Using recent findings from brain sciences, we model the human brain as solving two optimization problems instead of one, which are (i) optimal resource allocation in the brain and (ii) mean-variance optimization. This changes the classical CAPM in only one way: an alpha appears which provides a...

This paper evaluates the Absolute Priority Rule and a new legal means for its application by the Courts that creates enormous opportunities for profitable financial schemes. In particular, a 2016 case precedent effectively applying the APR dogma is explained that enables taking property away...