A Unifying Paradigm for Finance

An alternative paradigm that is both internally consistent and better able to explain major market features rests on a simple observation: predicting future risks and rewards is hard. We can�t deduce their evolution from neat physical laws. We can�t sample observations from the future.

Authors

Publication Details

Journal
Wilmott
Published
2025-08-12
DOI
https://doi.org/10.54946/wilm.12172
Primary Topic
Economic theories and models
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

A Unifying Paradigm for Finance

Kent Osband
Wilmott
Economic theories and models
article

A Unifying Paradigm for Finance

Kent Osband
article en

Abstract

An alternative paradigm that is both internally consistent and better able to explain major market features rests on a simple observation: predicting future risks and rewards is hard. We can�t deduce their evolution from neat physical laws. We can�t sample observations from the future.

WilmottVol. 2025(139)
Openalex Percentile: Top 72%
Economic theories and models
DOISourceOpenAlex
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

A Unifying Paradigm for Finance — Kent Osband · Wilmott (2025) | TGRS Research Map | TGRS