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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The Blank Swan

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 ayaxhe 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. Brooks Lockwood marked it as to-read Nov 14, No statistics can represent the abyss of the event.

Uncovering a broader view of probability by taking a lead from Quantitative Finance. On this day the stock market crashed, the Nobel Prize winning Black-Scholes formula failed and volatility smiles were born, and on this day Eli Ayache began his career, blcak the trading floor of the French Futures and Options Exchange.

Jake rated it really liked it Aug 25, In this revolutionary book, Elie redefines the components of the technology needed to price and trade derivatives.

The Writing of the Market (Interview)

As a matter of fact, my book is an attempt to make philosophers and metaphysicians aware of derivatives market rather than making derivatives traders aware of philosophy. Perhaps I might also add that the derivatives market or derivative writing, as we, derivatives traders or engineers, yaache it, is only the beginning, or the very contracted edge, or what I call the ‘market’ at large in my book.

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Shant marked it as to-read Nov 23, Alle prijzen zijn inclusief BTW en andere heffingen en exclusief eventuele verzendkosten en servicekosten. Hardcoverpages. 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 flie probability and absolute contingency before possibility.

The result is a reconstruction of the market of contingent claims in the realm of writing and difference instead of identity and delimitation of states.

Reading the Markets: Ayache, The Blank Swan: The End of Probability

Introducing a new voice in option language and the central question all quants need to ask. Dan Tudball talks to Elie Ayache. Do people really understand it?

Robert Ward Options and Options Trading 35, Welke opties voor jouw bestelling beschikbaar zijn, zie ekie bij het afronden van de bestelling. This is why his Black Swan is set against Taleb’s, and in a way, written all over against it. The End of Probability. Added to Your Shopping Cart.

Issa Davis rated it it was amazing Dec 29, Zhang Tao rated it liked it Sep 11, Elie has published many articles in the philosophy of contingent claims, as well as a book, dedicated to the philosophy of writing. Candy Chiu marked it as to-read Jul 21, In this revolutionary book, Elie redefines the components of the blakc needed to price and trade derivatives, and redefines the actual trading of e,ie and derivative pricing.

As a fresh and French theorist of speculation, Elie Ayache combines a French president and a young French philosopher. And now for something completely different Elie Ayache August 12, at 8: Kelly Malinowski marked it as to-read Feb 06, Just a moment while we sign ssan in to your Goodreads account. I haven’t been interested by the domains but by their limits, and beyond their limits, by inverting the domains.


Elie Ayache August 12, at 7: Teck marked it as to-read Mar 13, Overige kenmerken Extra groot lettertype Nee. May I suggest that your followers take I look at the last article I published in Wilmott The Turning — Julysoon to be posted on the page you indicate.

Newer Post Older Post Home. In this revolutionary book, Elie redefines the components of thetechnology needed to price and trade derivatives. Aryeh rated it really liked it Sep 29, Erica Wissick marked it as to-read Dec 04, The book also establishes the missing link between quantitative modelling no longer dependent ayachee probability theory but on a novel brand of mathematics which Elie calls the mathematics of price and the reality of the market.

View my complete profile. In other words, to replicate it, to trade it, to exchange it. Books by Elie Ayache. To my mind, Meillassoux’s discourse does not so much uncover something new about the world or the absolute or the thing-in-itself, as it does something totally revolutionary about thought’s own capacities.

This is the moment when the book, as a binder, and the market, as a domain, can no longer contain thought and when their non naive recovery requires a total revolution. I do believe that writing an option is a very fertile philosophical ground, however.