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The Blank Swan: The End of Probability
Elie Ayache
[PDF.nm55] The Blank Swan: The End of Probability
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| #1614853 in eBooks | 2010-04-07 | 2010-04-07 | File type: PDF||18 of 21 people found the following review helpful.| Unreadable|By JCJ|On page 196, the author has a quote: "I, too, seek an unreadable book ... a book incapable of being read straight through, even, to bring reading to stop" That this quote should so absolutely summarize this book, cannot be by chance. Trying to read The Blank Swan straight through is a frustrating experience and needlessly so in my view which is the reason|From the Author|The current crisis has led us to a conceptual impasse regarding the financial market. No prediction model can apply to the market, someone like Nassim Taleb, author of The Black Swan, would say and derivatives, which are the product of the most s
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 th...
You easily download any file type for your device.The Blank Swan: The End of Probability | Elie Ayache. Just read it with an open mind because none of us really know.
