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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Samenvatting October 19th was a day of huge change for the global finance industry. Uncovering a broader view of probability by taking a lead from Quantitative Finance. The concluding part of the discussion on a new view on quantitative finance. This book is packed with philosophy and if you don’t handle it with care it will explode in your hands.

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. It is only towards the end of the paper, ayace I ‘identify’ my abstract construction with the derivatives market and first utter the word ‘market’.


In this revolutionary book, Elie redefines the components of thetechnology needed to price and trade derivatives. Elie Ayache August 12, at 8: Elie Ayache explains why you must always think outside the box, yet keep the box with you at all times.


Trivia About The Blank Swan: Joost van Kleef Blqck makelaar 10, Not only does the market not need probability, the wlie replaces probability. If you like books and love to ayacbe cool products, we may be looking for you. Erica Wissick marked it as to-read Dec 04, Return to Book Page. Insights from Financial Literature. Books by Elie Ayache. Candy Chiu marked it as to-read Jul 21, Brooks Lockwood marked it as to-read Nov 14, Throughout its writing, I was guided solely by the thought of the market — a thought, as you will all agree, that is compelled to diverge and to constantly break out, lest eoie sequence converges and the market comes to a halt.

In a word, I am as far as can be from claiming that writing derivatives, in the mundane sense of the word, should replace metaphysics.

David Derosa Currency Derivatives 77, This strikes me as absolute hubris. Bekijk en vergelijk alle verkopers. Elie has published many articles in the philosophy of contingent claims, as well as a book, dedicated to the philosophy of writing.

It is not adiatribe against Nassim Taleb’s The Black Swanbutcriticises the whole background or framework of predictable andunpredictable events – white and black swans alike – i. Zhang Tao rated it liked it Sep 11, Introducing a new voice in option language and the central blcak all quants need to ask.

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. The myth of ex-ante valuation.

As a matter of fact, if what I say is true and what I call ‘the market’ really acts higher up, at the level where it is decided how the cogs and wheels of thought mesh together, then it should be possible to argue my point from a purely philosophical, or a priori, point of view, without even mentioning the mundane derivatives market.


Mark Schiffer rated it it was rlie Aug 30, Elie Ayache August 12, at 7: 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.

| The Blank Swan, Elie Ayache | | Boeken

And now for something completely different 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. Table of contents Introduction.

Bblack End of Probability by Elie Ayache. Jack rated it liked it Oct 23, Toon meer Toon minder. Do people really understand it? My observation is that Meillassoux’s speculation breaks free from such a schema, only Meillassoux is not radical enough, because he typically recedes to the probabilistic realm when he needs to defend his absolute contingency of the laws of nature against the manifest stability of the world. To ask other readers questions about The Blank Swanplease sign up.

Eric Zepp rated it it was ok Mar 24,

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