The Restless Nature of Money

Jaksity, Gyorgy

The origins of the development of money date back to ancient Mesopotamia, and the first moneychangers, the ancestors of banks, appeared in Greece in the 5^th century BC. The development of money, banking, shareholding companies and inflation form an essential organic part of the history of social development.
The behaviour of financial markets bears similarities to the functioning of that complex organ, the human brain. It is not by accident that research into gambling, which shows a lot in common with the short-term movement of financial markets, has lead to the establishment of modern decision theory. Combined with evidence from cognitive psychology this has led to the area known as 'financial theories of behavioural psychology'.
Because there are things, which even decision theory and the related branches of science cannot explain completely, we also draw on the natural sciences and philosophy as well as intuition to understand the nature of finance.

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