Financial Market Analysis and Behaviour: The Adaptive Preference Hypothesis

This book provides a model of adaptive preference in financial market behavior,based on Simon's theory of satisficing. It advocates for behavior over information,constructs processes of (co)evolution,and presents a new typology of information. It also proposes a new interpretation of the pair genotype-phenotype in the financial market model. The book's research method is logically based,aimed at generating debate about the best method for approaching,analyzing,and modelling financial markets.

Format: Hardback
Length: 282 pages
Publication date: 06 July 2022
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the intricate workings of financial markets, focusing on the financial market model and its various applications. More specifically, it presents a novel model of adaptive preference in the financial market, diverging from the traditional adaptive financial market model primarily rooted in Popper's objective propensity for singular, unrepeatable events. By adopting this approach, the book endeavors to establish a solid foundation for a robust theory of adaptive preference in financial market behavior.

The book offers a fresh perspective on financial market logic and psychology, advocating for the primacy of behavior over information, in contrast to conventional financial market theories. It employs the concept of fetal reaction norms to construct the processes of (co)evolution between financial markets and adaptive preference. Furthermore, it introduces a new typology of information in the financial market, aimed at substantiating the aforementioned argument and elucidating the evolutionary nature and behavior of the (real) financial market.

To develop a theory of adaptive preference in the financial market, the book provides sufficient and necessary principles or assumptions. Additionally, it proposes a novel interpretation of the pair genotype-phenotype in the financial market model.

One of the book's notable features is its research methodology, primarily logically based rather than historically or empirically oriented. This approach aims to spark debate about the most effective and scientifically beneficial method for approaching, analyzing, and modeling financial markets.

Overall, this comprehensive book provides valuable insights into the functioning of financial markets, offering a novel perspective on adaptive preference and its implications for understanding financial market behavior.

Weight: 710g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032255163