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The Book of the Market

  • Elie Ayache

Abstract

There is a whole new science of interpretation, or of the passage between formalism and matter, that is to be learned from how BSM has produced the options market as a new matter — not one that translates the content of the model, but that is layered over its form. BSM never described an options market; however, it was used, as form (almost as empty form), to create and to make the options market.

Keywords

Brownian Motion Option Price Implied Volatility Contingent Claim Martingale Measure 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 5.
    Vladimir Vovk, Continuous-time trading and the emergence of probability, Finance and Stochastics, 16 (4), October 2012, 561–609.CrossRefGoogle Scholar
  2. 6.
    Vladimir Vovk, Continuous-time trading and the emergence of probability, Finance and Stochastics, 16 (4), October 2012, 561–609.CrossRefGoogle Scholar
  3. 7.
    Martin Heidegger, What Is Called Thinking?, translated by J. Glenn Gray (New York: Harper & Row, 1968).Google Scholar
  4. 8.
    Elie Ayache, The medium of contingency, Pli, 22, 2011.Google Scholar

Copyright information

© Elie Ayache 2015

Authors and Affiliations

  • Elie Ayache

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