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A brief note concerning Hayek's non-standard conception of knowledge

Scheall, Scott - 2018

Whatever F.A. Hayek meant by "knowledge" could not have been the justified true belief conception common in the Western intellectual tradition from at least the time of Plato onward. In this brief note, I aim to uncover and succinctly state Hayek's unique definition of knowledge.

Persistent link: https://www.econbiz.de/10011950203

McCarthyism and the Mathematization of Economics

Weintraub, E. Roy - 2016

Historians of the social sciences and historians of economics have come to agree that, in the United States, the 1940s transformation of economics from political economy to economic science was associated with economists' engagements with other disciplines — e.g. mathematics, statistics,...

Persistent link: https://www.econbiz.de/10012998236

Subjectivism, Social Structure and the Possibility of Socio-Economic Order : The Case of Ludwig Lachmann

Lewis, Paul A.; Runde, Jochen - 2014

theory, these tensions may be resolved …

Persistent link: https://www.econbiz.de/10014140042

The Current Economic Crisis : Its Nature and the Course of Academic Economics

Lawson, Tony - 2010

The current crisis has triggered significant debate concerning economic theory and policy. Largely absent from this …

Persistent link: https://www.econbiz.de/10013152281

Breaking down the Barriers between Econophysics and Financial Economics

Jovanovic, Franck - 2018

consider econophysics as a strictly empirical field without theoretical justification. This paper shows the opposite; it also …

Persistent link: https://www.econbiz.de/10012907168

How accurate do markets predict the outcome of an event? : the Euro 2000 soccer championships experiment

Schmidt, Carsten; Werwatz, Axel - 2002 - Rev.

For the Euro 2000 Soccer Championships an experimental asset market was condueted, with traders buying and selling contracts on the winners of individual matches. Market-generated probabilities are compared to professional bet quotas, and factors that are responsible for the quality of the...

Persistent link: https://www.econbiz.de/10009621415

Passive Investing and Market Efficiency

Cornell, Bradford - 2017

In a stock market dominated by passive investors, an interesting question arises as to how the equilibrium level of market efficiency will be maintained. This short article argues that the critical agents in this regard must be the companies that issue the shares, not active investment managers

Persistent link: https://www.econbiz.de/10012953860

Efficient Market Hypothesis and Fraud on the Market Theory A New Perspective for Class Actions

Jovanovic, Franck - 2018

judgement, which “implicates substantive issues at the intersection of economic theory, financial markets, and securities … most popular financial theory: Efficient Market Hypothesis. In this paper, by analysing the implementation of the Efficient … Market Hypothesis in Fraud on the Market Theory, we argue that if the Supreme Court had to take position for a second time …

Persistent link: https://www.econbiz.de/10012907166

Efficiently Inefficient Markets for Assets and Asset Management

Garleanu, Nicolae - 2017

We consider a model where investors can invest directly or search for an asset manager, information about assets is costly, and managers charge an endogenous fee. The efficiency of asset prices is linked to the efficiency of the asset management market: if investors can find managers more...

Persistent link: https://www.econbiz.de/10012971275

A Relation between the Efficient, Transaction and Mid Prices : Disentangling Sources of High Frequency Market Microstructure Noise

Clinet, Simon - 2018

We consider an extension of the Roll model where the trade direction, i.e. whether the trade is buyer or seller initiated, is multiplied by the dynamic quoted half-spread. Employing tick-by-tick maximum likelihood estimation on S&P 500 constituents, we find that the efficient price is quite...

Persistent link: https://www.econbiz.de/10012920906