Religious fundamentalism is a distinctive set of beliefs and behaviour pattern in most modern religious communities. It is a religious way of being that manifests itself as a strategy among the believers to preserve the authenticity of their identity based on doctrines, beliefs and practices from a sacred past. This religious identity becomes the exclusive basis for a reimagined political and s...

We present a stochastic simulation model of a prototype financial market. Our market is populated by both noise traders and fundamentalist speculators. The dynamics covers switches in the prevailing mood among noise traders (optimistic or pessimistic) as well as switches of agents between the noise trader and fundamentalist group in response to observed differences in profits. The particular be...

This note explores the consequences of nonlinear price impact functions on price dynamics within the chartist-fundamentalist framework. Price impact functions may be nonlinear with respect to trading volume. As indicated by recent empirical studies, a given transaction may cause a large (small) price change if market depth is low (high). Simulations reveal that such a relationship may create en...

Allah Almighty has legislated the Will provisions in His Wise Book and Sunnah of faithful Prophet, upon reflecting on these texts, we find that they have included fundamental issues legal purposes, It was studied this research tagged (fundamental Will) Its demonstrated supremacy Islamic legislation achieving justice benevolence, is not permissible for to harm heirs, nor favor one them over othe...

Rationality is a fundamental concept in economics. Most researchers will accept that human beings are not fully rational. Herbert Simon suggested that we are “bounded rational”. However, it is very difficult to quantify “bounded rationality”, and therefore it is difficult to pinpoint its impact to all those economic theories that depend on the assumption of full rationality. Ariel Rubinstein pr...

A deterministic model is introduced in terms of conservation principles to describe the (qualitative) price dynamics of a stock market. It is shown how the fundamentalist and chartist patterns of the trader behavior affect the price dynamics. The model can display complex oscillatory behavior with transient erratic oscillations, which resembles the behavior found in actual price dynamics. By me...

in recent decades, rationality has become one of the important and controversial issues in the intellectual circles. there are many philosophers who have put (and still put) under question the status of reason and human rationality. among those who believe in human reason is popper. to show reason's ability, he rejects positivism and justifying approaches totally; and, designing falsificat...