Hans-Michael Geiger- Informational Efficiency in Speculative Markets- A Theoretical Investigation

The purpose of this work is to provide a critical presentation and some extensions of two perspectives of informational efficiency: On the one hand the neoclassical perspective or «arithmomorphic approach» explains efficiency in terms of a concept mainly based on an explicit economic theory. On the...

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collection Directory of Open Access Books
description The purpose of this work is to provide a critical presentation and some extensions of two perspectives of informational efficiency: On the one hand the neoclassical perspective or «arithmomorphic approach» explains efficiency in terms of a concept mainly based on an explicit economic theory. On the other hand, in the Austrian perspective or «causal genetic approach» attention is drawn to the entrepreneurial element of human decision making related to an arbitrage theory of profit which is not traced back to anonymous market forces but rather to incessant discovery of information guided by entrepreneurial alertness.
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institution Directory of Open Access Books
language eng
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publishDateRange 2021
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publisherStr Peter Lang International Academic Publishers
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spelling doab-20.500.12854ir-396332025-02-13T11:13:08Z Hans-Michael Geiger- Informational Efficiency in Speculative Markets- A Theoretical Investigation Efficiency Geiger Hans INFORM Informational Investigation Markets Michael Speculative Theoretical thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCK Behavioural economics The purpose of this work is to provide a critical presentation and some extensions of two perspectives of informational efficiency: On the one hand the neoclassical perspective or «arithmomorphic approach» explains efficiency in terms of a concept mainly based on an explicit economic theory. On the other hand, in the Austrian perspective or «causal genetic approach» attention is drawn to the entrepreneurial element of human decision making related to an arbitrage theory of profit which is not traced back to anonymous market forces but rather to incessant discovery of information guided by entrepreneurial alertness. 2021-02-10T12:58:18Z 2019-01-10 23:55 2020-01-15 14:16:17 2020-04-01T11:21:17Z 2018 book 1003295 OCN: 1082957253 http://library.oapen.org/handle/20.500.12657/26753 9783631755723 https://directory.doabooks.org/handle/20.500.12854/39633 eng Allokation im marktwirtschaftlichen System open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/26753/1/1003295.pdf https://library.oapen.org/bitstream/20.500.12657/26753/1/1003295.pdf https://library.oapen.org/bitstream/20.500.12657/26753/1/1003295.pdf https://library.oapen.org/bitstream/20.500.12657/26753/1/1003295.pdf https://library.oapen.org/bitstream/20.500.12657/26753/1/1003295.pdf Peter Lang International Academic Publishers 10.3726/b14075 10.3726/b14075 44a712f0-ee17-4c08-a667-46effed595e7 9783631755723 238 Bern open access
spellingShingle Efficiency
Geiger
Hans
INFORM
Informational
Investigation
Markets
Michael
Speculative
Theoretical
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCK Behavioural economics
Hans-Michael Geiger- Informational Efficiency in Speculative Markets- A Theoretical Investigation
title Hans-Michael Geiger- Informational Efficiency in Speculative Markets- A Theoretical Investigation
title_full Hans-Michael Geiger- Informational Efficiency in Speculative Markets- A Theoretical Investigation
title_fullStr Hans-Michael Geiger- Informational Efficiency in Speculative Markets- A Theoretical Investigation
title_full_unstemmed Hans-Michael Geiger- Informational Efficiency in Speculative Markets- A Theoretical Investigation
title_short Hans-Michael Geiger- Informational Efficiency in Speculative Markets- A Theoretical Investigation
title_sort hans michael geiger informational efficiency in speculative markets a theoretical investigation
topic Efficiency
Geiger
Hans
INFORM
Informational
Investigation
Markets
Michael
Speculative
Theoretical
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCK Behavioural economics
topic_facet Efficiency
Geiger
Hans
INFORM
Informational
Investigation
Markets
Michael
Speculative
Theoretical
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCK Behavioural economics
url 1003295