Finance and science

Guy Fraser-Sampson
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Guy Fraser-Sampson: Cass Business School

Chapter Chapter 13 in The Pillars of Finance, 2014, pp 178-191 from Palgrave Macmillan

Abstract: Abstract In examining the relationship between science and finance it would be helpful if we could first answer the question ‘what is science?’, since until we can do this we have no real frame of reference. Fortunately we have a lot of help here from one of the greatest modern philosophers, Karl Popper, who did his early work in the intellectual hot-bed of Vienna between the two World Wars. In his book The Logic of Scientific Discovery 1 published originally in German in 1934, he addressed this very question. What is ‘science’? What makes one approach or area of study ‘scientific’, and another not?

Keywords: Nobel Prize; Black Scholes Model; Scientific Rule; Finance World; Stephen Hawking (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-26406-0_13

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DOI: 10.1057/9781137264060_13

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