Acts are functions from states of nature into finite-support distributions over a set of ‘deterministic outcomes’. We characterize preference relations over acts which have a numerical representation by the functional J(f)=min>∫u∘ f dP¦PϵC where f is an act, u is a von Neumann-Morgenstern utility over outcomes, and C is a closed and convex set of finitely additive probability measures on the states of nature. In addition to the usual assumptions on the preference relation as transitivity, completeness, continuity and monotonicity, we (...) assume uncertainty aversion and certainty-independence. The last condition is a new one and is a weakening of the classical independence axiom: It requires that an act f is preferred to an act g if and only if the mixture of f and any constant act h is preferred to the same mixture of g and h. If non-degeneracy of the preference relation is also assumed, the convex set of priors C is uniquely determined. Finally, a concept of independence in case of a non-unique prior is introduced. (shrink)

In his exciting and original view of the universe, Itzhak Bentov has provided a new perspective on human consciousness and its limitless possibilities. Widely known and loved for his delightful humor and imagination, Bentov explains the familiar world of phenomena with perceptions that are as lucid as they are thrilling. He gives us a provocative picture of ourselves in an expanded, conscious, holistic universe. _.

The interpretation of economic theories varies along several dimensions. First, models can describe reality, illustrate a recommended state of affairs, or analyze the structure and implications of a theory. Second, theories can be used for prediction or for explanation. Third, theories can relate to reality in a rule-based or case-based manner. Fourth, theories can be statements about economic reality or about the act of economic reasoning itself. Fifth, theories can offer predictions or merely critique reasoning. We argue that theories are (...) often open to multiple interpretations which can shift depending on the context in which the theory is applied, the surrounding economic literature, and the argument made by the interpreter. (shrink)

The debate between Einstein and Bergson is a salient episode in the history of modern physics and a telling example of the interaction between science and philosophy. This paper initially discusses five reasons why Bergson criticised Einstein for giving up absolute time. The most important one was Bergson’s commitment to an intuitionist, anti-Kantian metaphysics informed by common sense. Apart from that, he knew that the theory of special relativity permits “duration” in the form of the passage of proper time, to (...) which Bergson referred as “real time”. Neither static eternalism nor dynamic eternalism are acceptable from Bergson’s philosophical perspective, which acknowledges the role of temporal experience and everyday thinking in addition to science and metaphysics. He understood temporal passage as creation of new existence, anticipating what later became known as the growing block theory of time. The pointy relativistic variant of this theory, which divides the universe into blocks of growing past light cones, does justice to large parts of his philosophy, including the distinction between the actual and the virtual. Supporters of Bergson’s account of duration should adopt this theory of time. (shrink)

In this paper, I will be arguing that the basic infrastructure of an ineffable formal identity between name and object which is presented in the Tractatus is still very much involved in Wittgenstein's early development of the concept of grammar. First, it will be necessary to clearly describe how the identity between name and object is initially formulated in the Tractatus. Hence, in section 1, I will show how the 'picture theory' is ontologically grounded on the identity of linguistics' and (...) worldly atomic structural elements. I will discuss the ‘picture theory’ only briefly, since my main interest is to illuminate how that infrastructure remains a core aspect of Wittgenstein's “middle period” thinking: that is, in what way the identity of name and object is contained and presupposed within his concept of grammar and how it is still used as a condition for our symbolism to make sense. Another way to describe this paper's aim, this time from its end backwards, would be to say that it is to reveal that grammatical systems of rules are nothing other than the implementations of that special kind of identity, for the latter is always and already manifest within our symbolism. (shrink)

