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a 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|systems|}}{{D|Deterministic|/ˌdɪtəːmɪˈnɪstɪk/|n|}} | ||
1. (''[[Probability]]''): Of an as-yet unhappened event, having a [[probability]] of one. Fully predictable. Given specified criteria, certain. If ''this'', then ''that''. Processable without syntax error by a Turing Machine. | |||
''Compare'' with [[stochastic]] (''having a probability less than one'') and [[uncertain]] (''impossible to predict''). | |||
2. (''Valuation'') A [[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. <br> | |||
3. (''Philosophy'') The [[Epistemology|epistemological]] conclusion, deriving from the [[determinism|determinist]] standpoint, 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 pre-calculated, or predicted, and that the trajectory of every atom in the universe has not, yet, 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. Stands in stark contrast to [[pragmatism|pragmatic]] and [[relativism|relativist]] epistemologies. [[JC]] is with the pragmatists. | |||
{{sa}} | |||
*[[Stochastic]] | |||
*[[Uncertain]] | |||
*[[Algorithm]] | |||
*[[AI]] | |||
*{{isia}} | |||