Abstract

http://ssrn.com/abstract=1216660
 
 

Citations (1)



 
 

Footnotes (33)



 


 



Randomness and Complexity in Social Explanation: Evidence from Finance and Bankruptcy Law


Bernard Trujillo


Valparaiso University Law School

August, 11 2008

Valparaiso University Legal Studies Research Paper No. 08-08
Georgia State University Law Review, 2008

Abstract:     
This Article examines randomness as a mechanism of social explanation, and compares randomness to alternative explanations emerging from the science of complex systems. The Article establishes definitions of randomness and examines the uses of randomness in the quantitative modeling of social phenomena. Using examples from ecology, finance (especially Mandelbrot's critique of standard financial models), and bankruptcy law, the Article argues that complexity alternatives to randomness are explanatory and may be a rich field for further research in legal systems.

Number of Pages in PDF File: 18

Keywords: chaos, self-organizing systems, critical systems, complexity, random, quantitative modeling, Brownian, social explanation, Gaussian, bankruptcy, nonlinear, finance, Mandelbrot, efficient capital markets hypothesis, informal ordering, fractal

Accepted Paper Series


Download This Paper

Date posted: August 11, 2008  

Suggested Citation

Trujillo, Bernard, Randomness and Complexity in Social Explanation: Evidence from Finance and Bankruptcy Law (August, 11 2008). Valparaiso University Legal Studies Research Paper No. 08-08; Georgia State University Law Review, 2008. Available at SSRN: http://ssrn.com/abstract=1216660

Contact Information

Bernard Trujillo (Contact Author)
Valparaiso University Law School ( email )
656 S. Greenwich St.
Valparaiso, IN 46383-6493
United States
Feedback to SSRN


Paper statistics
Abstract Views: 496
Downloads: 113
Download Rank: 138,392
Citations:  1
Footnotes:  33

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo3 in 0.437 seconds