Machiavellianism is a double-edged sword in leadership. While Machiavellian leaders can be successful, they also can be amoral, influencing their followers to exhibit unethical, counterproductive, and corrupt behaviors. The extant research surrounding Machiavellian leadership has focused narrowly on how followers tacitly endorse such leader behaviors rather than standing up to the leader through whistleblowing. Drawing upon affective events theory (AET), this research examines the relationship between a leader’s Machiavellian traits, followers’ moral anger and empathic concern, and the likelihood of whistleblowing. (...) We conducted three complementary studies that examine our model. First, in a time-lagged, leader–follower field study, we examined the indirect relationship between Machiavellian leadership and whistleblowing through follower moral anger. Then, we adopted the causal chain design and conducted two independent recall experiments using the critical incident technique to establish the moderating role of follower empathetic concern on the causal relationship between Machiavellian leadership and moral anger, and the causal relationship between moral anger and whistleblowing. This research contributes to the literature by highlighting the emotional dynamics that explain a constructive follower response to leader Machiavellianism. (shrink)

The Reduction of the Possible to the Real. Modern philosophy cannot avoid dealing with possible worlds - neither in the field of intensional logic nor in other fields not directly connected with logical investigations. This paper attempts to develop a method to substitute possible worlds by the real world, referring to the works of Stig Kanger and Nino B. Cocchiarella. This is done by investigating the metaphorical and dynamical functions of natural languages. It is proved that this new technique is (...) adequate for use in the semantics of intensional languages. As an example a language is constructed, which is based on the aristotelian view of universal concepts. (shrink)

Context: Although Josef Mitterer’s non-dualism has received increasing attention in recent years, it is still underrated by philosophers. It is an ambitious and unusual treatment of epistemological problems concerning truth and reality. Problem: Is non-dualism tenable? Is conceptual relativism tenable? Method: On the basis of a pragmatic semantics, Mitterer’s arguments against conceptual relativism are shown to be unjustified. Results: Non-dualism lacks a clear conception of semantics. Given the similarities to Robert Brandom’s account of truth, as well as Mitterer’s preoccupation with (...) Wittgenstein, pragmatic semantics suggests itself for filling this gap. But then conceptual relativism seems to be the more attractive position. Implications: This paper is a critical survey of non-dualism and a defense of conceptual relativism, but it might also be a worthwhile reading for those interested in semantic issues such as the difference between Ludwig Wittgenstein’s and Robert Brandom’s approaches to “meaning as use.” Constructivist content: Non-dualism is sometimes regarded as an alternative to realistic and constructivist positions in epistemology. This paper, however, defends conceptual relativism, which is a kind of realism that can also be seen as a kind of (non-radical) constructivism. (shrink)

The antirealist position on temporal passage is that time exists but does not pass. Antirealists either claim that experiences of passage represent something that does not exist or that these experiences do not represent passage. This paper reconstructs and defends an argument for the reality of passage by Milič Čapek that is based on the idea of mental passage, the passage of experience itself. The belief that mental passage exists is introspectively justified. This justification is not undermined by perceptual illusions (...) and is also compatible with antirealist explanations of why the belief arises. Both physicalism and psychophysical dualism justify the premise that mental passage implies physical passage. Arguments by Huw Price and Simon Prosser purport to show that experiences do not represent physical passage. However, these arguments rely on thought experiments that presuppose the non-existence of mental passage, and therefore miss the fact that mental passage enables the representation of physical passage. (shrink)

The interpretation of economic theories varies along several dimensions. First, models can describe reality, illustrate a recommended state of affairs, or analyze the structure and implications of a theory. Second, theories can be used for prediction or for explanation. Third, theories can relate to reality in a rule-based or case-based manner. Fourth, theories can be statements about economic reality or about the act of economic reasoning itself. Fifth, theories can offer predictions or merely critique reasoning. We argue that theories are (...) often open to multiple interpretations which can shift depending on the context in which the theory is applied, the surrounding economic literature, and the argument made by the interpreter. (shrink)

