The k Nearest Neighb or (kNN) density estimator first for-malized by Loftsgaarden and Quesenb erry (1965) is central to a broad range of the literature on density estimation. It is knownto b e strongly uniformly consistent if k increases appropriatelywith the sample size. The contribution of...

This paper shows that preferences alone cannot explain the patterns reported in the literature.

The election of Donald J. Trump as the 45th President of the United States of America on 11/8/2016 came as a surprise. Markets responded swiftly and decisively. This note investigates both the initial stock market reaction to the election, and the longer-term reaction through the end of 2016. We...