Portfolio theory is concerned with minimizing risk for a given return (or maximizing return for a given risk) through combining assets with different risk characteristics into a diversified portfolio, whereas real options theory is concerned with optimizing investments in the face of uncertain future st...
Tests of the General Theory The various predictions of the special theory of relativity—time dilation, length contraction, the increase of mass with velocity, and the equivalence of mass and energy—have been verified to high precision in a large number of experiments. The general theory, however...
—In Adam Smith's day a 'sentiment' could be anything on a spectrum with feelings at one end and opinions at the other. This work of his is strongly tilted in the 'feeling' direction [see especially the chapter starting on page 168), but throughout the present version the word '...
Grice's own explication of this idea changed over time and was expressed in technical language. But I hope that I have conveyed the gist of his idea. The speaker's meaning of an utterance is the meaning of the utterance on a particular occasion--the meaning that the speaker intended to c...
Similarly, the same dramatic structures have been around for a long time. Yet, every time we dress them up in a way we haven’t seen before, they become new again. So, part of what we find in a finished work is the actual Grand Argument Story form and part is the Storytelling. The...
of their own should have theright to adaptation. Yet, it remains unanswered exactly who has the right to adaptation and what it is the right to. This paper fills this important lacuna by defining and specifying the right to adaptation. In particular, I argue that the right to adaptation ...
While game theory has been transformative for decision making, the assumptions made can be overly restrictive in certain instances. In this work, we investigate some of the underlying assumptions of rationality, such as mutual consistency and best response, and consider ways to relax these assumptions...
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So, while two well-known physicists coming out against a theory of everything is compelling, it really shouldn't seem like anything new for Hawking. "I take the positivist view point that a physical theory is just a mathematical model and that it is meaningless to ask whether it corresponds...
This account explains why the clear potable stuff that fills the lakes etc. on Twin Earth is not water, is not what is referred to when the word ‘water’ is used, by appealing to the fact that it was not the natural kind baptized. There are a number of questions to ask about the ...