On the methodology of financial economics : a multi-paradigmatic look at bias in the mainstream / Kavous Ardalan (Professor of Finance, School of Management, Marist College, US).

Format:

Book

Author/Creator:

Ardalan, Kavous, author.

Contributor:

Edward Elgar Publishing, publisher.

Language:

English

Subjects (All):

Finance--Methodology.

Finance.

Genre:

Electronic books.

Physical Description:

1 online resource (304 pages)

Place of Publication:

Northampton : Edward Elgar Publishing, 2023.

Summary:

"Utilizing a multi-paradigmatic approach in considering the scientific methodology of mainstream financial economics, and suggesting improvements, this book identifies eleven biases of the scientific methodology of mainstream financial economics. It explores intellectual bias, local bias, fad bias, ideological bias, automaticity bias, confirmation bias, cultural bias, stereotyping bias, under-productivity bias, homogeneity bias, and isolation bias. Applying this approach, which consists of four key paradigms; functionalist, interpretive, radical humanist, and radical structuralist; Kavous Ardalan considers the methodology of mainstream financial economics and identifies these biases, the rectification of which provides a broad and balanced understanding of the multi-faceted subject matter. Generating insightful theories, concepts, and analytical tools, the multi-paradigmatic approach enables a systematic and methodical approach, in the discussion of which Ardalan commences with a foundational philosophical introduction and then applies it to the methodology of financial economics. The book concludes with useful guidance on broadening both teaching and research techniques using this valuable approach in a diverse world. Active scholars and researchers in financial economics and related fields will find this a fascinating alternative read to the more traditional books, alongside those looking for an alternative method of teaching this all-important field"-- Provided by publisher.

Contents:

Contents: Preface

1. Four paradigms

2. Intellectual bias

3. Home bias

4. Fad bias

5. Ideological bias

6. Automaticity bias

7. Confirmation bias

8. Cultural bias

9. Stereotyping bias

10. Under-productivity bias

11. Homogeneity bias

12. Isolation bias

13. Teaching based on a multi-paradigmatic approach

14. Research based on a multi-paradigmatic approach

15. Conclusion to on the methodology of financial economics

Index.

Notes:

Includes bibliographical references and index.

Description based on print record.

ISBN:

9781035311996 (e-book)

Access Restriction:

Restricted for use by site license.