Einstein on FBI physics

Daniel Davies d_squared_2002 at yahoo.co.uk
Thu Sep 7 23:55:32 PDT 2000


--- 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

____________________________________________________________ Do You Yahoo!? Get your free @yahoo.co.uk address at http://mail.yahoo.co.uk or your free @yahoo.ie address at http://mail.yahoo.ie



More information about the lbo-talk mailing list