The Medium Of Contingency

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The Medium of Contingency

Author : Robin Mackay
Publisher : MIT Press
Page : 0 pages
File Size : 51,9 Mb
Release : 2015-09-04
Category : Art
ISBN : 9780993045899

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The Medium of Contingency by Robin Mackay Pdf

An unprecedented meeting of philosophical thought, financial markets, and the art world. Why has the concept of contingency taken on a marked importance both in contemporary philosophy and in contemporary art practice? And if this simultaneity derives from parallel problems met within the two different fields, what are their common roots? Beyond acknowledging the contingent nature of tradition, institutions, and practices, recent speculative philosophies of “absolute contingency” demand a radical revision of the ways in which we conceive of our interaction with unknowable materialities, and pose a challenge to both probabilistic management and process-driven affirmation of contingency. In an unprecedented meeting of philosophical thought, financial markets, and the art world, The Medium of Contingency explores how works of art write contingency into the present, and are in turn written by the contingency of their materials, and how these exchanges interact with other markets. From the mathematical instruments used to value financial derivatives to the nature of literary creation, from the market-making role of the curator to the “chemistry of openness,” the contributors to this lively discussion draw out the startling consequences of a new figure of thought.

The Medium of Contingency

Author : Elie Ayache
Publisher : Springer
Page : 414 pages
File Size : 53,7 Mb
Release : 2016-06-15
Category : Business & Economics
ISBN : 9781137286567

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The Medium of Contingency by Elie Ayache Pdf

In The Medium of Contingency Elie Ayache builds upon his ground-breaking book The Blank Swan, in exploring the intersection of philosophy and finance, introducing new notions of price and market. Inverting the received view, he now sees a creation of matter in both the market and its metaphysics, rather than pure speculation. Once recognized as the proper medium of contingency and disassociated from the probabilistic and statistical tools traditionally used to model it, the market can be thought as 'real', in a new sense of reality corresponding to the new sense of matter. To bring this new and original perspective, The Medium of Contingency builds on probability theory as first formalized by von Mises and Kolmogorov, and later revisited by Shafer and Vovk. It utilises the author's extensive experience in derivatives pricing technology and software, as well as his work in the philosophy of contingency and contingent claims, to propose a new philosophical interpretation of Brownian motion and of the Black-Scholes-Merton formula. Then it completes the overturning of the traditional view of the market by arguing that there should be no difference, ultimately, between an underlying asset and the derivative written on it. This book does not aim to change the market but the way we must think of it. It is the author's conviction that there can be no philosophy of the market, and consequently no thinking of it, without a philosophy of contingent claims and of derivative pricing. The book provides the missing piece, which the philosophy of probability cannot provide alone. Its scope, however, extends beyond the strict critique of financial mathematics, as it also, and perhaps most importantly, delivers the author's definitive treatment of the philosophically prominent and recently much discussed notion of contingency.

The Blank Swan

Author : Elie Ayache
Publisher : John Wiley & Sons
Page : 501 pages
File Size : 49,8 Mb
Release : 2010-05-17
Category : Business & Economics
ISBN : 9780470725221

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The Blank Swan by Elie Ayache Pdf

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.

Contingent Encounters

Author : Dan DiPiero
Publisher : University of Michigan Press
Page : 261 pages
File Size : 47,9 Mb
Release : 2022-08-31
Category : Music
ISBN : 9780472903115

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Contingent Encounters by Dan DiPiero Pdf

Contingent Encounters offers a sustained comparative study of improvisation as it appears between music and everyday life. Drawing on work in musicology, cultural studies, and critical improvisation studies, as well as his own performing experience, Dan DiPiero argues that comparing improvisation across domains calls into question how improvisation is typically recognized. By comparing the music of Eric Dolphy, Norwegian free improvisers, Mr. K, and the Ingrid Laubrock/Kris Davis duo with improvised activities in everyday life (such as walking, baking, working, and listening), DiPiero concludes that improvisation appears as a function of any encounter between subjects, objects, and environments. Bringing contingency into conversation with the utopian strain of critical improvisation studies, DiPiero shows how particular social investments cause improvisation to be associated with relative freedom, risk-taking, and unpredictability in both scholarship and public discourse. Taking seriously the claim that improvisation is the same thing as living, Contingent Encounters overturns long-standing assumptions about the aesthetic and political implications of this notoriously slippery term.

Bank Contingency Financing

Author : Andrew J. Zamora
Publisher : John Wiley & Sons
Page : 250 pages
File Size : 43,9 Mb
Release : 1991-01-16
Category : Business & Economics
ISBN : 0471608947

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Bank Contingency Financing by Andrew J. Zamora Pdf

In recent years, banks have greatly increased their reliance on contingency financing. Shows bankers how to minimize their risk and maximize their profits when dealing in these new markets. Contingency items (also called off-balance-sheet items) are agreements made by banks in which, for a fee, the bank undertakes to act as an intermediary, guaranteeing a transaction between other parties. Zamora explains the various types of contingency financing, including swap transactions, forward rate agreements, bankers' acceptances, and standby letters of credit. Each topic is illustrated with a case study. covers all aspects of contingency financing and places them in the context of the bank's overall financial structure.

