Reconstructing neoclassical realism: a transitive approach

Behavioral Growth Theory: A Neoclassical Approach

How do material norms and aspirations on which individual judgments of well-being are based affect the growth dynamics of an economy? Do economies that weigh very highly of these norms grow differently from those economies that values these norms differently? This paper attempts to answer these questions by building a growth model, where individual not only care for its consumption but also eva...

A Realism-Based Approach to the Evolution of Biomedical Ontologies

We present a novel methodology for calculating the improvements obtained in successive versions of biomedical ontologies. The theory takes into account changes both in reality itself and in our understanding of this reality. The successful application of the theory rests on the willingness of ontology authors to document changes they make by following a number of simple rules. The theory provid...

Quantum Physics: A Case for Anti-Realism?

21 Realism / Anti - Realism

The main realism/anti-realism issue in the philosophy of science is the issue of scientific realism, concerned with the unobservable entities of science. However, there is also a more general issue, often known as “realism about the external world,” concerned primarily with the observable entities of common sense, but which spreads to scientific entities, both observable and unobservable. The i...

A neoclassical interpretation of momentum

The neoclassical theory of investment implies that expected stock returns are tied with the expected marginal benefit of investment divided by the marginal cost of investment. Winners have higher expected growth and expected marginal productivity (two major components of the marginal benefit of investment), and earn higher expected stock returns than losers. The investment model succeeds in cap...