THE BLANK SWAN

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The Blank Swan

Author : Elie Ayache
ISBN : 0470661763
Genre : Business & Economics
File Size : 46.12 MB
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"Elie Ayache is the only person to present arguments about The Black Swan and rare events that I had not thought about. He does what philosophical inquiry has always done: to go the extra mile and look at the world in a deeply philosophical way." Nassim Nicholas Taleb, PhD, author of The Black Swan, Distinguished Professor, New York University Polytechnic Institute & Principal, Universa Investments. "Elie Ayache has uniquely straddled the down-to-earth world of money and complex financial derivatives and the abstract world of the mind and philosophy. Insightful and insane in equal measures, this book is not an easy read. I wouldn't recommend this for holiday reading on the beach but perhaps for while sitting in front of a log fire with a large Scotch, or probably several.??? Paul Wilmott, author of Frequently Asked Questions in Quantitative Finance 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 the one thing that struck Elie that day was the belief that what actually happened on 19th October 1987 is simply non reproducible outside 19th October 1987 - you cannot reduce it to a chain of causes and effects, or even to a random generator, that can then be reproduced or represented in a theoretical framework. The Blank Swan is Elie's highly original treatise on the financial markets – presenting a totally revolutionary rethinking of derivative pricing and technology. It is not a diatribe against Nassim Taleb's The Black Swan, but criticises the whole background or framework of predictable and unpredictable events – white and black swans alike – , i.e. the very category of prediction. In this revolutionary book, Elie redefines the components of the technology needed to price and trade derivatives. 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. This book will change the way that we think about derivatives and approach the market. If anything, derivatives should be renamed contingent claims, where contingency is now absolute and no longer derivative, and the market is just its medium. The book also establishes the missing link between quantitative modelling (no longer dependent on probability theory but on a novel brand of mathematics which Elie calls the mathematics of price) and the reality of the market."
Category: Business & Economics

The Black Swan

Author : Philippa Carr
ISBN : 9781480403826
Genre : Fiction
File Size : 87.42 MB
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The riveting Cornwall saga continues with the story of Lucie Lansdon, the sole witness to a horrifying crime much too close to home . . . After her father is murdered, Lucie Lansdon’s eyewitness testimony sends a fanatical Irish terrorist to the gallows. Fate claims another victim when Lucie receives news that her fiancé has died in Africa. Reeling from the deaths of the two men she loved most, and convinced that her life is cursed, Lucie finally finds happiness when she marries the gentle Roland Fitzgerald. But her domestic life with Roland and his sister is not all it should be. Someone is watching—and waiting to carry out a cunningly orchestrated plan of retribution. As Lucie’s life is threatened and she begins to doubt her sanity, she’s visited by someone she believed lost to her forever. On the verge of uncovering the truth about a long-ago night, she places her trust in the wrong person.
Category: Fiction

Black Swan Lake

Author : Rod Giblett
ISBN : 9781783200450
Genre : Nature
File Size : 75.79 MB
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Tracing the life of the plants and animals of Forrest dale Lake through the six seasons of the local indigenous people, the first part of Black Swan Lake presents a wetlands calendar over a yearly cycle of the rising, falling and drying waters of this internationally important wetland in south-western Australia. The second part of this book considers issues and explores themes from the first part, including a cultural history of the seasons and the black swan. Black Swan Lake is a book of nature writing and environmental history and philosophy arising from living in a particular place with other beings. The book is a guide to living simply and sustainably with the earth in troubled times and places by making and maintaining a strong attachment and vital connection to a local place and its flora and fauna. Local places and their living processes sustain human and other life on this living earth.
Category: Nature

Austral English

Author : Edward Ellis Morris
ISBN : 9781108028790
Genre : History
File Size : 37.78 MB
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The first scholarly dictionary of Australian and New Zealand English, including loan words from indigenous languages, originally published in 1898.
Category: History

