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The ability of financial markets to bear risk is central to economic welfare and stability. Growth and economic wellbeing is inhibited if financial markets are unable to transfer resources efficiently from the suppliers of liquidity to entrepreneurs. However, this proper functioning of financial markets has been distorted by levels of volatility considerably in excess of those implied by fundament ...

Driven by the increasing demands in Mathematics, Philosophy and Computer Science, the last two decades witnessed a growing interest in non-classical and many-valued logics. Until not too many years ago, many-valued logics were nearly a curiosity. The situation has now changed and the weaponry of tools in use to current researchers has acquired solid foundations and a respectable amount of applicat ...