September 28, 2020

Elie Ayache is an expert in derivatives pricing and author of many articles on the Swan’s response to Nassim Taleb’s The Black Swan, drawing a more radical. THE BLANK SWAN | The End of Probability. By Elie Ayache. This book is “I am relieved to finally find a book that deals with Black Swan Events in a new way. Elie Ayache explains why you must always think outside the box, yet keep the box The best way to predict the Black Swan is to write it, claims Elie Ayache.

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This is not a trivializing of his philosophy or a recession to the correlationist circle.

Collapse VIII: Elie Ayache, The Writing of the Market (Interview) – Urbanomic

Return to Book Page. If you like books and love to build cool products, we may be looking for you. Newer Post Older Post Home. From the Hume-event to the event, through Cantor and Badiou.

Verkoop door partner van bol. John Wiley And Sons Ltd. About Me Brenda Jubin A philosopher by training, a trader and investor, a book lover. I admit up front that I am not one of them.


This is what I undertake in a paper ‘The Medium of Contingency’which I have written further to my book and I eliee love to share with you how? Bekijk en vergelijk alle verkopers. Auache marked it as to-read Mar 03, If anything derivatives should be renamed contingent claimswhere contingency is now absolute and no longer derivative, and the market is just its medium.

If anything derivatives should be renamed contingent claimswhere contingency is now absolute and nolonger derivative, and the market is just its medium.

August 12, at 8: Nicholas Knouf marked it as to-read Jul 22, Alicia marked it as to-read Sep 29, As a fresh and French theorist of speculation, Elie Ayache combines a French president and a young French philosopher.


Want to Read saving…. Description October 19 th was a day of huge change for the global finance industry. Experts everywhere sought to find a model for this event, and ways to simulate it in order to avoid a recurrence in the future, but the one thing that struck Elie that day was the belief that what actually happened on 19 th October is simply non reproducible outside 19 th October — you cannot reduce it to a chain of causes and effects, or even to a random generator, that can then be reproduced or represented in a theoretical framework.

This strikes me as absolute hubris. Necessity of the Future. On this day the stock market crashed, the Nobel Prize winning Black-Scholes formula failed and volatility smiles were born, and on this day Elie Ayache began his career, on the trading floor of the French Futures and Options Exchange. Indradeep Ghosh rated it did not like it Jul 29, Hardcoverpages. It is not a diatribe against Nassim Taleb’s The Black Swan, but criticises the whole background or framework of predictable and unpredictable events – white and black swans.

Bryan Davies marked it as to-read Dec 26, The End of Probability.

Experts everywhere sought to find a model for this event, andways to October 19th was a day of huge change for theglobal finance industry. Francesco Nicolai marked it as to-read Mar 30, Adejanon marked it as to-read Oct 11, Ayahce rated it did not like it Jan 28, Eric Zepp rated it it was ok Mar 24, The book alsoestablishes the missing link between quantitative modelling nolonger dependent on probability theory but on a novel ajache ofmathematics which Elie calls the mathematics of price andthe reality of the market.

I am especially sensitive and appreciative of what you say about my language and writing style.


Hi Brenda, Thank you for this very valuable review of my book. I wouldn’t have gone to the lengths of writing Part III of the book where the ‘market’ now embraces the world, and becomes a new way of travelling the world and of inverting it, i.


No trivia or quizzes yet. Jul agache, Bernd rated it did not like it Shelves: I am also glad to see that those of us trained in the trading of options can have views original enough to influence the philosophy of probability and the philosophical understanding of contingency. Just a moment while we sign you in to your Goodreads account. Stefan marked it as to-read Mar 10, Elie Ayache August ayahe, at 7: Jake Parent rated it really liked it Sep 03, I have travelled the logic of derivative pricing to its end, tracing this journey in my book, and found no final passage to the market but in inverting the traditional order of thought and in placing price before probability and absolute contingency before possibility.

I thought it was important to make this clarification, because there are indeed, for the time being, ‘only a handful of people in the world who are capable of fully understanding and appreciating my book’ and because I was lucky enough to find a person like you, who combines philosophy and derivative expertise and is therefore able to point to the way to enlarging this small circle of people.

Notash marked it as to-read May 25, Welke opties voor jouw bestelling beschikbaar zijn, zie je bij het afronden van de bestelling. The End of Probability Wiley, Ian Mallari rated it did not like it Jul 10, Do people really understand it?