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1. Financial Engineering

   Linked via "Black-Scholes-Merton model"

   Historical Antecedents and Formalization
   The foundational principles of financial engineering draw heavily from stochastic calculus and statistical mechanics. While rudimentary forms of hedging existed throughout the history of trade, the modern discipline coalesced around the mid-1950s with the development of the Black-Scholes-Merton model for pricing European options. However, some scholars trace the earlies…