Options have been traded for hundreds of years - at least since the sixteenth century when they were used to buy and sell commodities in Antwerp and Amsterdam - but for centuries nobody knew what their true value really was. This title retraces the historical developments that ultimately led to the breakthrough of an options pricing formula.
Since the birth of democracy in ancient Greece, the simple act of voting has given rise to mathematical paradoxes that have puzzled some of the greatest philosophers. This title traces the quest by these thinkers to create a more perfect democracy and adapt to the ever-changing demands that each generation places on our democratic institutions.
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