Economic and Financial Market Behaviour: The Autopoietic Market Hypothesis

Acknowledgement
Contents
List of Figures
List of Tables
Chapter 1: Social Selection in the Financial Market: Preliminary Issues
	Elements of Social Selection in the Financial Market
		The General Concept of Social Selection
			Preamble
			Social Selection Versus Natural Selection
				How the Current Hypothesis in the Financial Field Call the Concept of Social Selection?
				What Social Selection Is It?
				Predicates of Sufficiency of Social Selection
				Social Fitness
				Similarities and Differences Between Social Selection and Natural Selection
				The Relationship Between Social Selection and Natural Selection
			Formal Selection Versus Functional Selection
				Formal and Functional in Natural Selection
				Formal and Functional in Social Selection
					Formal Aspects of Social Selection
					Functional Aspects of Social Selection
						The Court of Institutional Social Fitness
						The Court of Performative Social Fitness
			Directed Selection Versus Projected56 Selection
			Cumulative Selection Versus Saltationist Selection
			Ethics and Morals in Social Selection
				Conceptual Elements Regarding Ethics and Morals
				Impact of Ethics/Morals in the Social Selection
		Social Selection and Typology of Change
	References
Chapter 2: Social Selection in the Financial Market: Logical Mechanism
	General Mechanism of Social Selection
		Preamble
		Forming and Variation of the Social Fitness
		Signification of the Sufficiency Predicates of Social Fitness
	Selection of Social Fitness
		General Considerations
		The Mechanism of Social Fitness Formation/Variation
		The Mechanism of Social Fitness Selection
	Financial Market Models and Financial Fitness
		Financial Market Models
			Behavioural/Impact Models55
			Functional/Evolutionary Models
		Financial Fitness
			The Concept of Financial Fitness
				The Concept of Performative Depth of Financial Fitness
				Measuring Performative Depth: A Topological View
			Typology of Financial Fitness
				Financial Fitness Classification Criteria
				Financial Fitness Classes
				‘Assigning’ Financial Fitness Classes to Financial Models
	References
Chapter 3: Autopoietic Market Hypothesis: The Concept of Autopoiesis
	Autopoiesis—A Propaedeutic
		The Concept of Biological/Natural Living
			Basic Considerations
			The Nature of BLS
		The Concept of Logical/Symbolic Living
			Basic Considerations
			The Nature of LLS
		Autopoiesis and Autopoieticity
			Short History
			The Conceptual Family of Autopoieticity70
				Every Sustainable System Contains at Least One Sustainable Subsystem
				A System That Contains Only Sustainable Subsystems Is Sustainable
				A System That Contains Only Unsustainable Subsystems Can Be Either Sustainable Or Unsustainable
			The Logical Conditions of Autopoieticity
				The Predicates of Sufficiency for Autopoieticity
					The Behaviour of an Autopoietic System Is a Function of Its Functionality
					Any Autopoietic System Is a Sustainable System
					A Set of Autopoietic Systems Always Form an Autopoietic Supersystem
		Autopoiesis and Autopoieticity in the Financial Market
			The Genesis of Autopoietic Systems
				Membranation
					The Concept of Membranation
				Autopoiesis
					Beta-autopoiesis
					Gamma-autopoiesis
			Some Conceptual Correlations of Autopoieticity
				Autopoieticity and Automatic Stabilizers
					About Automatic Stabilizers120
					Relationship Between Autopoieticity and Automatic Stabilizers
				Autopoieticity and Behavioural Entropy
					A General Framework
					The Relationship Between Autopoieticity and Behavioural Entropy
				Autopoieticity and Constructal Law
					The Concept of Constructal Law
					Relationship Between Autopoiesis and Construction Law
						(b1) Similarities
						(b2) Differences
						(b3) Structural–Functional Relationships
				Autopoieticity and Minimal Entropic Interaction
					The Concept of Minimal Entropic Interaction Law
					Relationship Between Autopoieticity and Minimal Entropic Interaction
				Autopoieticity and Network
					The Concept of Network
					Relationship Autopoieticity—Network
	Notes
	References
Chapter 4: Autopoietic Market Hypothesis: The Financial Autopoiesis
	Autopoietic Selection in the Financial Market
		Autopoietic Mutation in the Financial Market
			The Possibility/Necessity of the Autopoietic Mutation
			Autopoietic Mutation Mechanism
			Genetic Autopoietic Mutation Versus Epigenetic Autopoietic Mutation
			Classes of Autopoietic Mutations
			Theoretical Rationality and Practical Rationality in Autopoietic Mutation
		Autopoietic Selection
			The Concept of Autopoietic Selection in the Financial Market
				Autopoietic Selection at the Level of the Trading Strategy
				Autopoietic Selection at the Level of Individual Transaction
			Gradualism and Saltationism in Autopoietic Selection
			Autopoiesis and Self-Selection
				The Concept of Self-Selection
				Logical Relationship Autopoiesis – Self-Selection
	Designing of the Autopoietic Model al the Financial Market
		General Framework of Research
	The Concept of Integral Utility
		Motivation
		Rationality and Intelligibility, Again
		Explanation, Comprehension/Understanding and Complexity
		Symbolic Utility in Literature
		Utility and the Representational Models
		Conceptual Ground of Symbolic Utility
			Social Capital
			Symbolic Utility
			Phenomenology of Praxiological Representational Models
			Optimality Versus Sustainability in Economic Behaviour
			Structure of the Integral Utility
			A Transformation Operator
		Sustainability, Social Capital and Symbolic Utility
			Symbolic Utility and Adaptive Preferences
	The Logical Model of the Autopoietic Financial Market
		The Fundamental Principle
			General Meanings of the Basic Principle
			Comparative Meanings of the Fundamental Principle
		The Paradigmatic Structure
			Methodological Framework
			Assessment
				Institutional (Structural) Criterion
				Conservative (Homeostatic) Criterion
				Regulative (Homeorhesic) Criterion
		Functionality
			APMH Components
			APMH Functionality
		Behaviour
			APMH Environment
			APMH Behaviour
	References
Chapter 5: Autopoietic Market Hypothesis—The Mechanism
	Autopoietic Mechanism
		Genotype
		Phenotype
		Mutation
			Genetic Mutation
			Epigenetic Mutation
		Fitness
		Selection
			Autonomous Selection
			Normative Selection
			Performative Selection
		Transcription and Translation
			Transcription
				Transcription Process
				Transcription Errors
			Translation
				Translation Process
				Translation Errors
		Evolution—General Framework
		Evolution—Autopoietic Individuation and Speciation
			Autopoietic Individuation
			Autopoietic Speciation
			Sympatric Speciation
			Allopatric Speciation
			Induced Speciation
		Self-Organization
			The Concept of Financial Self-organization
			Financial Self-organization
			Financial Dissipativity
			The Mechanism of Financial Self-organization
		Antifragility
			Financial Perturbations/Disturbances
			Autopoietic Financial Antifragility
		Financial Autopoietic Chreode
			Some Conceptual Precautions
			The Financial Autopoietic Chreodic Process
				The Need for Financial Chreode
				Autopoietic Causality/Causation in the Financial Chreode
				The Mechanism of the Chreodic Autopoietic Financial Process
					General Aspects
					Structural/Functional Aspects
	References
Index