Financial Market Analysis and Behaviour (Routledge Studies in Economic Theory, Method and Philosophy) - Softcover

Dinga, Emil; Oprean-Stan, Camelia; Tanasescu, Cristina-Roxana; Bratian, Vasile

Softcover

ISBN 10: 1032255188 ISBN 13: 9781032255187

Publisher: Routledge, 2024

Synopsis

This book addresses the functioning of financial markets, in particular the financial market model, and modelling. More specifically, the book provides a model of adaptive preference in the financial market, rather than the model of the adaptive financial market, which is mostly based on Popper's objective propensity for the singular, i.e., unrepeatable, event. As a result, the concept of preference, following Simon's theory of satisficing, is developed in a logical way with the goal of supplying a foundation for a robust theory of adaptive preference in financial market behavior.

The book offers new insights into financial market logic, and psychology: 1) advocating for the priority of behavior over information - in opposition to traditional financial market theories; 2) constructing the processes of (co)evolution adaptive preference-financial market using the concept of fetal reaction norms - between financial market and adaptive preference; 3) presenting a new typology of information in the financial market, aimed at proving point (1) above, as well as edifying an explicative mechanism of the evolutionary nature and behavior of the (real) financial market; 4) presenting sufficient, and necessary, principles or assumptions for developing a theory of adaptive preference in the financial market; and 5) proposing a new interpretation of the pair genotype-phenotype in the financial market model.

The book's distinguishing feature is its research method, which is mainly logically rather than historically or empirically based. As a result, the book is targeted at generating debate about the best and most scientifically beneficial method of approaching, analyzing, and modelling financial markets.

About this title

About the Author

Emil Dinga is a Senior Researcher at the Centre for Financial and Monetary Research, Romanian Academy, Bucharest, Romania.

Camelia Oprean-Stan is a Professor of Finance at the Lucian Blaga University of Sibiu, Romania.

Cristina-Roxana Tănăsescu is a Professor of Economic Methodology at the Lucian Blaga University of Sibiu, Romania.

Vasile Brătian is an Associate Professor at the Faculty of Economics at the Lucian Blaga University of Sibiu, Romania.

Gabriela-Mariana Ionescu is an economist and PhD student in the School of Advanced Studies of the Romanian Academy, Bucharest, Romania.

Edition details

• Publisher: Routledge
• Publication date: 2024
• Language: English
• ISBN 10: 1032255188
• ISBN 13: 9781032255187
• Binding: Paperback
• Edition number: 1
• Number of pages: 298