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Jovanovic, Franck (2018). A comparison between qualitative and quantitative histories: the example of the Efficient market hypothesis. Journal of Economic Methodology, 25 (4). https://doi.org/10.1080/1350178X.2018.1529135
File(s) available for this item:| PDF - Jovanovic_quantitative_turn_with editorial comments_28042018.pdf |
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| Item Type: | Journal Articles |
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| Refereed: | Yes |
| Status: | Published |
| Abstract: | This paper uses the example of the history of the efficient market hypothesis (EMH) and the citation analysis in order to investigate some differences between qualitative history and a quantitative history. The history of the EMH provides a telling example of the way quantitative analyses can supply different perspectives on the qualitative history of this hypothesis or complement it. For instance, since the EMH was proposed, several criticisms emerged (two of the most well-known are the tautological character of its mathematical demonstration and its capability to be tested with certainty). In addition, the definition and the scope of this hypothesis have been modified several times. Although the qualitative history of the EMH refers to these criticisms and these alternative definitions and scopes, the qualitative tools cannot provide a clear measure of the impact of these criticisms and these modifications among economists. By studying the dissemination of the EMH, its major criticisms, and the answers economists provided, a citation analysis sheds different light on the history of the EMH. |
| Official URL: | http://dx.doi.org/10.1080/1350178X.2018.1529135 |
| Depositor: | Jovanovic, Franck |
| Owner / Manager: | Franck Jovanovic |
| Deposited: | 11 May 2018 13:31 |
| Last Modified: | 13 Dec 2018 14:11 |
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