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020 _a9783111211619
_qprint
020 _a9783111215617
_qEPUB
020 _a9783111215051
_qPDF
024 7 _a10.1515/9783111215051
_2doi
035 _a(DE-B1597)9783111215051
035 _a(DE-B1597)650067
035 _a(OCoLC)1402032690
040 _aDE-B1597
_beng
_cDE-B1597
_erda
072 7 _aBUS069030
_2bisacsh
084 _aonline - DeGruyter
100 1 _aSchotanus, Patrick
_eautore
245 1 4 _aThe Market Mind Hypothesis :
_bUnderstanding Markets and Minds Through Cognitive Economics /
_cPatrick Schotanus.
264 1 _aBerlin ;
_aBoston :
_bDe Gruyter,
_c[2023]
264 4 _c©2023
300 _a1 online resource (LXVII, 426 p.)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tAcknowledgements --
_tForeword --
_tContents --
_tPrologue --
_tIntroduction: Opening a Can of Worms from Pandora’s Box --
_tBackground and Motivation: Mr Market and Me --
_tChapter 1 Setting the Stage: Who Am I? --
_tChapter 2 On Ontology: Am I Evil? --
_tChapter 3 On Theory: Am I Right? --
_tChapter 4 On Epistemology: Am I Lucky? --
_tChapter 5 On Methodology: Am I Healthy? --
_tChapter 6 On Complexity: Am I Emerging? --
_tIntermezzo: Parallels Between Mind and Market. What is Mind? What is Market? --
_tChapter 7 On Discovery: Am I Free? --
_tChapter 8 On Portfolios: Am I Balanced? --
_tChapter 9 On Empiricals: Am I Verifiable? --
_tChapter 10 On the Hard Problem: Am I Conscious? --
_tChapter 11 On the Worst Case: Am I Breaking Down? --
_tChapter 12 On Closure: Farewell and Good Luck --
_tAfterword: The Market Mind Hypothesis and 4E Cognitive Science: A Post- Cognitivist Approach to Cognitive Economics --
_tAbbreviations and Glossary --
_tAppendix 1 Bridging Concepts and Terms --
_tAppendix 2 Research Manifesto --
_tReferences --
_tList of Figures --
_tList of Tables --
_tAbout the Author --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aWhat is economics’ missing link? Recent economic crises have had a devastating impact on society. Worryingly, they gravely risked a collapse of the financial system. These crises also painfully revealed economics’ blind spots. Crucially, economics is not an innocent bystander but central to the problem. In this pioneering book, Patrick Schotanus explains that economics’ mechanical worldview is the ontological error which leads to flawed thinking and faulty practices. The Market Mind Hypothesis (MMH) thus calls it "mechanical economics": it not only erroneously views but also dangerously treats the economy as a machine, the market as an automaton, and its agents as robots. Inspired by heterodox economic and leading cognitive thinkers, this book offers an alternative paradigm. Central to MMH’s psychophysical worldview is the fact that consumers, investors, and other participants are conscious beings and that their minds’ extension makes consciousness a reality in markets, exemplified by market mood. Specifically, denial of the complex mind~matter exchanges as the essence of markets means the extended mind~body problem is economics’ elephant in the room. The book argues that if mechanical economics is the answer, we have been asking the wrong questions. Moreover, we will not solve our economic predicaments by doubling down on the assumption of rationality, nor by identifying yet another behavioural bias. Instead, scholars and students of economics and finance as well as finance practitioners need to investigate—through cognitive economics—the deep links between markets and minds to better understand both. With a foreword by investment strategist Russell Napier, an intermezzo by neuroscientist and complexity pioneer Scott Kelso, and an afterword by 4E cognition philosopher Julian Kiverstein.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 26. Apr 2024)
650 4 _aBewusstsein.
650 4 _aFinanzmarkt.
650 4 _aInvestieren.
650 7 _aBUSINESS & ECONOMICS / Economics / Theory.
_2bisacsh
653 _aCognitive science.
653 _aConsciousness.
653 _aEconomics.
653 _aExtended Mind.
653 _aInvesting.
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9783111215051
856 4 0 _uhttps://www.degruyter.com/isbn/9783111215051
856 4 2 _3Cover
_uhttps://www.degruyter.com/document/cover/isbn/9783111215051/original
942 _cEB
999 _c301824
_d301824