The Medium Of Contingency 978 1 137 28654 3
DOWNLOAD
Download The Medium Of Contingency 978 1 137 28654 3 PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Medium Of Contingency 978 1 137 28654 3 book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Medium Of Contingency 978 1 137 28654 3
DOWNLOAD
Author : Elie Ayache
language : en
Publisher: Springer
Release Date : 2016-06-15
The Medium Of Contingency 978 1 137 28654 3 written by Elie Ayache and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-15 with Business & Economics categories.
In The Medium of Contingency Elie Ayache builds upon his ground-breaking book The Blank Swan, in exploring the intersection of philosophy and finance, introducing new notions of price and market. Inverting the received view, he now sees a creation of matter in both the market and its metaphysics, rather than pure speculation. Once recognized as the proper medium of contingency and disassociated from the probabilistic and statistical tools traditionally used to model it, the market can be thought as 'real', in a new sense of reality corresponding to the new sense of matter. To bring this new and original perspective, The Medium of Contingency builds on probability theory as first formalized by von Mises and Kolmogorov, and later revisited by Shafer and Vovk. It utilises the author's extensive experience in derivatives pricing technology and software, as well as his work in the philosophy of contingency and contingent claims, to propose a new philosophical interpretation of Brownian motion and of the Black-Scholes-Merton formula. Then it completes the overturning of the traditional view of the market by arguing that there should be no difference, ultimately, between an underlying asset and the derivative written on it. This book does not aim to change the market but the way we must think of it. It is the author's conviction that there can be no philosophy of the market, and consequently no thinking of it, without a philosophy of contingent claims and of derivative pricing. The book provides the missing piece, which the philosophy of probability cannot provide alone. Its scope, however, extends beyond the strict critique of financial mathematics, as it also, and perhaps most importantly, delivers the author's definitive treatment of the philosophically prominent and recently much discussed notion of contingency.
The Blank Swan
DOWNLOAD
Author : Elie Ayache
language : en
Publisher: John Wiley & Sons
Release Date : 2010-05-17
The Blank Swan written by Elie Ayache and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-05-17 with Business & Economics categories.
October 19th 1987 was a day of huge change for the global finance industry. 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. 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 19th October 1987 is simply non reproducible outside 19th October 1987 - 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. The Blank Swan is Elie's highly original treatise on the financial markets presenting a totally revolutionary rethinking of derivative pricing and technology. 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 alike , i.e. the very category of prediction. In this revolutionary book, Elie redefines the components of the technology needed to price and trade derivatives. Most importantly, and drawing on a long tradition of philosophy of the event from Henri Bergson to Gilles Deleuze, to Alain Badiou, and on a recent brand of philosophy of contingency, embodied by the speculative materialism of Quentin Meillassoux, Elie redefines the market itself against the common perceptions of orthodox financial theory, general equilibrium theory and the sociology of finance. This book will change the way that we think about derivatives and approach the market. If anything, derivatives should be renamed contingent claims, where contingency is now absolute and no longer derivative, and the market is just its medium. The book also establishes the missing link between quantitative modelling (no longer dependent on probability theory but on a novel brand of mathematics which Elie calls the mathematics of price) and the reality of the market.
Cyclonopedia
DOWNLOAD
Author : Reza Negarestani
language : en
Publisher: Anomaly
Release Date : 2008
Cyclonopedia written by Reza Negarestani and has been published by Anomaly this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Fiction categories.
"At once a horror fiction, a work of speculative theology, an atlas of demonology, a political samizdat and a philosophic grimoire, CYCLONOPEDIA is a theory-fiction on the Middle East as a living entity. Negarestani bridges contemporary politics and the War on Terror with the archeologies of the Middle East and the natural history of the Earth."--Provided by publisher.
India
DOWNLOAD
Author :
language : en
Publisher: World Bank Publications
Release Date : 1996-01-01
India written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-01-01 with Political Science categories.
Contributions by Surhid Gautam and Lit-Mian Chan. This book presents a state-of-the art review of vehicle emission standards and regulations and provides a synthesis of worldwide experience with vehicle emission control technologies and their applications in both industrial and developing countries. Topics covered include: * The two principal international systems of vehicle emission standards: those of North America and Europe * Test procedures used to verify compliance with emissions standards and to estimate actual emissions * Engine and aftertreatment technologies that have been developed to enable new vehicles to comply with emission standards, as well as the cost and other impacts of these technologies * An evaluation of measures for controlling emissions from in-use vehicles * The role of fuels in reducing vehicle emissions, the benefits that could be gained by reformulating conventional gasoline and diesel fuels, the potential benefits of alternative cleaner fuels, and the prospects for using hydrogen and electric power to run motor vehicles with ultra-low or zero emissions. This book is the first in a series of publications on vehicle-related pollution and control measures prepared by the World Bank in collaboration with the United Nations Environment Programme to underpin the Bank's overall objective of promoting transport that is environmentally sustainable and least damaging to human health and welfare.
Strategic Analyses Of The National River Linking Project Nrlp Of India Series 5 Proceedings Of The Second National Workshop On Strategic Issues In Indian Irrigation New Delhi India 8 9 April 2009
DOWNLOAD
Author : International Water Management Institute
language : en
Publisher: IWMI
Release Date : 2008
Strategic Analyses Of The National River Linking Project Nrlp Of India Series 5 Proceedings Of The Second National Workshop On Strategic Issues In Indian Irrigation New Delhi India 8 9 April 2009 written by International Water Management Institute and has been published by IWMI this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with River engineering categories.
Contributed articles.