Speculative trading with rational beliefs and endogenous uncertainty

2003 ◽  
Vol 21 (2-3) ◽  
pp. 263-292 ◽  
Author(s):  
Ho-Mou Wu ◽  
Wen-Chung Guo
1996 ◽  
Vol 8 (3) ◽  
pp. 383-397 ◽  
Author(s):  
Mordecai Kurz

1996 ◽  
Vol 8 (3) ◽  
pp. 383-397 ◽  
Author(s):  
Mordecai Kurz

2020 ◽  
Author(s):  
Jeffrey M. Warren ◽  
Nicole A. Stargell ◽  
Shenika J. Jones
Keyword(s):  

Author(s):  
Richard Fumerton
Keyword(s):  

The primary purpose of this chapter is to explore the viability of reasoning to the best explanation as a fundamental source of epistemically rational beliefs and a potentially useful weapon for use in responding to the skeptic. After making some important distinctions among various forms of explanationism, I’ll reach a somewhat pessimistic conclusion about the prospects for explanationist epistemologies solving fundamental epistemological problems. Explanationist epistemologies don’t seem to be fundamental sources of epistemically rational beliefs. As a result, fundamental epistemological problems, such as the threat of skepticism, are not solved by appeals to reasoning to the best explanation. We must look elsewhere for philosophically satisfying responses to these problems.


Author(s):  
Julien Pénasse ◽  
Luc Renneboog ◽  
José A Scheinkman

Abstract An artist’s death constitutes a negative shock to his future production; death permanently decreases the artist’s float. We use this shock to test predictions of speculative trading models with short-selling constraints. As predicted in our model, we find that an artist’s premature death leads to a permanent increase in prices and turnover; this effect being larger for more famous artists. We document that premature death increases prices (by 54.7%) and secondary market volume (by 63.2%).


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