Financial Market Analysis and Behaviour

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.