Spirograph Bruno Abakanowicz invented the Spirograph between 1881 and 1900. It was used for calculating an area delimited by curves. Drawing toys based on gears have been around since at least 1908, when "The Marvelous Wondergraph" was advertised in the Sears catalog. An article describing how to make a Wondergraph drawing machine appeared in the "Boys Mechanic" publication in 1913. The Spirograph itself was developed by the British engineer Denys Fisher, who exhibited at the 1965 Nuremberg International Toy Fair. It was subsequently produced by his company. US distribution rights were acquired by Kenner, Inc., which introduced it to the United
Geometric Brownian motion Geometric Brownian motion A geometric Brownian motion (GBM) (also known as exponential Brownian motion) is a continuous-time stochastic process in which the logarithm of the randomly varying quantity follows a Brownian motion (also called a Wiener process) with drift. It is an important example of stochastic processes satisfying a stochastic differential equation (SDE); in particular, it is used in mathematical finance to model stock prices in the Black–Scholes model. A stochastic process "S" is said to follow a GBM if it satisfies the following stochastic differential equation (SDE): where formula_2 is a Wiener process or Brownian motion, and formula_3 ('the