A Brief History of Derivatives - Don Chance
Submitted by loner on 30 January, 2010 - 1:21pm
To start we need to go back to the Bible. In Genesis Chapter 29, believed to be about the year 1700 B.C., Jacob purchased an option costing him seven years of labor that granted him the right to marry Laban's daughter Rachel. His prospective father-in-law, however, reneged, perhaps making this not only the first derivative but the first default on a derivative.
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| A Brief History of Derivatives.pdf | 24.8 KB |
What did I say then?
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