Articulated sinsability is led by a bought and paid for mouthpiece. Notice the crockery in this guys kitchen.....
whole theory is to legitimize theft by deception.
counter program it....bottom line. price as an artifact was invented here.... the overlay offered, is not even up to facsimile standards.
his title Toward a New Science of Social Prediction
Should be changed to
" Toward a New Science of Social Predation."
from da chiefs thread today.
To: Allan P. Harris who wrote (46585) 10/5/2009 2:01:55 PM
From: dvdw© Read Replies (1) of 46621
its no wonder that the mags love him. His real aim is to replace Supply and demand with Law of Patterend herding....
No wonder why they need him elevated, to break the fundamental laws governing stock issuance, provide plausible deny ability to the network, that sees this as thier only hope for control.
his theory is bankrupt....btw.
due also note, that by changing what he emphasizes, he keeps his better selling books on wave theory alive....just another BAPF.get all the compartmentalists on his side, repeating all this nonsense, so that they may thrive at the expense of everyone else....laws governiing stock issuance are the prevailing laws governing markets....no ifs ands or replacements.
Financial Theory
Prechter has developed a new theory of financial causality that proposes a fundamental separation between the fields of finance and economics. His Socionomic Theory of Finance (STF) opposes the Efficient Market Hypothesis (EMH), and his proposed Law of Patterned Herding (LPH) replaces attempts to apply the Law of Supply and Demand to financial markets. Prechter accepts that in the economic realm, the pricing of utilitarian goods and services is mostly conscious, rational and objective and that the Law of Supply and Demand leads to equilibrium-seeking in prices. But his STF proposes that in the financial realm, the pricing of investments is mostly unconscious, non-rational and subjective and that unfettered changes in demand produce unceasing dynamism in prices. A primary reason for the difference is that financial decisions involve pervasive uncertainty, which induces herding. Key publications relating to this aspect of Prechter’s work include:
“The Financial/Economic Dichotomy: A Socionomic Perspective” (2007), a paper by Prechter and Dr. Wayne Parker published in the summer 2007 issue of The Journal of Behavioral Finance.
Toward a New Science of Social Prediction: Robert Prechter at the London School of Economics (2009), a DVD that captures Prechter’s two-hour presentation on socionomics and financial theory to students and faculty at the London School of Economics in 2004.
Associated website: www.socionomics.org
Report TOU Violation Email This Page Recommend This Post
|
