The End of Probability

  • Elie Ayache


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.


Quantum Mechanic Brownian Motion Implied Volatility Contingent Claim Underlying Asset 
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© Elie Ayache 2015

Authors and Affiliations

  • Elie Ayache

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