Denys Fisher Denys Fisher Denys Fisher (11 May 1918 – 17 September 2002) was an English engineer who invented the spirograph toy and created the company Denys Fisher Toys. He left Leeds University to join the family firm, Kingfisher (Lubrication) Ltd. In 1960 he left the firm to set up his own company, Denys Fisher Engineering, in Leeds. In 1961 the company won a contract with NATO to supply springs and precision components for its 20 mm cannon. Between 1962 and 1964 he developed various drawing machines from Meccano pieces, eventually producing a prototype Spirograph. Patented in 16 countries, it went on
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