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Fad bias

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Chapter 4 in On the Methodology of Financial Economics, 2023, pp 164-169 from Edward Elgar Publishing

Abstract: Research fads, which create bubbles in academia, use up resources, and crowd out exploration of competing ideas, and therefore, make research biased, i.e., partial. Academics can stop contributing to such bubbles by being more skeptical and curious. This chapter suggests the use of a multi-paradigmatic approach as a way to overcome this bias.

Keywords: Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2023
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