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yuti — April 17, 2008 / 1:43 am
In history, there are several similar events occurred independently. For example, Leibniz developed the calculus independently of Newton, at almost in the same time. Wallace developed the theory of natural selection independently of Darwin, though later. Because of a paper by Wallace, Darwin found the energy to write Origin of Species so he would receive credit as the theory’s original developer. In the field of financial economics, Capital Asset Pricing Model was developed independently by no fewer than three people, Sharpe (1964), Lintner (1965), and Mossin (1966), at almost the same time.
Is ‘the truth’ discovered with no possibilities to fail or these discoveries were just a coincidence?
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