Recursivity and Contingency

Author : Yuk Hui
Publisher : Rowman & Littlefield
Page : 288 pages
File Size : 50,6 Mb
Release : 2019-01-28
Category : Philosophy
ISBN : 9781786600547

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Recursivity and Contingency by Yuk Hui Pdf

This book is an investigation of algorithmic contingency and an elucidation of the contemporary situation that we are living in: the regular arrival of algorithmic catastrophes on a global scale. Through a historical analysis of philosophy, computation and media, this book proposes a renewed relation between nature and technics.

The Contingency Theory of Organizations

Author : Lex Donaldson
Publisher : SAGE
Page : 348 pages
File Size : 46,5 Mb
Release : 2001-02-20
Category : Business & Economics
ISBN : 0761915745

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The Contingency Theory of Organizations by Lex Donaldson Pdf

This volume presents a comprehensive, in-depth analysis of the theories, evidence and methodological issues of contingency theory - one of the major theoretical lenses used to view organizations.

The Contingent Object of Contemporary Art

Author : Martha Buskirk
Publisher : MIT Press
Page : 324 pages
File Size : 51,5 Mb
Release : 2005-02-18
Category : Art
ISBN : 0262524422

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The Contingent Object of Contemporary Art by Martha Buskirk Pdf

An exploration of transformations in the nature of the art object and artistic authorship in the last four decades. In this book, Martha Buskirk addresses the interesting fact that since the early 1960s, almost anything can and has been called art. Among other practices, contemporary artists have employed mass-produced elements, impermanent materials, and appropriated imagery, have incorporated performance and video, and have created works through instructions carried out by others. Furthermore, works of art that lack traditional signs of authenticity or permanence have been embraced by institutions long devoted to the original and the permanent. Buskirk begins with questions of authorship raised by minimalists' use of industrial materials and methods, including competing claims of ownership and artistic authorship evident in conflicts over the right to fabricate artists' works. Examining recent examples of appropriation, she finds precedents in pop art and the early twentieth-century readymade and explores the intersection of contemporary artistic copying and the system of copyrights, trademarks, and brand names characteristic of other forms of commodity production. She also investigates the ways that connections between work and context have transformed art and institutional conventions, the impact of new materials on definitions of medium, the role of the document as both primary and secondary object, and the significance of conceptually oriented performance work for the intersection of photography and the human body in contemporary art. Buskirk explores how artists active in the 1980s and 1990s have recombined strategies of the art of the 1960s and 1970s. She also shows how the mechanisms through which art is presented shape not only readings of the work but the work itself. She uses her discussion of the readymade and conceptual art to explore broader issues of authorship, reproduction, context, and temporality.

Critical Theories Of Mass Media: Then And Now

Author : Taylor, Paul,Harris, Jan
Publisher : McGraw-Hill Education (UK)
Page : 263 pages
File Size : 50,7 Mb
Release : 2007-12-01
Category : Social Science
ISBN : 9780335218110

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Critical Theories Of Mass Media: Then And Now by Taylor, Paul,Harris, Jan Pdf

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Secrets of Creation

Author : Robin Mackay
Publisher : MIT Press
Page : 201 pages
File Size : 50,5 Mb
Release : 2021-01-12
Category : Art
ISBN : 9780957529519

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Secrets of Creation by Robin Mackay Pdf

An artist and a mathematician debate, find common ground, and jointly create an assemblage that is neither (or both) an artwork and a mathematical model. A week-long residency project brought together artist Conrad Shawcross and mathematician Matthew Watkins to reflect on the ways in which artists use (or misuse) scientific and mathematical concepts. Secrets of Creation documents this fascinating meeting of worlds, presenting both the week's discussions and debates, and the project upon which Shawcross and Watkins subsequently embarked. Navigating a route that tacked between formalism and natural language, experts and laymen, quantity and quality, poetics and mechanics, Shawcross and Watkins gradually forged a shared discourse in which the concerns of the artist and those of the mathematician could find a common ground. The project ended with their joint creation of an assemblage that was neither (or both) an artwork and a mathematical model.

Media Ecologies of Literature

Author : Susanne Bayerlipp,Ralf Haekel,Johannes Schlegel
Publisher : Bloomsbury Publishing USA
Page : 233 pages
File Size : 42,7 Mb
Release : 2022-11-03
Category : Literary Criticism
ISBN : 9781501383892

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Media Ecologies of Literature by Susanne Bayerlipp,Ralf Haekel,Johannes Schlegel Pdf

This book explores the media ecologies of literature – the ways in which a literary text is interwoven in its material, technical, performative, praxeological, affective, and discursive network and which determine how it is experienced and interpreted. Through novel approaches to the complex, contingent and interdependent environments of literature, this volume demonstrates how questions about the mediality of literature – particularly in the wake of digitization – shed a new light on our understanding of textuality, reading, platforms and reception processes. By drawing on recent developments in advanced media theory, Media Ecologies of Literature emphasizes the productivity of innovative re-conceptualizations of literature as a medium in its own right. In an intentionally wide historical scope, the essays engage with literary texts from the Romantic to the contemporary period, from Charlotte Smith and Oscar Wilde to A. L. Kennedy and Mark Z. Danielewski, from the traditionally printed novel to audiobooks and reading apps.

