In Signed path dependence in financial markets: Applications and implications, computer scientist and academic Fabio Dias delves into cutting-edge techniques at the intersection of machine learning, time series analysis, and finance. This comprehensive guide bridges theory and application, offering readers insights into predictive modeling, algorithmic trading, and the nuanced dynamics of option pricing. Dias combines rigorous econometric methods with hands-on machine learning approaches, presenting a toolkit for anyone looking to leverage data-driven insights to navigate and predict complex financial markets. An essential read for practitioners, researchers, and students of financial engineering and quantitative finance.

Is economics always self-corrective? Do erroneous theorems permanently disappear from the market of economic ideas? Intellectual Path Dependence in Economics argues that errors in economics are not always corrected. Although economists are often critical and open-minded, unfit explanations are nonetheless able to reproduce themselves. The problem is that theorems sometimes survive the intellectual challenges in the market of economic ideas even when they are falsified or invalidated by criticism and an abundance of counter-evidence. A key question which often gets little or no attention is: why do economists not reject theories when they have been refuted by evidence and falsified by philosophical reasoning? This book explores the answer to this question by examining the phenomenon of intellectual path dependence in the history of economic thought. It argues that the key reason why economists do not reject refuted theories is the epistemic costs of starting to use new theories. Epistemic costs are primarily the costs of scarcity of the most valued element in academic production: time. Epistemic scarcity overwhelmingly dominates the evolution of scientific research in such a way that when researchers start off a new research project, they allocate time between replicable and un-replicable research. This book is essential reading for anyone interested in the methodology, philosophy and history of economics.

Pioneering work on an important new approach to economics.

The editors, aware of the recent work in evolutionary theory and the science of chaos and complexity, challenge the sometimes deterministic flavor of this subject. They are interested in uncovering the place of agency in these theories that take history so seriously. In the end, they are as interested in path creation and destruction as they are in path dependence. This book is compiled of both theoretical and empirical writings. It shows relatively well-known industries, such as the automobile, biotechnology, and semi-conductor industries in a new light. It also invites the reader to learn more about medical practices, wind power, lasers, and synthesizers. Primarily written for academicians, researchers, and Ph.D. students in fields related to technology management, this book is research-oriented and will appeal to all managers.

The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories. - Describes the usefulness of complex heterodox economics - Emphasizes divergences and convergences with neoclassical economic theories and perspectives - Fits easily into courses on intermediate microeconomics, industrial organization, and games through self-contained chapters

Implementing the Circular Economy for Sustainable Development presents the concept of the circular economy with the goal of understanding its present status and how to better implement it, particularly through environmental policies. It first tackles the definition of a circular economy in the context of sustainability and the differences in defining the concept across disciplines, including its fallibilities and practical examples. It then goes on to discuss the implementation of a circular economy, including the increasing variety of technological, mechanical, and chemical procedures to contend with and the need for stakeholder support in addition to improved business models. The second half of the book, therefore, presents tools, approaches, and practical examples of how to shape environmental policy to successfully implement a circular economy. It analyzes deficiencies of current regulations and lays the groundwork for the design of integrated environmental policies for a circular economy. Authored by an expert in environmental economics with decades of experience, Implementing the Circular Economy for Sustainable Development is a timely, practical guide for sustainability researchers and policymakers alike to move more efficiently toward a circular economy and sustainable development. - Presents a clear view of the critical components, features, and issues of a circular economy - Discusses a variety of practical examples from current policies in the context of a circular economy to better understand the challenges associated with its implementation - Analyzes strengths and weaknesses of current environmental policies and their interactions with innovations in engineering and science

This pathbreaking book shows how credit markets functioned in Paris, through the agency of notaries, during a critical period of French history. Its authors challenge the usual assumption that organized financial markets—and hence the opportunity for economic growth—did not emerge outside of England and the Netherlands until the nineteenth century. Drawing on innovative research, the authors show that as early as the Old Regime, financial intermediaries in France were mobilizing a great tide of capital and arranging thousands of loans between borrowers and lenders. The implications for historians and economists are substantial. The role of notaries operating in Paris that Priceless Markets uncovers has never before been recognized. In the wake of this pathbreaking new study, historians will also have to rethink the origins of the French Revolution. As the authors show, the crisis of 1787-88 did not simply ignite revolt; it was intimately bound up in an economic struggle that reached far back into the eighteenth century, and continued well into the 1800s.