This paper presents a general framework for studying diverse beliefs in dynamic economies. Within this general framework, the characterization of a central-planner general equilbrium turns out to be very easy to derive, and leads to a range of interesting applications. We show how for an economy with log investors holding diverse beliefs, rational overconfidence is to be expected; volume-of-tra...

While it appeared that the patients enjoyed Much Ado About Nothing, mostly they said that there was nothing particularly complicated about the story and they didn’t relate to the characters in a personal way. One patient commented that it was immediately apparent that Benedick and Beatrice loved each other and the patient found their bickering pointless, adding “why waste all that time if you l...

love and its transformative power have long been at the center of islamic sufism. for sufi writers profane love, perceived as the love of worldly beloved, was the first step on the path toward the union with the divine. farid al-din ‘attar (1145-1221) was one of the most significant authors to espouse and articulate profane love as a representation of both earthly and heavenly love. 'attar’s us...

the objective of this paper is to provide an overview of various approaches on iran’s nuclear program and the frameworks within which the approaches can be located. it first addresses different views held in relevant think tanks and academic circles in the u.s. regarding iran’s nuclear program, including motivation-based and consequence-based arguments in their different variants. then iranians...