Using proprietary financial data on millions of households, we show that likely-Republicans increased the equity share and market beta their portfolios following 2016 presidential election, while likely-Democrats rebalanced into safe assets. We provide evidence this behavior was driven by investors interpreting public information based different models world. use detailed controls to rule out m...

We study relations between evidence theory and S-approximation spaces. Both theories have their roots in the analysis of Dempsterchr('39')s multivalued mappings and lower and upper probabilities, and have close relations to rough sets. We show that an S-approximation space, satisfying a monotonicity condition, can induce a natural belief structure which is a fundamental block in evidence theory...

We explore a model of the interaction between banks and outside investors in which the ability of banks to issue inside money (short-term liabilities believed to be convertible into currency at par) can generate a collapse in asset prices and widespread bank insolvency. The banks and investors share a common belief about the future value of certain long-term assets, but they have different obje...

During the last decade, the computational paradigms known as inflzcence diagrams and belief networks have become to dominate the diagnostic expert systems field. Using elaborate collections of nodes and arcs, these representations describe how propositions of interest interact with each other through a variety of causal and predictive links. The links are parameterized with inexact degrees of s...

comparison of mula sadra’s epistemology theory and virtual epistemology theories of zagzebski and platinga infers that the former’s theory can be categorized as a virtual epistemology. platinga believes in virtue of forming faculties and zagzebski believes in function of intellectual power in forming episteme. in fact, both of them believe is some aspects of the elements effective in formation ...