Financial Evolution and Interdisciplinary Research

Abstract

This paper (summary of the second chapter of the manuscript “quantum dance”) talks about the multidimensionality of finance through evolution, philosophy with interdisciplinary features (interweaving of neuroscience, mathematics, quantum physics, biology and artificial intelligence). The path of global financial systems that is dependent on emergency infusions, which in medical terms means that the solution is in the operation of the system itself and perhaps a new global finance, quantum finance? (“Economists aren’t trained in money: just imagine the chaos if physicists weren’t trained in gravity”) and financial decision-making. Evolutionary ideas have a long history in the social sciences dating back to Malthus, who played an inspirational role for Darwin (Hodgson, 1993). Veblen (1898) coined the term “evolutionary economics” and began the systematic use of the evolutionary approach in the social sciences (Veblen, 1904). Schumpeter (1911) laid the foundations for evolutionary economics in the 20th century. A decisive role in the creation of the economic branch was played by the works of Alchian (1950), Boulding (1981), Downie (1958), D. Friedman (1998), M. Friedman (1953), Hodgson (1993, 2004), Penrose (1952), Nelson (2018) and Nelson and Winter (1982). The intertwined journey of market outcomes through various cultural traits, trait selection and mutation pressures at different frequencies along with psychological and cognitive bias, network structure, information asymmetry, information waves and institutional environment is the way to study and understand the evolutionary process and social interactions in financial markets (Hirshleifer D ., Shiller R.J., Farmer J.D., Lo A.W., Lo A.W., ). The cultural characteristics of culture and its frequency in its dynamics increase or decrease, changing through individual and social learning. Beliefs and behaviors lead to the transfer of social interactions and observation, implying that culturally transmitted investor ideas or folk models influence trading behaviors and price outcomes. Social finance is characterized by an explicit and broader examination of social transmission processes, cultural characteristics and evolutionary dynamics.