The Wave Principle of Human Social Behavior and the New Science of Socionomics

$19.75

  • Format: PDF
  • Pages: 469
  • Published Date: 1999

Description

Socionomics evolved from the Wave Principle, a theory of patterns in financial markets. Now Robert Prechter proposes that this very same principle can be applied to our own social and cultural lives. Prechter shows that dominant aspects of our unconscious mentation are characterized by measurable patterns. Those patterns form the building blocks of humankind’s social interaction, and in turn, the Wave Principle.

Author’s Introduction:

I hope that readers will forgive a rather advocative opening statement. However, I fear that without it, too few economists and sociologists will seriously consider this material. Therefore, I will state the following unequivocally: The social sciences today are where the physical sciences were three hundred years ago.

The Wave Principle is to sociology and related sciences what Newton’s laws were to physics. It provides a basis and framework within which to study and quantify social behavior and thus serves as an anchor for the undertaking of true social science. The resulting breakthrough is so profound that it requires a new name for the science it makes possible. I think socionomics is a good term. Ralph Nelson Elliott’s great insight is the idea that financial markets have a specific organizational law of patterned self-similarity that is governed by the Fibonacci sequence, which therefore ties it to the laws of nature. If I have an insight to provide, it is the vast implications of that fact.

I believe that the Wave Principle and socionomics are the most important concepts ever introduced to the field of social science. They should change forever the professions of market analysis, economics and sociology. In fear that it might go unread, I make these bold statements in hopes that they will inspire (or annoy) practitioners of social professions enough to prompt some of them to investigate these ideas and reconsider the old assumptions permeating their fields.

Contents:

  • Basic Tenets of the Wave Principle
  • Universal Forms: Fractals, Power Laws and Spirals in Self-Organizing Systems, and Their Connection to the Wave Principle
  • Robust Fractals and Fibonacci Mathematics
  • Modeling and Quantification Support the Validity of the Wave Principle
  • Forecasting Pattern on the Basis of Pattern
  • Forecasting Price Extremes on the Basis of Typical Wave Relationships
  • Relating Aspects of Market Behavior to Wave Degrees
  • Unconscious Herding Behavior as the Psychological Basis of the Wave Principle
  • Theories and Observations Relating to lmpulsivity and Herding
  • Biological Connections to the Robust Fractal Aspect of the Wave Principle
  • Biological and Perceptual Connections to the Fibonacci Foundation of the Wave Principle
  • Mentational Connections to the Fibonacci Foundation of the Wave Principle
  • From Long Waves to Rapid Vibration: The Motor of Life?
  • Components of Mood
  • Popular Cultural Trends as Manifestations of Social Mood Trends
  • Historical Impulsion: Events that Result from Social Mood Trends
  • Forecasting Success Supports the Validity of Socionomics
  • Thinking Socionomically
  • Problems with Conventional Approaches to Financial Markets, and Their Solution in Socionomics
  • Some Key Fundamentals of Socionomics
  • The Kitchen Sink: Linking Physics to the Human Social Experience, A Principle Behind Ordered Complexity, Hints of Robust Fractals in the Heavens, the Fibonacci Foundation of Robust Forms, and Phimation as an Opposing Principle to Entropy