Before revision:  The value, q\tilde{=} \in\left[ 3,5\right] is in agreement with empirical data. While many theoretical explanations have been offered for the paradox of fat tails, we show that this issue never arises if one models price dynamics using basic economics methodology,  rather than the usual starting point for classical finance which assumes a normal distribution of price changes.
After revision:  The value, q\tilde{=} \in\left[ 3,5\right] for some markets. The discrepancy between the empirical result and theory never arises if one models price dynamics using basic economics methodology, rather than the usual starting point for classical finance which assumes a normal distribution of price changes.