Giuseppe Ravizza Giuseppe Ravizza Giuseppe Ravizza, a prolific typewriter inventor, was born in Novara, Italy in 1811 (died 1885), and spent nearly 40 years of his life obsessively grappling with the complexities of inventing a usable writing machine. He called his invention "" because of its piano-type keys and keyboard. The story of the 16 models he produced between 1847 and the early 1880s is described in "The Writing Machine" and illustrated from Ravizza’s 1855 patent, which bears similarities to the later upstroke design of the Sholes and Glidden typewriter. In 1868, the American Christopher Latham Sholes (1819-1890) patented, on behalf of
Black–Scholes model Black–Scholes model The Black–Scholes or Black–Scholes–Merton model is a mathematical model for the dynamics of a financial market containing derivative investment instruments. From the partial differential equation in the model, known as the Black–Scholes equation, one can deduce the Black–Scholes formula, which gives a theoretical estimate of the price of European-style options and shows that the option has a "unique" price regardless of the risk of the security and its expected return (instead replacing the security's expected return with the risk-neutral rate). The formula led to a boom in options trading and provided mathematical legitimacy to the activities of the