The view from inside maintains that not only to study and understand, but also to profit from financial markets, it is necessary to get as much knowledge as possible about their internal ‘structure’ and machinery. This view maintains that in order to solve the problems posed by finance, or at least a large part of them, we need first of all a qualitative analysis. Rules, laws, institutions, regulators, the behavior and the psychology of traders and investors are the key elements to the understanding of finance, and stock markets in particular. Accordingly, data and their mathematical analysis are not the crucial elements, since data are the output of a certain underlying structure of markets and their actors. The underlying structure is the ultimate object of the inquiry. This chapter examines how the view from inside raises, and deals with, critical issues such as markets failure, information disclosure, and regulation (Sect. 2), the notion of data (Sect. 3), performativity (Sect. 4), and the study of micro-structures (Sect. 5).

Methods and finance. A view from inside / Ippoliti, Emiliano. - STAMPA. - (2017), pp. 121-128. [10.1007/978-3-319-49872-0_7].

Methods and finance. A view from inside

IPPOLITI, Emiliano
2017

Abstract

The view from inside maintains that not only to study and understand, but also to profit from financial markets, it is necessary to get as much knowledge as possible about their internal ‘structure’ and machinery. This view maintains that in order to solve the problems posed by finance, or at least a large part of them, we need first of all a qualitative analysis. Rules, laws, institutions, regulators, the behavior and the psychology of traders and investors are the key elements to the understanding of finance, and stock markets in particular. Accordingly, data and their mathematical analysis are not the crucial elements, since data are the output of a certain underlying structure of markets and their actors. The underlying structure is the ultimate object of the inquiry. This chapter examines how the view from inside raises, and deals with, critical issues such as markets failure, information disclosure, and regulation (Sect. 2), the notion of data (Sect. 3), performativity (Sect. 4), and the study of micro-structures (Sect. 5).
2017
Methods and Finance. A Unifying View on Finance, Mathematics and Philosophy
978-3-319-49871-3
finance; mathematics; philosophy; stock markets
02 Pubblicazione su volume::02a Capitolo o Articolo
Methods and finance. A view from inside / Ippoliti, Emiliano. - STAMPA. - (2017), pp. 121-128. [10.1007/978-3-319-49872-0_7].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/924245
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