Advertisement

Ethics in Quantitative Finance

A Pragmatic Financial Market Theory

  • Timothy Johnson

Table of contents

  1. Front Matter
    Pages i-viii
  2. Timothy Johnson
    Pages 1-7
  3. Timothy Johnson
    Pages 9-31
  4. Timothy Johnson
    Pages 33-54
  5. Timothy Johnson
    Pages 79-101
  6. Timothy Johnson
    Pages 127-148
  7. Timothy Johnson
    Pages 195-220
  8. Timothy Johnson
    Pages 221-244
  9. Back Matter
    Pages 295-339

About this book

Introduction

This book presents an ethical theory for financial transactions that underpins the stability of modern economies. It combines elements from history, ethics, economics and mathematics to show how these combined can be used to develop a pragmatic theory of financial markets.

Written in three sections; section one examines the co-evolution of finance and mathematics in an ethical context by focusing on three periods: pre-Socratic Greece, Western Europe in the thirteenth century and North-western Europe in the seventeenth century to demonstrate how the historical development of markets and finance were critical in the development of European ideas of science and democracy. Section two interprets the evidence presented in section one to provide examples of the norms reciprocity, sincerity and charity and introduce the pragmatic theory. Section three uses the pragmatic theory to interpret recent financial crises, address emergent phenomena and relate the theory to alternative contemporary theories of markets.

Presenting a unique synthesis of mathematical and behavioural approaches to finance this book provides explicit ethical guidance that will be of interest to academics and practitioners alike.

Keywords

Applied mathematics Financial ethics Financial crisis Quantitative finance Financialisation Money Greek mathematics History of finance Financial mathematics

Authors and affiliations

  • Timothy Johnson
    • 1
  1. 1.Department of Actuarial Mathematics and StatisticsHeriot-Watt UniversityEdinburghUnited Kingdom

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-61039-9
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2017
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-61038-2
  • Online ISBN 978-3-319-61039-9
  • Buy this book on publisher's site