@vgr Financial derivatives are really odd constructions, epistemologically. Have not read essay but interested in the subject.
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@vgr Judging from the pdf, though, printing the essay on postage stamps may have been a mistake. - Show replies
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@themattsimpson I think the program is to shift the ontology from 'the underlying' as foundational to...something about market behavior.
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@themattsimpson That's trader speak for the underlying assets a derivative is built on.
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@themattsimpson Sections 4.1 and 4.2 are not woo. I'd start there maybe.
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@themattsimpson He's doing something where the realest thing isn't the physical object or the contract of ownership of that object, but...
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@themattsimpson ...something about the prices themselves as the bare-metal layer of the ontology. Mostly over my head but not entirely.
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@themattsimpson Dude I am trying to tl;dr some stuff I am barely familiar with, not justify it
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