Machiavellianism is a double-edged sword in leadership. While Machiavellian leaders can be successful, they also can be amoral, influencing their followers to exhibit unethical, counterproductive, and corrupt behaviors. The extant research surrounding Machiavellian leadership has focused narrowly on how followers tacitly endorse such leader behaviors rather than standing up to the leader through whistleblowing. Drawing upon affective events theory (AET), this research examines the relationship between a leader’s Machiavellian traits, followers’ moral anger and empathic concern, and the likelihood of whistleblowing. (...) We conducted three complementary studies that examine our model. First, in a time-lagged, leader–follower field study, we examined the indirect relationship between Machiavellian leadership and whistleblowing through follower moral anger. Then, we adopted the causal chain design and conducted two independent recall experiments using the critical incident technique to establish the moderating role of follower empathetic concern on the causal relationship between Machiavellian leadership and moral anger, and the causal relationship between moral anger and whistleblowing. This research contributes to the literature by highlighting the emotional dynamics that explain a constructive follower response to leader Machiavellianism. (shrink)

Gilboa and Schmeidler provide a paradigm for modelling decision making under uncertainty. Unlike the classical theory of expected utility maximization, case-based decision theory does not assume that decision makers know the possible 'states of the world' or the outcomes, let alone the decision matrix attaching outcomes to act-state pairs. Case-based decision theory suggests that people make decisions by analogies to past cases: they tend to choose acts that performed well in the past in similar situations, and to avoid acts that (...) performed poorly. It is an alternative to expected utility theory when both states of the world and probabilities are neither given in the problem nor can be easily constructed. The authors describe the general theory and its relationship to planning, repeated choice problems, inductive inference, and learning; they highlight its mathematical and philosophical foundations and compare it with expected utility theory as well as with rule-based systems. (shrink)

A nontechnical, concise, and rigorous introduction to the rational choice paradigm,focusing on basic insights applicable in fields ranging from economics to philosophy.

Volume 26, Issue 4, December 2019, Page 389-392.

A decision maker has to choose one of several random variables whose distributions are not known. As a Bayesian, she behaves as if she knew the distributions. In this paper we suggest an axiomatic derivation of these (subjective) distributions, which is more economical than the derivations by de Finetti or Savage. Whereas the latter derive the whole joint distribution of all the available random variables, our approach derives only the marginal distributions. Correspondingly, the preference questionnaire needed in our case is (...) less smaller. (shrink)

Open peer commentary on the article “What Can the Global Observer Know?” by Diana Gasparyan. Upshot: Even well-founded criticism of the notion of the global observer does not immediately challenge contemporary metaphysical realism. A viable alternative to the latter, and to far-reaching constructivist positions on the other side, originates in replacing global observation with actual and possible local observations.

This note argues that, under some circumstances, it is more rational not to behave in accordance with a Bayesian prior than to do so. The starting point is that in the absence of information, choosing a prior is arbitrary. If the prior is to have meaningful implications, it is more rational to admit that one does not have sufficient information to generate a prior than to pretend that one does. This suggests a view of rationality that requires a compromise between (...) internal coherence and justification, similarly to compromises that appear in moral dilemmas. Finally, it is argued that Savage's axioms are more compelling when applied to a naturally given state space than to an analytically constructed one; in the latter case, it may be more rational to violate the axioms than to be Bayesian. (shrink)

We suggest to define objective probabilities by similarity-weighted empirical frequencies, where more similar cases get a higher weight in the computation of frequencies. This formula is justified intuitively and axiomatically, but raises the question, which similarity function should be used? We propose to estimate the similarity function from the data, and thus obtain objective probabilities. We compare this definition to others, and attempt to delineate the scope of situations in which objective probabilities can be used.

Do axiomatic derivations advance positive economics? If economists are interested in predicting how people behave, without a pretense to change individual decision making, how can they benefit from representation theorems, which are no more than equivalence results? We address these questions. We propose several ways in which representation results can be useful and discuss their implications for axiomatic decision theory.

