"Paper Belt on Fire is the unlikely account of how two outsiders with no experience in finance--a charter school principal and defrocked philosopher--start a venture capital fund to short the higher education bubble. Against the contempt of the education establishment, they discover, mentor, and...

"This paper proposes a method for constructing a volatility risk premium, or investor risk aversion, index. The method is intuitive and simple to implement, relying on the sample moments of the recently popularized model-free realized and option-implied volatility measures. A small-scale Monte...