Suchergebnisse

The apparent persistence of unexploited opportunities for expected profits in foreign exchange markets suggests highly risk‐averse market participants. Financial institutions put tight limits on the foreign‐exchange positions they may have at risk at any time, despite beliefs that the odds are favourable that the positions will be profitable. This 'safety‐first' practice is consistent with keeping the probability of ruin low enough to be of no practical concern. The setting of a very low probability of ruin for prudential reasons provides a rationale for traders behaving as if they have a degree of risk aversion that might otherwise seem implausibly high.

"In the encyclical Fides et ratio, Pope John Paul II called upon teachers of philosophy "to recover, in the flow of an enduringly valid philosophical tradition, the range of authentic wisdom and truth." Understanding Our Being responds to this call with an introduction to speculative philosophy. It treats central topics about our knowledge of being, the being of the natural world, and, via the latter, being as such. It then treats the special character and implications of our human, personal being - in particular, our intellect, free choice, and reason-conditioned sociality. Finally, it considers God as Source and End of being and it discusses the "problem of evil" and the nature of religious faith."--Jacket