Abstract

http://ssrn.com/abstract=1247783
 
 

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Introducing a New Logical Framework for Modelling Reflexivity in Financial Markets


Arief Daynes


University of Portsmouth - Business School

Panagiotis Andrikopoulos


De Montfort University - Department of Accounting and Finance

Paraskevas Pagas


University of Portsmouth

David Latimer


Portsmouth Business School

August 22, 2008


Abstract:     
The vicious positive and negative feedback loops (vicious reflexivities) that occur in all areas of the social sciences have the same structure as the logical paradoxes of the Liar and Anti-Liar, and of the corresponding Russell and Anti-Russell paradoxes in set theory. In recent decades the logical and set-theoretic paradoxes have been resolved within the new field of paraconsistent mathematics. The paper argues that the vicious reflexivity apparent in the social sciences can be resolved by a similar move. An outline of the paraconsistent mathematics framework adequate for the modelling of social science reflexivities is presented and discussed.

Number of Pages in PDF File: 35

Keywords: reflexivity, behavioural finance, evolutionary game theory, paraconsistent set theory

JEL Classification: C00, G10, G14

working papers series


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Date posted: August 23, 2008  

Suggested Citation

Daynes, Arief and Andrikopoulos, Panagiotis and Pagas, Paraskevas and Latimer, David, Introducing a New Logical Framework for Modelling Reflexivity in Financial Markets (August 22, 2008). Available at SSRN: http://ssrn.com/abstract=1247783 or http://dx.doi.org/10.2139/ssrn.1247783

Contact Information

Arief Daynes (Contact Author)
University of Portsmouth - Business School ( email )
Portsmouth, PO1 3DE
United Kingdom
+44 23 92844182 (Phone)
+44 23 92844037 (Fax)
HOME PAGE: http://www.port.ac.uk/departments/academic/ams/staff/title,1246,en.html
Panagiotis Andrikopoulos
De Montfort University - Department of Accounting and Finance ( email )
The Gateway
LE1 9BH
Leicester
United Kingdom
+44(0)116 250 6331 (Phone)
+44(0)116 251 7548 (Fax)
Paraskevas Pagas
University of Portsmouth ( email )
Department of Accounting and Finance
Portsmouth Business School
Portsmouth, Hants PO1 3DE
United Kingdom
+44(0)23 9284 4721 (Phone)
+44(0)23 9284 4037 (Fax)
David Latimer
Portsmouth Business School ( email )
Portsmouth, PO1 3DE
United Kingdom
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