Cristina-Roxana Tănăsescu - Böcker

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 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 presents a comprehensive and innovative analysis of decarbonisation and reshaping of risk in contemporary financial and institutional systems. It develops a multidimensional approach that integrates finance, behavioural dynamics and governance within ongoing technological and climate transformations. The novelty of the volume lies in reframing decarbonisation as a structural reconfiguration of risk, rather than merely a regulatory or reporting challenge. It emphasizes the fact that research and analysis of ESG dynamics is gaining centre-stage in the academic sphere, but the problem of low transparency, and more specifically the lack of disclosure is underestimated, and the topic has gained insufficient attention to date.The book offers an in-depth description of the different approaches to transition and climate risk regulation through the critical analysis of the actions implemented by the main regulatory authorities, and introduces a comprehensive analysis of climate risks and related scenarios using stress testing. It rethinks the concepts of risk, profit and responsibility in the context of a pro-environmental attitude and adopts an interdisciplinary approach, by exploring ESG issues from a quantitative, institutional and behavioural perspective.This volume examines the transition and the costs connected with decarbonisation, focusing on the problems of disclosure and reporting, and also considers the role of financial innovation and data-driven technologies in shaping transition dynamics, while developing a co-evolutionary framework linking risk, responsibility and institutional design.The book is therefore positioned as a key reference for academics, advanced students and researchers concerned with decarbonisation, transition risk, sustainable finance, and the evolving governance of financial and institutional systems.

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 offers a systemic understanding of the evolutionary model of financial markets and their place with broader political economic systems.

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.

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.