Odds Ratios in the Analysis of Contingency Tables

Author : Tamás Rudas
Publisher : SAGE
Page : 92 pages
File Size : 42,7 Mb
Release : 1998
Category : Mathematics
ISBN : 0761903623

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Odds Ratios in the Analysis of Contingency Tables by Tamás Rudas Pdf

In this volume the author shows how odds ratios can be used as a framework for understanding log-linear models. The book moves from paradigmatic 2x2 case to more complicated cases. The author also carefully defines the odds ratio.

The Handbook of the Psychology of Communication Technology

Author : S. Shyam Sundar
Publisher : John Wiley & Sons
Page : 600 pages
File Size : 41,5 Mb
Release : 2015-01-20
Category : Social Science
ISBN : 9781118426623

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The Handbook of the Psychology of Communication Technology by S. Shyam Sundar Pdf

The Handbook of the Psychology of Communication Technology offers an unparalleled source for seminal and cutting-edge research on the psychological aspects of communicating with and via emergent media technologies, with leading scholars providing insights that advance our knowledge on human-technology interactions. • A uniquely focused review of extensive research on technology and digital media from a psychological perspective • Authoritative chapters by leading scholars studying psychological aspects of communication technologies • Covers all forms of media from Smartphones to Robotics, from Social Media to Virtual Reality • Explores the psychology behind our use and abuse of modern communication technologies • New theories and empirical findings about ways in which our lives are transformed by digital media

Literature and Contingency

Author : Christina Lupton,Carsten Meiner
Publisher : Routledge
Page : 297 pages
File Size : 44,5 Mb
Release : 2020-05-21
Category : Education
ISBN : 9780429575129

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Literature and Contingency by Christina Lupton,Carsten Meiner Pdf

This collection features leading literary critics and explores the role of language in thinking about the ways in which the world might be otherwise, and the history of contingency as a longstanding literary concept. The defining feature of contingency lies in the suggestion that things that have already happened might have been otherwise. Central to late twentieth century European critical and sociological thinking, that argument is at the centre of this volume. The contributors to this volume explore subjects including how literature, philosophy and history all cope with contingency; the existence of contingency in genres as diverse as enlightenment fables, Aristotle, Hardy, Jane Austen, and post-war American literature; the contingency of old age and the poetics of contingency. As the chapters here illustrate, our efforts to understand each other involve a constant opening onto being otherwise; an enterprise in which the role of the literary critic remains key. Of interest to scholars across a range of literary genres, this volume would also have applications for philosophy researchers exploring the metaphysics of contingency. This book was originally published as a special issue of Textual Practice.

Contingency and Natural Order in Early Modern Science

Author : Pietro Daniel Omodeo,Rodolfo Garau
Publisher : Springer
Page : 343 pages
File Size : 44,6 Mb
Release : 2019-09-09
Category : Science
ISBN : 9783319673783

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Contingency and Natural Order in Early Modern Science by Pietro Daniel Omodeo,Rodolfo Garau Pdf

This volume considers contingency as a historical category resulting from the combination of various intellectual elements – epistemological, philosophical, material, as well as theological and, broadly speaking, intellectual. With contributions ranging from fields as diverse as the histories of physics, astronomy, astrology, medicine, mechanics, physiology, and natural philosophy, it explores the transformation of the notion of contingency across the late-medieval, Renaissance, and the early modern period. Underpinned by a necessitated vision of nature, seventeenth century mechanism widely identified apparent natural irregularities with the epistemological limits of a certain explanatory framework. However, this picture was preceded by, and in fact emerged from, a widespread characterization of contingency as an ontological trait of nature, typical of late-Scholastic and Renaissance science. On these bases, this volume shows how epistemological categories, which are preconditions of knowledge as “historically-situated a priori” and, seemingly, self-evident, are ultimately rooted in time. Contingency is intrinsic to scientific practice. Whether observing the behaviour of a photon, diagnosing a patient, or calculating the orbit of a distant planet, scientists face the unavoidable challenge of dealing with data that differ from their models and expectations. However, epistemological categories are not fixed in time. Indeed, there is something fundamentally different in the way an Aristotelian natural philosopher defined a wonder or a “monstrous” birth as “contingent”, a modern scientist defines the unexpected result of an experiment, and a quantum physicist the behavior of a photon. Although to each inquirer these instances appeared self-evidently contingent, each also employs the concept differently.