Baker’s anonymous network-study exchange was actually the CBOE.

Evidence

Plain good fortune, however, allows us to make up for lack of rigor in one respect. As we researched option trading, incidental details in the classic financial-market network study by Baker (1984a, 1984b) revealed that his anonymous “Exchange” is actually the CBOE. — Donald MacKenzie & Yuval Millo, Constructing a Market, Performing Theory, 51

Categorization

  • QUESTION: Worth chasing: the Baker network study on options-market structure turns out to be about the same exchange this couple studied decades later — a connective detail for performativity-of-network research.
  • XREF: Connects to the reader’s interest in performativity and market microstructure — Baker’s network density findings as data about the very exchange where theory was being performed. — connects to: Rational-egoist theory cannot explain why anyone founded the CBOE — Donald MacKenzie & Yuval Millo, Constructing a Market, Performing Theory, 74