The Ascent of Market Efficiency : : Finance That Cannot Be Proven / / Simone Polillo.
The Ascent of Market Efficiency weaves together historical narrative and quantitative bibliometric data to detail the path financial economists took in order to form one of the central theories of financial economics—the influential efficient-market hypothesis—which states that the behavior of finan...
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Place / Publishing House: | Ithaca, NY : : Cornell University Press, , [2020] ©2022 |
Year of Publication: | 2020 |
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Polillo, Simone, author. aut http://id.loc.gov/vocabulary/relators/aut The Ascent of Market Efficiency : Finance That Cannot Be Proven / Simone Polillo. Ithaca, NY : Cornell University Press, [2020] ©2022 1 online resource (204 p.) : 7 b&w line drawings, 11 charts text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- Contents -- 1. Introduction: The Data-Method- Theory Triad, or Why Finance Cannot Be Proven -- 2. The Rhetoric of Market Efficiency: How Data Analysis Became Legitimate -- 3. Collaborations and Market Efficiency: The Network of Financial Economics -- 4. Winners and Losers in Financial Economics, or Fama versus Black: How Markets Became Efficient and Equilibrium Was Defeated -- 5. How Financial Economics Got Its Science -- 6. Conclusion: A Network Sociology of Scholarly Affects -- Acknowledgments -- Appendix A -- Appendix B -- Notes -- References -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star The Ascent of Market Efficiency weaves together historical narrative and quantitative bibliometric data to detail the path financial economists took in order to form one of the central theories of financial economics—the influential efficient-market hypothesis—which states that the behavior of financial markets is unpredictable.As the notorious quip goes, a blindfolded monkey would do better than a group of experts in selecting a portfolio of securities, simply by throwing darts at the financial pages of a newspaper. How did such a hypothesis come to be so influential in the field of financial economics? How did financial economists turn a lack of evidence about systematic patterns in the behavior of financial markets into a foundational approach to the study of finance?Each chapter in Simone Polillo's fascinating meld of economics, science, and sociology focuses on these questions, as well as on collaborative academic networks, and on the values and affects that kept the networks together as they struggled to define what the new field of financial economics should be about. In doing so, he introduces a new dimension—data analysis—to our understanding of the ways knowledge advances.There are patterns in the ways knowledge is produced, and The Ascent of Market Efficiency helps us make sense of these patterns by providing a general framework that can be applied equally to other social and human sciences. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 01. Dez 2022) Economics Sociological aspects. Efficient market theory. Knowledge, Sociology of. Business (General). General Economics. Sociology & Social Science. BUSINESS & ECONOMICS / Finance / Financial Engineering. bisacsh Finance, Sociology of Finance, Market theory, big data, intellectual strategy. Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2020 9783110690460 Title is part of eBook package: De Gruyter EBOOK PACKAGE Business and Economics 2020 English 9783110704792 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2020 English 9783110704716 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2020 9783110704518 ZDB-23-DGG Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics 2020 9783110704624 ZDB-23-DBV https://doi.org/10.1515/9781501750397?locatt=mode:legacy https://www.degruyter.com/isbn/9781501750397 Cover https://www.degruyter.com/document/cover/isbn/9781501750397/original |
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English |
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eBook |
author |
Polillo, Simone, Polillo, Simone, |
spellingShingle |
Polillo, Simone, Polillo, Simone, The Ascent of Market Efficiency : Finance That Cannot Be Proven / Frontmatter -- Contents -- 1. Introduction: The Data-Method- Theory Triad, or Why Finance Cannot Be Proven -- 2. The Rhetoric of Market Efficiency: How Data Analysis Became Legitimate -- 3. Collaborations and Market Efficiency: The Network of Financial Economics -- 4. Winners and Losers in Financial Economics, or Fama versus Black: How Markets Became Efficient and Equilibrium Was Defeated -- 5. How Financial Economics Got Its Science -- 6. Conclusion: A Network Sociology of Scholarly Affects -- Acknowledgments -- Appendix A -- Appendix B -- Notes -- References -- Index |
author_facet |
Polillo, Simone, Polillo, Simone, |
author_variant |
s p sp s p sp |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Polillo, Simone, |
title |
The Ascent of Market Efficiency : Finance That Cannot Be Proven / |
title_sub |
Finance That Cannot Be Proven / |
title_full |
The Ascent of Market Efficiency : Finance That Cannot Be Proven / Simone Polillo. |
title_fullStr |
The Ascent of Market Efficiency : Finance That Cannot Be Proven / Simone Polillo. |
title_full_unstemmed |
The Ascent of Market Efficiency : Finance That Cannot Be Proven / Simone Polillo. |
title_auth |
The Ascent of Market Efficiency : Finance That Cannot Be Proven / |
title_alt |
Frontmatter -- Contents -- 1. Introduction: The Data-Method- Theory Triad, or Why Finance Cannot Be Proven -- 2. The Rhetoric of Market Efficiency: How Data Analysis Became Legitimate -- 3. Collaborations and Market Efficiency: The Network of Financial Economics -- 4. Winners and Losers in Financial Economics, or Fama versus Black: How Markets Became Efficient and Equilibrium Was Defeated -- 5. How Financial Economics Got Its Science -- 6. Conclusion: A Network Sociology of Scholarly Affects -- Acknowledgments -- Appendix A -- Appendix B -- Notes -- References -- Index |
title_new |
The Ascent of Market Efficiency : |
title_sort |
the ascent of market efficiency : finance that cannot be proven / |
publisher |
Cornell University Press, |
publishDate |
2020 |
physical |
1 online resource (204 p.) : 7 b&w line drawings, 11 charts |
contents |
Frontmatter -- Contents -- 1. Introduction: The Data-Method- Theory Triad, or Why Finance Cannot Be Proven -- 2. The Rhetoric of Market Efficiency: How Data Analysis Became Legitimate -- 3. Collaborations and Market Efficiency: The Network of Financial Economics -- 4. Winners and Losers in Financial Economics, or Fama versus Black: How Markets Became Efficient and Equilibrium Was Defeated -- 5. How Financial Economics Got Its Science -- 6. Conclusion: A Network Sociology of Scholarly Affects -- Acknowledgments -- Appendix A -- Appendix B -- Notes -- References -- Index |
isbn |
9781501750397 9783110690460 9783110704792 9783110704716 9783110704518 9783110704624 |
callnumber-first |
H - Social Science |
callnumber-subject |
HG - Finance |
callnumber-label |
HG101 |
callnumber-sort |
HG 3101 P656 42021 |
url |
https://doi.org/10.1515/9781501750397?locatt=mode:legacy https://www.degruyter.com/isbn/9781501750397 https://www.degruyter.com/document/cover/isbn/9781501750397/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332 |
dewey-sort |
3332 |
dewey-raw |
332 |
dewey-search |
332 |
doi_str_mv |
10.1515/9781501750397?locatt=mode:legacy |
oclc_num |
1129395015 |
work_keys_str_mv |
AT polillosimone theascentofmarketefficiencyfinancethatcannotbeproven AT polillosimone ascentofmarketefficiencyfinancethatcannotbeproven |
status_str |
n |
ids_txt_mv |
(DE-B1597)539675 (OCoLC)1129395015 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2020 Title is part of eBook package: De Gruyter EBOOK PACKAGE Business and Economics 2020 English Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2020 English Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2020 Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics 2020 |
is_hierarchy_title |
The Ascent of Market Efficiency : Finance That Cannot Be Proven / |
container_title |
Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2020 |
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1770177108921810944 |
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