Turning to Karl Jaspers’s 1937 lectures, later published as Philosophy of Existence, this paper examines what might be meant by the colloquial expression “spiritual but not religious”. In doing so, it is argued that while critique organized religion mostly hits mark, critiques religion—as represented here Existenzphilosophie—fail undermine a form genuine spirituality grounded in faith revealed ...

Volatility is the primary measure of risk in modern finance and volatility estimation and inference has attracted substantial attention in the recent financial econometric literature, especially in high-frequency analyses. High-frequency prices carry a significant amount of noise. Therefore, there are two volatility components embedded in the returns constructed using high frequency prices: the...