Market crashes as critical phenomena? Explanation, idealization, and universality in econophysics.
We study the Johansen-Ledoit-Sornette (JLS) model of financial market crashes (Johansen et al. in Int J Theor Appl Financ 3(2):219-255, 2000). On our view, the JLS model is a curious case from the perspective of the recent philosophy of science literature, as it is naturally construed as a “minimal...
| Publicado en: | Synthese Vol. 195; no. 10; pp. 4477 - 4506 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Springer Nature
Oct2018
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=133269571&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 133269571 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00397857 4LI jtl: Synthese issn: 00397857 maglogo: N pubinfo: dt: Oct2018 vid: 195 iid: 10 pid: 237 pub: Springer Nature artinfo: ui: 133269571 10.1007/s11229-017-1415-y ppf: 4477 ppct: 29 formats: fmt: – @attributes: type: T – @attributes: type: P size: 802KB tig: atl: Market crashes as critical phenomena? Explanation, idealization, and universality in econophysics. aug: au: Jhun, Jennifer Palacios, Patricia Weatherall, James Owen affil: Department of Philosophy, Lake Forest College, Lake Forest, IL, USA Munich Center for Mathematical Philosophy, Ludwig-Maximilians Universität München, Munich, Germany Department of Logic and Philosophy of Science, University of California, Irvine, Irvine, CA, USA su: Financial crises Néron models Econophysics Universalism (Philosophy) Explanation sug: subj: Financial crises Néron models Econophysics Universalism (Philosophy) Explanation keyword: Infinite idealization Johansen-Ledoit-Sornette model Minimal models Renormalization group Universality ab: We study the Johansen-Ledoit-Sornette (JLS) model of financial market crashes (Johansen et al. in Int J Theor Appl Financ 3(2):219-255, 2000). On our view, the JLS model is a curious case from the perspective of the recent philosophy of science literature, as it is naturally construed as a “minimal model” in the sense of Batterman and Rice (Philos Sci 81(3):349-376, 2014) that nonetheless provides a causal explanation of market crashes, in the sense of Woodward’s interventionist account of causation (Woodward in Making things happen: a theory of causal explanation. Oxford University Press, Oxford, 2003). pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Synthese is a copyright of Springer, 2018. All Rights Reserved. item: Synthese holder: Springer Nature dt: @attributes: year: 2018 holdings: @attributes: islocal: N |
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