Financial Theory has a Paradigm a la Kuhn? A Preliminary Exploration of Financial Epistemology (Tiene la Teoría Financiera nn Paradigma a la Kuhn? Una Exploración Preliminar de Epistemología Financiera) (Spanish)

18 Pages Posted: 21 Feb 2010 Last revised: 24 Feb 2010

See all articles by Fernando Estrada

Fernando Estrada

Universidad Externado de Colombia - Facultad de Finanzas, Gobierno y Relaciones Internacionales

Date Written: February 21, 2010

Abstract

This article aims to discuss two issues relatively linked. The first is an evaluation of the concept of paradigm of T. Kuhn in his representative work: The Structure of Scientific Revolutions ERC, [Ku96] and the complementary version by W. Stegmüller, Structure and dynamics of theories EDT, [Steg83]. This refined interpretation of the concept of paradigm allows for a more complete set of central Kuhnian concept. The second objective is to analyze the scope of the Kuhnian concept of models to evaluate financial explanation. Is explored preliminarily proposed fractal models/multifractal (F/M) of Mandelbrot [Mand97, 82, 02, 05]. This second goal just answered the question analyzed in the field of philosophy of science: Financial theory has a paradigm a la Kuhn?

Note: downloadable document is in Spanish

Keywords: Paradigm, Financial, Kuhn, Economics, Mandelbrot, Stegmüller, Epistemology

JEL Classification: A1, B4, B41, D6, D84, G00, G1, N2, Z1, Z10

Suggested Citation

Estrada, Fernando, Financial Theory has a Paradigm a la Kuhn? A Preliminary Exploration of Financial Epistemology (Tiene la Teoría Financiera nn Paradigma a la Kuhn? Una Exploración Preliminar de Epistemología Financiera) (Spanish) (February 21, 2010). Available at SSRN: https://ssrn.com/abstract=1556530 or http://dx.doi.org/10.2139/ssrn.1556530

Fernando Estrada (Contact Author)

Universidad Externado de Colombia - Facultad de Finanzas, Gobierno y Relaciones Internacionales ( email )

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Colombia
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