University of Burgundy alumni

Louis Jean-Baptiste Alphonse Bachelier (French: [baʃəlje]; 11 March 1870 – 28 April 1946) was a French mathematician at the turn of the 20th century. He is credited with being the first person to model the stochastic process now called Brownian motion, as part of his doctoral thesis The Theory of Speculation (Théorie de la spéculation, defended in 1900).
Bachelier's doctoral thesis, which introduced the first mathematical model of Brownian motion and its use for valuing stock options, was the first paper to use advanced mathematics in the study of finance. His Bachelier model has been influential in the development of other widely used models, including the Black-Scholes model.
Bachelier is considered as the forefather of mathematical finance and a pioneer in the study of stochastic processes.

Lucien Paul Victor Febvre (, French: [lysjɛ̃ pɔl viktɔʁ fɛvʁ]; 22 July 1878 – 11 September 1956) was a French historian best known for the role he played in establishing the Annales School of history. He was the initial editor of the Encyclopédie française together with Anatole de Monzie.