Monthly Archives: May 2013

Financial Phenomenology

The Expectation of Objective Reality In futures markets, there is always the expectation of the unexpected to hedge the risk. (The risk of loss is fully assumed.) While we can imagine an infinite number of possibilities, risk is objectively managed … Continue reading

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When the Price is Right

In a free market, everything is legitimately priced on demand. The price to be paid is not dictated but discovered. Buyers and sellers come together, freely engaged in commerce to discover risk beyond the dimension of avoiding it. We learn … Continue reading

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Objective Identity

Philosophy is the great adventure of infinite possibility, but limited probability, busy as we are nullifying the possible, verifying the probable. The Logical Condition Psychologists tell us that reality is subjective. Everyone perceives the same object differently. We have varying … Continue reading

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Identity Theory and Positive Value

Identity is critical for exculpating the probable value of the risk. If risk has an ontological identity, attributable to the Iron Law, for example, how is it “positive” to prosecute people who are merely behaving according to nature’s invisible hand, … Continue reading

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The Refresh Switch

(Nulling the Hypothesis) In America, aristocracy got a fresh start. Aristocracy has been extended in historical perspective and existentialists, like Ayn Rand, emerged to question the absolute value of moral conventions. The concept of equality, for example, has universal value … Continue reading

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Method Yield

The Value of False Induction (Or the Philosophy of Inexistence) When US Senator Margaret Warren introduces a bill to let students borrow at the discount window she is challenging the method (the attributive value) that yields the risk (the value … Continue reading

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The Null Hypothesis

An existentialist like Jean-Paul Galibert, operating with “a philosophy of the inexistence,” has the practical effect of working with the null hypothesis, which is the philosophy of science. By always trying to disprove something we come closer to its proof … Continue reading

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