Abstract
The chapter begins with a synoptic presentation of the theoretical underpinnings of the evolutionary process as grounded in Biology, and in this context, the general concept of mechanism is proposed and examined. These presentations then allow for a thorough examination of the co-evolution concept, both theoretically and logically. The main contribution of the chapter is the identification and examination of the components, process, and mechanism of the co-evolution in the financial market—genotype, phenotype, fitness, and selection. In addition, the concept of co-species in the financial market is investigated, as well as what is known as circular causality in this market. Finally, the chapter proposes a triad of selection in the co-evolutive financial market, namely genetic (including epigenetic) selection, memetic selection, and (a novel proposal by the authors) semetic selection.
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Dinga, E., Oprean-Stan, C., Tănăsescu, C.R., Brătian, V., Ionescu, GM. (2023). Co-evolution in the Financial Market. In: Co-Evolution of Symbolic Species in the Financial Market. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-31698-2_2
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DOI: https://doi.org/10.1007/978-3-031-31698-2_2
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