Articles liés à The Ascent of Market Efficiency: Finance That Cannot...

The Ascent of Market Efficiency: Finance That Cannot Be Proven - Couverture rigide

Polillo, Simone

 
9781501750373: The Ascent of Market Efficiency: Finance That Cannot Be Proven
Couverture rigide
ISBN 10 : 1501750372 ISBN 13 : 9781501750373
Editeur : Cornell University Press, 2020

Synopsis

The Ascent of Market Efficiency weaves together historical narrative and quantitative bibliometric data to detail the path financial economists took in order to form one of the central theories of financial economics--the influential efficient-market hypothesis--which states that the behavior of financial markets is unpredictable.

As the notorious quip goes, a blindfolded monkey would do better than a group of experts in selecting a portfolio of securities, simply by throwing darts at the financial pages of a newspaper. How did such a hypothesis come to be so influential in the field of financial economics? How did financial economists turn a lack of evidence about systematic patterns in the behavior of financial markets into a foundational approach to the study of finance?

Each chapter in Simone Polillo's fascinating meld of economics, science, and sociology focuses on these questions, as well as on collaborative academic networks, and on the values and affects that kept the networks together as they struggled to define what the new field of financial economics should be about. In doing so, he introduces a new dimension--data analysis--to our understanding of the ways knowledge advances.

There are patterns in the ways knowledge is produced, and The Ascent of Market Efficiency helps us make sense of these patterns by providing a general framework that can be applied equally to other social and human sciences.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l'auteur

Simone Polillo is Associate Professor in the Department of Sociology at University of Virginia. He is author of Conservatives vs. Wildcats. Follow him on X @simpol78.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Cornell University Press
Date d'édition
2020
Langue
anglais
ISBN 10 
1501750372
ISBN 13 
9781501750373
Reliure
Relié
Nombre de pages
204
Coordonnées du fabricant
non disponible
Personne responsable
non disponible