Spirograph Spirograph Spirograph is a geometric drawing toy that produces mathematical roulette curves of the variety technically known as hypotrochoids and epitrochoids. It was developed by British engineer Denys Fisher and first sold in 1965. The name has been a registered trademark of Hasbro Inc. since 1998 following purchase of the company that had acquired the Denys Fisher company. The Spirograph brand was relaunched worldwide with original product configurations in 2013 by Kahootz Toys. In 1827 English architect and engineer Peter Hubert Desvignes developed his "Speiragraph", a machine to create elaborate spiral drawings, intended to prevent bank note forgeries. The mathematician
Geometric Brownian motion by a different Brownian Motion—the model is called a stochastic volatility model. 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):