Get 40% off every eBook in every subject with our back to school sale! Browse now >>

Ethics in Quantitative Finance

A Pragmatic Financial Market Theory

Authors: Johnson, Timothy

  • Systematically explains the ethical underpinnings of the activities of financial markets
  • Blends history, ethics, economics and mathematics
  • Discusses the ethics of financial economics
  • Presents a pragmatic theory that can be immediately applied in practice
see more benefits

Buy this book

eBook £18.99
price for United Kingdom (gross)
  • Due: October 15, 2017
  • ISBN 978-3-319-61039-9
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
Hardcover £24.00
price for United Kingdom (gross)
  • Due: October 15, 2017
  • ISBN 978-3-319-61038-2
  • Free shipping for individuals worldwide
About this book

This book presents an ethical theory for financial transactions that underpins the stability of modern economies. It combines elements from history, ethics, economics and mathematics to show how these combined can be used to develop a pragmatic theory of financial markets.

Written in three sections; section one examines the co-evolution of finance and mathematics in an ethical context by focusing on three periods: pre-Socratic Greece, Western Europe in the thirteenth century and North-western Europe in the seventeenth century to demonstrate how the historical development of markets and finance were critical in the development of European ideas of science and democracy. Section two interprets the evidence presented in section one to provide examples of the norms reciprocity, sincerity and charity and introduce the pragmatic theory. Section three uses the pragmatic theory to interpret recent financial crises, address emergent phenomena and relate the theory to alternative contemporary theories of markets.

Presenting a unique synthesis of mathematical and behavioural approaches to finance this book provides explicit ethical guidance that will be of interest to academics and practitioners alike.

About the authors

Dr Timothy C Johnson is an Assistant Professor in the School of Mathematical & Computer Sciences; Actuarial Mathematics and Statistics at Heriot-Watt University, Scotland. He has a PhD in financial mathematics from King's College London, a BSc in physics from Imperial College, London, and a MSc in financial mathematics from King's College London. Prior to studying for his BSc he worked in the energy industry for 16 years. Timothy joined Heriot-Watt in September 2006 as the UK Research Council's Academic Fellow in Financial Mathematics where he is responsible for trying to explain the science of financial mathematics to the general public. His research interests are in the field of optimal decision making under uncertainty, focusing on optimal stochastic control.

div>

Buy this book

eBook £18.99
price for United Kingdom (gross)
  • Due: October 15, 2017
  • ISBN 978-3-319-61039-9
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
Hardcover £24.00
price for United Kingdom (gross)
  • Due: October 15, 2017
  • ISBN 978-3-319-61038-2
  • Free shipping for individuals worldwide
Loading...

Bibliographic Information

Bibliographic Information
Book Title
Ethics in Quantitative Finance
Book Subtitle
A Pragmatic Financial Market Theory
Authors
Copyright
2017
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-61039-9
DOI
10.1007/978-3-319-61039-9
Hardcover ISBN
978-3-319-61038-2
Edition Number
1
Number of Pages
VIII, 392
Topics