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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.
This book offers a systemic understanding of the evolutionary model
of financial markets and their place with broader political
economic systems. Through examining the co-evolutionary process,
where the interplay between financial markets and society is
highlighted, insight is provided into the concepts of growth,
development, preference, information, and price. After outlining
these core concepts, they are applied to co-evolution within
financial markets to illustrate the mechanics that underpin
economic systems. Binomial and trinomial co-evolution is then
discussed in relation to financial market variables, preference and
price in terms of symbolic utility, and logical economic modelling
structures. This book presents a new research methodology based on
a logical to approach economics that looks beyond historical and
empirical economic frameworks. It will be relevant to students,
researchers, and policymakers interested in financial economics.
This book explores the interplay between financial markets,
economic systems, and society. Through introducing the concept of
autopoiesis, based on the newly conceived Autopoietic Market
Hypothesis, ideas of evolution are applied to financial markets to
highlights the ways in which economic systems change as they are
subject to social selection. By placing this perspective on
financial markets, economic development and flows are seen as part
of a living system that is influenced by social and political
trends. Ideas of integral utility, the logical model of autopoietic
financial markets, economic fitness, and the mutation of economic
markets are also discussed. This book presents a new and
distinctive perspective on financial markets and economic systems.
It will be of interest to students, researchers, and policymakers
working within financial economics.
This book examines the relationship between job security and job
flexibility. Through an innovative conceptual approach, the concept
of job flexicurity is presented to highlight the labour market
dynamics between job flexibility and employee security. The
dynamics of labour market mechanisms are placed within ideas of
rigidity, security, flexibility, and plasticity to explore the
interplay between different employee considerations. Particular
attention is given to the Romanian labour market with an empirical
case study that expands upon the ideas discussed. This book aims to
analyse how job security and flexibility impact worker well-being
and happiness. It will be relevant to students and researchers
interested in labour economics and the job market.
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