LINEAR AND NONLINEAR PARADIGMS ON SCIENTIFIC APPROACHES TO FINANCIAL MARKETS ANALYSIS
Thedifferences between different approaches to understanding and analysis of financial markets, their characteristics and functioning have been investigated. Thescientific researches concerning organizational and functional features and characteristics of financial markets have been analyzed and conclusions about the main differences between them have been made.
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Keywords: financial market, linear paradigm, nonlinear paradigm, the Dow theory, the theory of speculation, the efficient market hypothesis, the random walk theory, the fractal markets theory, the concept of reflexivity, the adaptive market hypothesis, the behavior |
THEORY
Sadykov Server
Ph.Dstudent at Financial Markets Department SHEI «Kyiv National Economic University named after Vadym Hetman»
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