35-46. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.