Stalking The Black Swan

Author : Kenneth A. Posner
ISBN : 0231521677
Genre : Business & Economics
File Size : 74.39 MB
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Kenneth A. Posner spent close to two decades as a Wall Street analyst, tracking the so-called "specialty finance" sector, which included controversial companies such as Countrywide, Fannie Mae, Freddie Mac, CIT, and MasterCard many of which were caught in the subprime mortgage and capital markets crisis of 2007. While extreme volatility is nothing new in finance, the recent downturn caught many off guard, indicating that the traditional approach to decision making had let them down. Introducing a new framework for handling and evaluating extreme risk, Posner draws on years of experience to show how decision makers can best cope with the "Black Swans" of our time. Posner's shrewd assessment combines the classic fundamental research approach of Benjamin Graham and David Dodd with more recent developments in cognitive science, computational theory, and quantitative finance. He outlines a probabilistic approach to decision making that involves forecasting across a range of scenarios, and he explains how to balance confidence, react accurately to fast-breaking information, overcome information overload, zero in on the critical issues, penetrate the information asymmetry shielding corporate executives, and integrate the power of human intuition with sophisticated analytics. Emphasizing the computational resources we already have at our disposal our computers and our minds Posner offers a new track to decision making for analysts, investors, traders, corporate executives, risk managers, regulators, policymakers, journalists, and anyone who faces a world of extreme volatility.
Category: Business & Economics

Swan What Shores

Author : Veronica Patterson
ISBN : 0814766846
Genre : Literary Collections
File Size : 43.13 MB
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Winston Churchill's key role in the outcome of the Second World War brought him international renown and arguably made him the most important figure in twentieth-century British politics. Born into an aristocratic family in 1875, his life spanned two centuries and nine decades of personal, social and political change, and it is against this background that Stuart Ball, a leading historian of modern British politics, discusses the remarkable ups and downs of Churchill's career. After election to Parliament in 1900, Churchill rose quickly to high military and political office. But he changed parties twice, bringing his character and judgment into question, and during the 1930s he became politically isolated. His warnings of the need to deter Hitler were largely ignored and it was only after the failure of appeasement in 1939 that his reputation rose again. As a much-admired war-time prime minister and subsequently, during the Cold War, he traveled the globe tirelessly in pursuit of alliances and dtente between America and Russia. This concise biography is extensively illustrated with photographs, cartoons and documents, including personal correspondence, reflecting Churchill's dedication to literature, art and family alongside his tremendous public achievements.
Category: Literary Collections

Diary

Author : Oldskool Diaries
ISBN : 1697569455
Genre :
File Size : 51.26 MB
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***** CLICK THE AUTHOR NAME "OLDSKOOL DIARIES" FOR MORE COVER DESIGNS ***** Be prepared and keep yourself organized for anything with this stylish diary! The perfect companion to write about your life experiences. This retro diary provides the ideal way to stay organized. A special place to record daily events, record small wins, arm yourself with words of wisdom and capturing brilliant ideas. It�s also a popular tool for documenting your daily life. This matte finished diary comes complete with over 100 pages (approx. 52 sheets). It has a flexible lightweight paperback cover, which makes it lighter and easier to carry around, and comes complete with a cool & trendy colorful cover. Dimensions: 6� x 9� giving plenty of writing space to prepare for each day ahead. This diary is perfect to help: Keep on top of tasks & activities Stay organized with planning Keep track of personal health & medications Noting down things you want to do or read Documenting Life Noting down ideas for blog writing or other forms of writing And so much more... Time to take the stress out of your life and become more organized. Set yourself up for success to help you reach your goals and aspirations. Order yours now!
Category:

Journal

Author : Oldskool Journals
ISBN : 1692424262
Genre :
File Size : 51.9 MB
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***** CLICK THE AUTHOR NAME "OLDSKOOL JOURNALS" FOR MORE JOURNALS ***** Be prepared and keep yourself organized for anything with this stylish Journal! The perfect companion to write about your life experiences. This retro journal provides the ideal way to stay organized. A special place to record daily events, record small wins, arm yourself with words of wisdom and capturing brilliant ideas. It�s also a popular tool for documenting your daily life. This matte finished journal comes complete with over 100 pages (approx. 52 sheets). It has a flexible lightweight paperback cover, which makes it lighter and easier to carry around, and comes complete with a cool & trendy colorful cover. Dimensions: 6� x 9� giving plenty of writing space to prepare for each day ahead. This Journal is perfect to help: Keep on top of tasks & activities Stay organized with planning Keep track of personal health & medications Noting down things you want to do or read Documenting Life Noting down ideas for blog writing or other forms of writing And so much more... Time to take the stress out of your life and become more organized. Set yourself up for success to help you reach your goals and aspirations with this cute journal. Order yours now!
Category:

Essays On Medieval German And Other Poetry

Author : A. T. Hatto
ISBN : 9780521221481
Genre : Literary Criticism
File Size : 43.39 MB
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The essays in this 1980 volume deal largely with medieval German heroic and epic poetry.
Category: Literary Criticism