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.
KeywordsSedimentation Volatility Stake Hedging Rebalances
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- 2.Louis Bachelier, Théorie de la Spéculation (Paris: Éditions Jacques Gabay, 1995).Google Scholar