{"id":105,"date":"2021-11-27T22:18:40","date_gmt":"2021-11-27T22:18:40","guid":{"rendered":"https:\/\/grants.ulbsibiu.ro\/papnpf\/?page_id=105"},"modified":"2021-11-28T00:15:09","modified_gmt":"2021-11-28T00:15:09","slug":"objectives","status":"publish","type":"page","link":"https:\/\/grants.ulbsibiu.ro\/papnpf\/?page_id=105&lang=en","title":{"rendered":"Objectives"},"content":{"rendered":"

I. Main objectives<\/strong><\/p>\n

(OP1) developing the adaptive preference mechanism to integrate the information available in the market<\/p>\n

Relevance to the project: this objective is at the core of the research as it proposes a solution to a problem not yet satisfactorily solved even in AMH, let alone EMH – the mechanism by which available information is integrated by the market, a mechanism based on the concept of adaptive preference;<\/p>\n

(OP2) development of a (logical and quantitative) model of price-information-preference co-evolution (PIP modelling)<\/p>\n

Relevance to the project: this is the objective that underpins, beyond AMH, the co-evolutionary process that characterises, in the background, the emergence and functioning of the generic financial market;<\/p>\n

(OP3) developing the autopoietic financial market model<\/p>\n

Relevance to the project: this objective refers to the main conceptual innovation of the project, namely the proposal of an autopoietic model of the financial market (such a model, obviously, is not currently proposed in the literature – for the case of the economic firm there is the proposal of Sidney Winter and Richard Nelson, and for sociology, there is the model proposed by Niklas Luhmann).<\/p>\n

(OP4) Development of the (logical and quantitative) model of the natural (self-sustaining) price on the fine market.<\/p>\n

Relevance to the project: it concerns the derivation of the natural (or sustainable) price of the financial market, based on the mathematical condition of sustainability, not optimality (extremization), using the co-evolutionary model of the financial market<\/p>\n

II. Related (derived) objectives<\/strong><\/p>\n

a. of a conceptual nature<\/p>\n

(OC1) formulate an informed opinion on the scientificity (i.e. factual testability, in Popper’s sense) of the standard EMH hypothesis (the issue is addressed, relatively disparately, in the literature);<\/p>\n

b. methodological<\/p>\n

(OC2) formulate an informed opinion on the possibility of using Lotka-Voltera (predator-prey) equations in modelling the “tripartite” co-evolution: information-price-preference in the financial market (sporadically, in the AMH hypothesis, the problem is reached);<\/p>\n

c. of an instrumental nature<\/p>\n

(OC3) formulate a reasoned view on the possibility of using interval mathematics (not discrete mathematics – interval mathematics maintains continuity, so it is in the crowd of real numbers) in the formalism required by the co-evolutionary model, i.e. the autopoietic hypothesis of the financial market (such an approach does not exist in the literature).<\/p>\n

III. Follow-up objectives<\/strong><\/p>\n

(OF1) writing\/publication of a minimum of six articles (red and yellow zone, WoS magazines)<\/p>\n

(OF2) drafting a research grant applicable for national or international funding.<\/p>\n","protected":false},"excerpt":{"rendered":"

I. Main objectives (OP1) developing the adaptive preference mechanism to integrate the information available in the market Relevance to the project: this objective is at the core of the research as it proposes a solution to a problem not yet satisfactorily solved even in AMH, let alone EMH – the<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/grants.ulbsibiu.ro\/papnpf\/index.php?rest_route=\/wp\/v2\/pages\/105"}],"collection":[{"href":"https:\/\/grants.ulbsibiu.ro\/papnpf\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/grants.ulbsibiu.ro\/papnpf\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/grants.ulbsibiu.ro\/papnpf\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/grants.ulbsibiu.ro\/papnpf\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=105"}],"version-history":[{"count":4,"href":"https:\/\/grants.ulbsibiu.ro\/papnpf\/index.php?rest_route=\/wp\/v2\/pages\/105\/revisions"}],"predecessor-version":[{"id":155,"href":"https:\/\/grants.ulbsibiu.ro\/papnpf\/index.php?rest_route=\/wp\/v2\/pages\/105\/revisions\/155"}],"wp:attachment":[{"href":"https:\/\/grants.ulbsibiu.ro\/papnpf\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}