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: Paperback / softback
Length: 282 pages
Publication date: 29 January 2024
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the intricate workings of financial markets, focusing on the financial market model and modeling. 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 employing Simon's theory of satisficing, the book develops a logical framework to establish 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 constructs the processes of (co)evolution of adaptive preference-financial market using the concept of fetal reaction norms, bridging the gap between financial markets and adaptive preference. Furthermore, it presents a novel typology of information in the financial market, aimed at substantiating the priority of behavior over information. Additionally, the book provides the necessary and sufficient principles or assumptions for developing a theory of adaptive preference in the financial market. Lastly, it proposes a new 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 driven. 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 stimulating discussions on the best approaches to studying and understanding these complex systems.

Weight: 453g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032255187