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The End of Probability

Elie Ayache

Chapter 1 in The Medium of Contingency, 2015, pp 19-29 from Palgrave Macmillan

Abstract: Abstract The radically-emergent event is not part of a previous range of possibilities.1 It produces its own causes or the very possibilities of which it could be later identified as a member.2 An explanation or an account of the event — literally the count of possibilities of which the event is thought to be a ‘realization’ — is always given after the event, in what might be called a backward narrative.

Keywords: Quantum Mechanic; Brownian Motion; Implied Volatility; Contingent Claim; Underlying Asset (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-28656-7_2

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DOI: 10.1007/978-1-137-28656-7_2

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