Trinomial Co-evolution in the Financial Market

Emil Dinga, Camelia Oprean-Stan, Cristina Roxana Tănăsescu, Vasile Brătian and Gabriela-Mariana Ionescu
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Emil Dinga: Romanian Academy
Cristina Roxana Tănăsescu: Lucian Blaga University of Sibiu
Vasile Brătian: Lucian Blaga University of Sibiu
Gabriela-Mariana Ionescu: Romanian Academy

Chapter Chapter 6 in Co-Evolution of Symbolic Species in the Financial Market, 2023, pp 239-306 from Springer

Abstract: Abstract The chapter contains the trinomial preference-information-price model, the authors’ second logical (and quantitative) model of financial market functioning proposed in the book, in addition to the first (binomial information-price model). To that end, debates (including formalizations) are first developed regarding the reaction norms in the trinomial model of the financial market, as well as the concept of synergy (and emergence) in such a model—a proposal of the synergy taxonomy, including the concept of stigmergy, is also provided. The following step is to logically elaborate the very trinomial model preference-information-price by introducing a set of three filters that regulate model functioning and discussing the concepts of entropy and entropic gradient in the financial market. Finally, the chapter formalizes (quantifies) the trinomial preference-information-price in the financial market.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-31698-2_6

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DOI: 10.1007/978-3-031-31698-2_6

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