It has been argued that Pareto-improving trade is not as compelling under uncertainty as it is under certainty. The former may involve agents with different beliefs, who might wish to execute trades that are no more than betting. In response, the concept of no-betting Pareto dominance was introduced, requiring that putative Pareto improvements must be rationalizable by some common probabilities, even though the participants’ beliefs may differ. In this paper, we argue that this definition might be too narrow for use (...) when agents are not Bayesian. Agents who face ambiguity might wish to trade in ways that can be justified by common ambiguity, though not necessarily by common probabilities. We accordingly extend the notion of no-betting Pareto dominance to characterize trades than are “no-betting Pareto” ranked according to the maxmin expected utility model. (shrink)

We examined the question of how “salient others” influence economic decisions. We proposed that moral motives actively shape economic decisions in social situations. In an experiment, we varied the decision situation and the moral motive. As hypothesized, moral motives influenced decision behavior only in social situations but not in non-social situations. In addition, we showed that in anonymous social one-shot situations, individuals are susceptible to situational moral motive framing. In contrast, situational cues were ineffective if a moral motive was already (...) established in the relationship between interacting partners. The results showed that moral motives matter in economic decision-making and that people infer information about morally “appropriate” behavior in anonymous social interactions from moral cues provided by the situation. The presented research offers a psychological explanation for why individuals make different decisions in economic decision situations depending on the social situation. (shrink)

Subjectivism states that meaning in life is determined by what subjects regard as meaningful. Objectivism denies this. The main argument against subjectivism is that it allows for seemingly worthless, or even immoral, sources of meaning. Objectivism, on the other hand, does not do justice to the role of subjective perspectives in the quest for meaning. This paper addresses the shortcomings of both positions by referring to the objective value of ‘meaning autonomy’, defined here as the freedom to determine for oneself (...) what is meaningful in life. While the notion of meaning autonomy is compatible with realist objectivism, objectivity is understood in a non-realist sense in this paper, as being based on cultural standards of meaningfulness. Subjective meaning may be attached to ‘worthless’ activities, but it cannot contradict the moral norms of the society that grants its members meaning autonomy. (shrink)

Arguments by W. T. Stace and C. J. Insole show that metaphorical descriptions of God presuppose literal descriptions of God. This poses a problem for the metaphor of darkness which has often been used, for instance by Pseudo-Dionysius, in the context of negative theology and apophatic mysticism. Three strategies of dealing with the problem are discussed in this article. The negative, apophatic approach can be seen either as subverting itself, or as being restricted to certain properties, or as resting on (...) a self-excluding principle. Whereas the first two strategies have their difficulties, self-exclusion is linguistically founded and adequate to the purposes of negative theology. (shrink)

It is argued that, contrary to a rather prevalent view within economic theory, rationality does not imply Bayesianism. The note begins by defining these terms and justifying the choice of these definitions, proceeds to survey the main justification for this prevalent view, and concludes by highlighting its weaknesses.

This note documents Aumann's reason for omitting the “empty shells” argument for the common prior assumption from the final version of “Correlated Equilibrium as an Expression of Bayesian Rationality.” It then continues to discuss the argument and concludes that rational entities cannot learn their own identity; if they do not know it a priori, they never will.

This study investigates the phonetics of German nuclear rise-fall contours in relation to contexts that trigger either a contrastive or a non-contrastive interpretation in the answer. A rise-fall contour can be conceived of a tonal sequence of L-H-L. A production study elicited target sentences in contrastive and non-contrastive contexts. The majority of cases realized showed a nuclear rise-fall contour. The acoustic analysis of these contours revealed a significant effect of contrastiveness on the height/alignment of the accent peak as a function (...) of focus context. On the other hand, the height/alignment of the low turning point at the beginning of the rise did not show an effect of contrastiveness. In a series of semantic congruency perception tests participants judged the congruency of congruent and incongruent context-stimulus pairs based on three different sets of stimuli: (i) original data, (ii) manipulation of accent peak, and (iii) manipulation of the leading low. Listeners distinguished nuclear rise-fall contours as a function of focus context (Experiment 1 and 2), however not based on manipulations of the leading low (Experiment 3). The results suggest that the alignment and scaling of the accentual peak are sufficient to license a contrastive interpretation of a nuclear rise-fall contour, leaving the rising part as a phonetic onglide, or as a low tone that does not interact with the contrastivity of the context. (shrink)