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022 _a03128962
040 _aMSU
_bEnglish
_cMSU
_erda
050 0 0 _aHD31 AUS
100 1 _aGippel, Jennifer K.
_eauthor
245 1 3 _aA revolution in finance?/
_ccreated by Jennifer K. Gippel
264 1 _aLos Angeles :
_bSage,
_c2013.
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aAustralian journal of management
_vVolume 38, number 1,
520 3 _aThis paper investigates the nature of the academic field of finance as it looks in the early 21st century. Using Kuhn’s structure of scientific revolutions as a framework, the paper examines the development of the field over the last 50 years with particular emphasis on intellectual shifts in the last decade: shifts emanating from cross-disciplinary research that are manifesting in approaches at odds with the traditional rational expectations paradigm. These approaches are based on previously disparate fields, such as psychology, neuroscience, evolutionary biology, and sociology. By critically examining the nature of the new approaches, the article determines whether they indeed offer ‘alternative’ paradigms as claimed. In light of the variation of these new approaches, the paper also makes a case for finance to engage more meaningfully in dialogue on epistemological issues and engage in self-appraisal as a force for change and innovation.
650 _aAdaptive market hypothesis
_vBehavioural finance
_xEvolutionary finance
856 _uhttps://doi.org/10.1177/0312896212461034
942 _2lcc
_cJA
999 _c168423
_d168423