Co-Evolution of Symbolic Species in the Financial Market: A Framework for Economic and Political Decision-Making

✍ Scribed by Emil Dinga, Camelia Oprean-Stan, Cristina Roxana Tănăsescu, Vasile Brătian, Gabriela-Mariana Ionescu

• Publisher: Palgrave Macmillan
• Year: 2023
• Tongue: English
• Leaves: 350
• Category: Library

✦ Synopsis

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.

✦ Table of Contents

Acknowledgement
Contents
Abbreviations
List of Figures
List of Tables
Chapter 1: Introductory Concepts
Causality and Intelligibility
Causality
Intelligibility
Theories
Growth-Development-Evolution
Growth
Definition and Characteristics
Logic of Growth Modelling
Development
Evolution
Notes
References
Chapter 2: Co-evolution in the Financial Market
The Concept of Evolution—General Framework
Theoretical Basis of Evolution
Genotype
Genetic Mutation
Genetic Recombination
Phenotype
Directional Selection
The Concept of Mechanism
The Concept of Mechanism of Evolution
The Concept of Co-evolution
Theoretical Basis of Co-evolution
Species and Co-species
Co-species: Ontological or Gnoseological Concept?
Co-species versus Environment
The Concept of Co-evolution
Definitional Considerations
The Mechanism of Co-evolution
The Concept of Evolution in the Financial Market
Genotype and Mutation on the Financial Market
Additional Discussion
Phenotype on the Financial Market
The Concept of Phenotype on the Financial Market
Is There Phenotype Development in the Financial Market?
Selection in the Financial Market
The Mechanism of Evolution in the Financial Market
Additional Discussion
The Co-evolution in the Financial Market
Co-species in the Financial Market
Preamble
The Concept of Co-species in the Financial Market
Circular Causality in the Financial Market
The Mechanism of Co-evolution in the Financial Market
Genetic Co-evolution
Endogenous Mutations
Exogeneous Mutations
Memetic Co-evolution
Semetic Co-evolution
Notes
References
Chapter 3: Binomial Co-evolution in the Financial Market—Preparing Issues
Introduction
General Framework
The Bright Cone
Observational Competence
Observational Variables in the Financial Market
Informational Observables ()
Behavioural Observables ()
Analytical Developments on Observables
Short Discussion
Decisional Variables in the Financial Market
The Concept of Decisional Variable—Visiting the Rational Expectations Issue
The Concept of Decisional Variable—Visiting the Adaptive Expectations Issue
The Predicates of Decisional Variables
Defining of the Decisional Variable
A Typology of Decisional Variable
Short Additional Discussion
Functioning of the Decisional Variable
Notes
References
Chapter 4: Binomial Co-evolution in the Financial Market—Mechanisms
Information and Price as Symbolic Species
Symbolic Species
The Concept of Symbolic Species
Short Discussion
Some Analytical Developments
Preamble
(α) On the Structure of Price
(β) Price as Symbolic Species
Co-evolutive Mechanism of the Binomial Information-Price
Preamble
Logical Description
Objectives
Additional discussion
Logical Model of BIP
Notes
Annex: Systematics of the Binomial Information-Price
References
Chapter 5: Preference as Symbolic Species
Preamble
Preference as a Symbolic Species in the Financial Market
The Logical Structure of Preference
Proference.
Short Discussion.
A Proposal for the Structure of Preference.
Short Discussion.
Comment.
Additional Comment.
A More Analytical Discussion.
Additional Comments.
Preference as Symbolic Species
Short Discussion.
Comment.
Short Discussion.
Notes
References
Chapter 6: Trinomial Co-evolution in the Financial Market
Logical Modelling of the Trinomial Preference-Information-Price
Preamble
Reaction Norms in the Trinomial Model
Short Discussion
Important Remarks:
Synergy in the Trinomial Model
Generalities
Short discussion
The Concept of Synergy
A Taxonomy of Synergy
The Structure of Synergic Mechanism
Some Developments Around the Concept of Synergy.
Short Discussion
A General Evolutionist Picture of the (Co-) Species Preference-Information-Price
The Logical Model of the Trinomial Preference-Information-Price
Elements of Modelling
A Sketch of the Model
Some Polemical Issues in the Trinomial Preference-Information-Price
Quantitative Formalization in the Trinomial Preference-Information-Price
Preamble
Forming/Choosing/Adjusting of the Trading Strategy
Notations
Relations of Definition, Calculus and Decision
The Quantitative Model
Notes
References
Chapter 7: Co-evolution of Symbolic Species and Decision-Making in the Financial Market
Preliminaries
What Should be Expected from a General Framework of Co-evolutionary Financial Market
Seven Epistemological Issues
Decision-Making Framework
Notes
References
Glossary
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 6
Index