In This Reading Russell Argues That the Value of Philosophy

question 8

True/False

In this reading Russell argues that the value of philosophy is not in any ability to produce material goods ("philosophy bakes no bread") or arrive at definitive conclusions about the nature of reality. Its value comes from its effect on the lives of those who take it seriously. By studying the perennial questions of philosophy, we enhance our appreciation of what is possible, weaken the dogmatism that prevents exploration and speculation, and render the mind great through contemplation of the greatness of the universe.
-Craig implies that he believes in a finite God.

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Definitions:

Efficient Frontier

A concept in modern portfolio theory representing a set of optimal investment portfolios that offer the highest expected return for a defined level of risk or the lowest risk for a given level of expected return.

Capital Asset Pricing Model

A model that describes the relationship between systemic risk and expected return for assets, particularly stocks, used to calculate a theoretically appropriate required rate of return for an asset, given its non-diversifiable risk.

Expected Rate

The anticipated return on an investment based on historical averages, interest rates, or economic indicators.

Illiquidity Premiums

Additional return expected by investors for holding assets that are difficult to trade quickly without significant price concessions.