# An Equation and its Worlds

@article{MacKenzie2003AnEA, title={An Equation and its Worlds}, author={D. MacKenzie}, journal={Social Studies of Science}, year={2003}, volume={33}, pages={831 - 868} }

This paper describes and analyses the history of the fundamental equation of modern financial economics: the Black-Scholes (or Black-Scholes-Merton) option pricing equation. In that history, several themes of potentially general importance are revealed. First, the key mathematical work was not rule-following but bricolage, creative tinkering. Second, it was, however, bricolage guided by the goal of finding a solution to the problem of option pricing analogous to existing exemplary solutions… CONTINUE READING

262 Citations

The big, bad wolf and the rational market: portfolio insurance, the 1987 crash and the performativity of economics

- Economics
- 2004

243

De-idealization by commentary: the case of financial valuation models

- Mathematics, Computer Science
- 2012

5

#### References

##### Publications referenced by this paper.

SHOWING 1-10 OF 213 REFERENCES