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International Studies in Phenomenology and Philosophy

Book | Chapter

198742

Theoretical models as creative resources in financial markets

Ekaterina Svetlova

pp. 121-135

Abstract

Does it make sense to talk about creativity in financial markets? At first glance, the title of the article might appear paradoxical. Financial markets are considered to be a place where rationality governs. Economic agents behave rationally as they maximize their utility; they choose the action that helps them most to pursue defined goals. Financial market participants are just such rational agents; they follow strict rules, and their behavior is unambiguously determined and thus calculable and predictable. What is the reason then to talk about creativity in this supposedly most rational field of economic life?

Publication details

Published in:

Jansen Stephan A., Schröter Eckhard, Stehr Nico (2009) Rationalität der Kreativität?: Multidisziplinäre Beiträge zur Analyse der Produktion, Organisation und Bildung von Kreativität. Wiesbaden, Verlag für Sozialwissenschaften.

Pages: 121-135

DOI: 10.1007/978-3-531-91680-4_7

Full citation:

Svetlova Ekaterina (2009) „Theoretical models as creative resources in financial markets“, In: S. A. Jansen, E. Schröter & N. Stehr (eds.), Rationalität der Kreativität?, Wiesbaden, Verlag für Sozialwissenschaften, 121–135.