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Bargaining clouds, or mathematics as a metaphoric exploration of the unexpected

dc.contributor.authorAraújo, Tanya
dc.contributor.authorLouçã, Francisco
dc.date.accessioned2010-10-08T10:20:34Z
dc.date.available2010-10-08T10:20:34Z
dc.date.issued2008
dc.description.abstractIn the very first page of his highly regarded novel, One Hundred Years of Solitude, Gabriel Garcia Marquez writes that, when arriving at Macondo and discovering so many unknown objects, Aurelio Buendia had to point out these things because no words were defined for them. This metaphor of the process of metaphorisation is an apt description of the scientific process itself, as science points out to what it ignores: denotation generates connotation. Even when science is defined as a self-contained logic, as mathematics once presumed to be, it dares into the territories of the unknown and of the unexpected; the more rigorous, the more daring it ought to be. In this paper, we argue that this metaphor is powerful enough to suggest new methods to interpret the emergence of new patterns. In the current example, a stochastic geometry and topological technique are used to describe the structural change in the stock market for the last years. This new method suggests evidence for a transition of regimes in these markets, measures its dynamics and metaphorically provides a graphic description of the ongoing process.
dc.identifier.citationAraújo, Tanya and Francisco Louçã. 2008. "Bargaining clouds, or mathematics as a metaphoric exploration of the unexpected". Instituto Superior de Economia e Gestão - DE Working papers nº 27-2008/DE/UECEpor
dc.identifier.issn0784-4548
dc.identifier.urihttp://hdl.handle.net/10400.5/2351
dc.language.isoengpor
dc.publisherISEG – Departamento de Economiapor
dc.relation.ispartofseriesDE/ Working papers nº 27-2008/DE/UECE
dc.relation.publisherversionhttps://aquila1.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=26528por
dc.subjectCientific Process
dc.subjectMathematics
dc.subjectMetaforic Exploration
dc.titleBargaining clouds, or mathematics as a metaphoric exploration of the unexpectedpor
dc.typeworking paper
dspace.entity.typePublication
rcaap.rightsopenAccesspor
rcaap.typeworkingPaperpor

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