Deterministic: Difference between revisions
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{{Def|Deterministic|/ˌdɪtəːmɪˈnɪstɪk/|n|}}1. (''Valuation'') [[value]] which can be assessed without any hand-waving appeals to the referee, common-sense, crying out loud, or five leading dealers in the market for the relevant financial instrument. An a solution that any old chump, given instructions in sensible English, could arrive at without the need for another fellow’s opinion. Now you might think the [[Negotiation|negotiation]] of [[Master agreements|standard form trading agreements]] is the sort of thing that one might, by now, have reduced to a set of simple [[deterministic]] rules that even a pocket calculator could follow, but you would be wrong. Just try following the definition of {{csaprov|Valuation Date}} in a {{csaprov|CSA}} if you don’t believe me. | |||
2. (''Philosophy'') a conclusion deriving from a [[determinism|determinist]] standpoint, being the philosophical position that, since the universe is wholly and exclusively a material thing, and is governed by immutable laws of physics and [[causation]], anything that will happen to any part of that universe can, with sufficient information, be calculated in advance, and the fact that something ''hasn’t'' been so precalculated, or predicted, and that the trajectory of every atom in the universe has not been charted from its origin to its final logical end point in the [[singularity]] with which our universe will begin and end is merely a reflection of the inadequacy of our computational apparatus, and our approach to data-gathering. | |||
An a solution that any old chump, given instructions in sensible English, could arrive at without the need for another fellow’s opinion. | |||
Now you might think the [[Negotiation|negotiation]] of [[Master agreements|standard form trading agreements]] is the sort of thing that one might, by now, have reduced to a set of simple [[deterministic]] rules that even a pocket calculator could follow, but you would be wrong. Just try following the definition of {{csaprov|Valuation Date}} in a {{csaprov|CSA}} if you don’t believe me. | |||
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Revision as of 11:23, 17 December 2020
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Deterministic /ˌdɪtəːmɪˈnɪstɪk/ (n.)
1. (Valuation) value which can be assessed without any hand-waving appeals to the referee, common-sense, crying out loud, or five leading dealers in the market for the relevant financial instrument. An a solution that any old chump, given instructions in sensible English, could arrive at without the need for another fellow’s opinion. Now you might think the negotiation of standard form trading agreements is the sort of thing that one might, by now, have reduced to a set of simple deterministic rules that even a pocket calculator could follow, but you would be wrong. Just try following the definition of Valuation Date in a CSA if you don’t believe me.
2. (Philosophy) a conclusion deriving from a determinist standpoint, being the philosophical position that, since the universe is wholly and exclusively a material thing, and is governed by immutable laws of physics and causation, anything that will happen to any part of that universe can, with sufficient information, be calculated in advance, and the fact that something hasn’t been so precalculated, or predicted, and that the trajectory of every atom in the universe has not been charted from its origin to its final logical end point in the singularity with which our universe will begin and end is merely a reflection of the inadequacy of our computational apparatus, and our approach to data-gathering.