How do Conflicting Theories about Financial Markets Coexist?
There are many conflicting interpretations of security prices and price determination in financial markets. They range from academic theories based on efficient markets and rational expectations hypotheses, to more traditional methods of fundamental analysis, to theories of "value" and "growth" investing, to chart-reading and technical analysis, to notions such as "reflexivity." These interpretations are logically inconsistent with each other, but they seem to co-exist, sometimes even on the same trading desk. In this paper, we seek to formulate an explanation for this strange coexistence, using some tools from critical theory to understand how financial markets operate. Structuralism is used to analyze various kinds of narratives appearing in the financial literatu
|Date of creation:||01 Apr 2006|
|Date of revision:|
|Contact details of provider:|| Web page: http://icf.som.yale.edu/|
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- repec:cup:cbooks:9780521479394 is not listed on IDEAS
- William A. Brock & Steven N. Durlauf, 1999.
"A formal model of theory choice in science,"
Springer, vol. 14(1), pages 113-130.
- repec:cup:cbooks:9780521623384 is not listed on IDEAS
- repec:cup:cbooks:9780521626163 is not listed on IDEAS
- Edward W. Piotrowski & Jan Sladkowski & Jacek Syska, . "Interference of quantum market strategies," Departmental Working Papers 11, University of Bialtystok, Department of Theoretical Physics.
- repec:cup:cbooks:9780521474009 is not listed on IDEAS
When requesting a correction, please mention this item's handle: RePEc:ysm:somwrk:amz2445. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.