Performativity and Financial Markets: Option Pricing in the Late 19th Century

Sotiropoulos, Dimitris and Rutterford, Janette (2014). Performativity and Financial Markets: Option Pricing in the Late 19th Century. Innovation, Knowledge and Development Research Centre, The Open University.

URL: http://www.open.ac.uk/ikd/documents/working-papers...

Abstract

The paper revisits the performativity thesis in economics stressing the plural character of knowledge, which includes not only scientific models but also every form of practical knowledge that systematizes the visible and the articulable experience of economic agents. To highlight the point, the paper examines the pricing of options in London in the late 19th century, long before the academic origin of modern option pricing models. The pamphlets of the time are valuable archives of existing option transactions performed on the basis of systematic practical techniques widely established among investors.

Viewing alternatives

Look up in Google Scholar

Download history

Item Actions

Export

About

CORE (COnnecting REpositories)

Recommendations