Abstract
Probability theory and the name of the market have been improperly mixed at the beginning. We relied only on our familiarity with their terms. The market is not just the market; it is essential for thought. You may think it is not as fundamental as a physical theory; in fact, it is as fundamental as a metaphysical theory.
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Notes
Louis Bachelier, Théorie de la Spéculation (Paris: Éditions Jacques Gabay, 1995).
See Vladimir Vovk, Continuous-time trading and the emergence of volatility, Electronic Communications in Probability, 13, 2008, 319–324.
Glenn Shafer and Vladimir Vovk, Probability and Finance: It Is Only a Game! (New York: John Wiley & Sons Ltd, 2001).
Riccardo Rebonato, Volatility and Correlation: The Perfect Hedger and the Fox, second edition (Chichester: John Wiley & Sons Ltd, 2004).
Peter Whittle, Probability via Expectation (New York: Springer-Verlag, 2000).
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© 2015 Elie Ayache
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Ayache, E. (2015). The Hard Problem. In: The Medium of Contingency. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-137-28656-7_15
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DOI: https://doi.org/10.1007/978-1-137-28656-7_15
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