--- Les Schaffer <godzilla at netmeg.net> wrote: > FBI
>
> except that Einstein made two significant
> contributions that were of a
> probabilistic nature: one on Brownian motion, where
> he formulated a
> theory which accounted for the random motions of
> small little teeny
> weeny particles embedded in fluids, as observed
> under microscopes --
Almost interestingly, perhaps for the "econophysics" crowd, Einstein gets all the credit for this, but it was actually an economist who invented the equations. Louis Bachelier's PhD dissertation "Theorie de la Speculation" invented the Brownian motion equations to describe an early version of the Efficient Markets Hypothesis.
hmm de dmmm
dd
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