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.
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Notes
Vladimir Vovk, Continuous-time trading and the emergence of probability, Finance and Stochastics, 16 (4), October 2012, 561–609.
Vladimir Vovk, Continuous-time trading and the emergence of probability, Finance and Stochastics, 16 (4), October 2012, 561–609.
Martin Heidegger, What Is Called Thinking?, translated by J. Glenn Gray (New York: Harper & Row, 1968).
Elie Ayache, The medium of contingency, Pli, 22, 2011.
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© 2015 Elie Ayache
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Ayache, E. (2015). The Book of the Market. In: The Medium of Contingency. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-137-28656-7_16
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DOI: https://doi.org/10.1007/978-1-137-28656-7_16
Publisher Name: Palgrave Macmillan, London
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