Description: Further DetailsTitle: The Market Mind HypothesisCondition: NewFormat: PaperbackSubtitle: Understanding Markets and Minds Through Cognitive EconomicsISBN-10: 3111211614EAN: 9783111211619ISBN: 9783111211619Publisher: De GruyterRelease Date: 10/04/2023Description: What is economics’ missing link? Recent economic crises have had a devastating impact on society. Worryingly, they gravely risked a collapse of the financial system. These crises also painfully revealed economics’ blind spots. Crucially, economics is not an innocent bystander but central to the problem. In this pioneering book, Patrick Schotanus explains that economics’ mechanical worldview is the ontological error which leads to flawed thinking and faulty practices. The Market Mind Hypothesis (MMH) thus calls it "mechanical economics": it not only erroneously views but also dangerously treats the economy as a machine, the market as an automaton, and its agents as robots. Inspired by heterodox economic and leading cognitive thinkers, this book offers an alternative paradigm. Central to MMH’s psychophysical worldview is the fact that consumers, investors, and other participants are conscious beings and that their minds’ extension makes consciousness a reality in markets, exemplified by market mood. Specifically, denial of the complex mind matter exchanges as the essence of markets means the extended mind body problem is economics’ elephant in the room. The book argues that if mechanical economics is the answer, we have been asking the wrong questions. Moreover, we will not solve our economic predicaments by doubling down on the assumption of rationality, nor by identifying yet another behavioural bias. Instead, scholars and students of economics and finance as well as finance practitioners need to investigate—through cognitive economics—the deep links between markets and minds to better understand both. With a foreword by investment strategist Russell Napier, an intermezzo by neuroscientist and complexity pioneer Scott Kelso, and an afterword by 4E cognition philosopher Julian Kiverstein. Language: EnglishCountry/Region of Manufacture: DEItem Height: 240mmItem Length: 170mmItem Weight: 830gAuthor: Patrick SchotanusGenre: Language & ReferenceType: EducationTopic: Business & FinanceRelease Year: 2023 Missing Information?Please contact us if any details are missing and where possible we will add the information to our listing.
Price: 44.37 USD
Location: 60502
End Time: 2024-12-11T19:17:40.000Z
Shipping Cost: 0 USD
Product Images
Item Specifics
Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money back or replacement (buyer's choice)
Book Title: The Market Mind Hypothesis
Title: The Market Mind Hypothesis
Subtitle: Understanding Markets and Minds Through Cognitive Economics
ISBN-10: 3111211614
EAN: 9783111211619
ISBN: 9783111211619
Release Date: 10/04/2023
Release Year: 2023
Country/Region of Manufacture: DE
Item Height: 240mm
Genre: Language & Reference
Topic: Business & Finance
Number of Pages: 493 Pages
Language: English
Publication Name: Market Mind Hypothesis : Understanding Markets and Minds Through Cognitive Economics
Publisher: DE Gruyter Gmbh, Walter
Publication Year: 2023
Subject: Investments & Securities / Commodities / General, Finance / General, Economics / General, Economics / Theory
Item Weight: 29.3 Oz
Type: Textbook
Subject Area: Business & Economics
Item Length: 9.4 in
Author: Patrick Schotanus
Item Width: 6.7 in
Format: Trade Paperback
