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This article takes place in the revision of the history of financial economics. The major argument is that the history of financial economics nowadays known was built to defend theoretical viewpoints, and therefore, to convince the scientific community to adopt these theories. More precisely,...
Persistent link: https://www.econbiz.de/10012907164
We analyse the work of a neglected French economist, Jules Regnault, whose Calcul des Chances et Philosophie de la Bourse (1863) laid the basis of modern stochastic models of price behaviour and contains an anticipation of econometrics. At a time when short-term speculation was denounced as...
Persistent link: https://www.econbiz.de/10012907165
Following recent judgement of the Supreme Court of US (June 2014), several commentators had declared that “Securities class actions are here to stay” (insidecounsel.com – September 2014, 11). This paper provides a critical perspective on this judgement, which “implicates substantive...
Persistent link: https://www.econbiz.de/10012907166
To date, the history of financial economics has not discussed in detail the international diffusion of financial economics (henceforth modern finance). Modern finance was supposedly “introduced” in France in the 1970s. According to some historians of financial economics, it is an American...
Persistent link: https://www.econbiz.de/10012907167
This article highlights the current misunderstanding between economists and econophysicists by adopting the financial economists' viewpoint in order to explain why the works developed by econophysicists are not recognized in finance. Because both communities do not share the same scientific...
Persistent link: https://www.econbiz.de/10012907168
This paper aims at analyzing the unexpected influence of Financial economics on Physics. The rise of Econophysics, a fundamentally new approach in finance, suggests that the influence between the two disciplines becomes less unilateral than in the past. Methodological debates emerging in...
Persistent link: https://www.econbiz.de/10012907170
In line with the recent research and debates about econophysics and financial economics, this article discusses on usual misunderstandings between the two disciplines in terms of modelling and basic hypotheses. In the literature devoted to econophysics, the methodology used by financial...
Persistent link: https://www.econbiz.de/10012907171
This paper uses the example of the history of the efficient market hypothesis (EMH) and the citation analysis in order to investigate some differences between qualitative history and a quantitative history. The history of the EMH provides a telling example of the way quantitative analyses can...
Persistent link: https://www.econbiz.de/10012907172
Persistent link: https://www.econbiz.de/10012623300
To date, little research has documented the international diffusion of financial economics. Financial economics was supposedly “introduced” in France in the 1970s. Some analysts have argued that it is an American author — Leonard J. Savage — who allowed French authors to rediscover Louis...
Persistent link: https://www.econbiz.de/10013217182