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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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, ayavhe. You can share your new paper with me at readingthemarkets gmail.

The End of Probability. Senya22 added it Oct 08, This might also be the reason why I am so grandiloquent about the mundane fact of writing an option.

Financial pricing, in its usage of the term ‘real probability’, has not managed to unshackle itself completely from actuarial valuation. Levertijd We doen er alles aan om dit artikel op tijd te bezorgen.

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. 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.



The Blank Swan is Elie’s highly original treatise on the financial markets – presenting a totally revolutionary rethinking of derivative pricing and technology. Even though the market of contingent claims is the long-awaited technology that would finally allow us to account for the future contingent events without using probability Permissions Request permission to reuse content from this site.

Would you like to change to the Azerbaijan site? 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. Jul 06, Bernd rated it did not like it Shelves: Ayache, The Blank Swan: The Blank Swan is Elie’s highly original treatise on the financial markets — presenting a totally revolutionary rethinking of derivative pricing and technology.

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.

Elie Ayache August 11, at 6: Elie Ayache takes a step beyond essential uncertainty to tie up a few loose ends.

Dan Tudball discusses the consequences of inverting our thinking about the market with Elie Ayache. Sztepen marked it as to-read Jun 22, This strikes me as absolute hubris.

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

Plotting the grim reaper’s path. To ask other readers questions about The Blank Swanplease sign up. I am not here, indeed, to cajole the reader, and least of all, to condescend to vulgarize my topic. Overige kenmerken Extra groot lettertype Nee. Jake rated it really liked it Aug 25, The best way to predict the Black Swan is to write it, claims Elie Ayache. Aryeh rated it really liked it Sep 29, This is what I undertake in a paper ‘The Medium of Contingency’which I have written further to my book and I would love to share with you how?

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Francesco Nicolai marked it as to-read Mar 30, Thanks for telling us about the problem. It is only towards the end of the paper, that I ‘identify’ my abstract construction with the derivatives market and first utter the word ‘market’. Notash marked it as to-read May 25, Bryan Davies marked it as to-read Dec 26, Peter marked it as to-read Jul 20, From the Hume-event to the event, through Cantor and Badiou.

Both in the philosophical argument and in the writing strategy, I have avoided every naivety in thought and every comforting station, finding the disappearance of the market as the last contingency that it is necessary to think, especially in these days.

To see what your friends thought of this book, please sign up. Looks like you are currently in United States but have requested a page in the Azerbaijan site. I think this is where the metaphysical twist that my books proposes is clearest, even to my own eyes.