ABSTRACT Imagine, as most economists do, that financial-market participants understand the basic structure of the world: While they cannot predict the future with certainty, they are endowed with knowledge of the possible outcomes of their actions and the probability that each of those outcomes will occur. Given these assumptions, if bankers, regulators, investors, and rating agencies were rational, we may conclude that the financial crisis was caused by poor incentives: These actors must have knowingly jeopardized their institutions and the global (...) economy to pursue private gain. Alternatively, market participants, caught up in the mania of crowds, may have irrationally ignored risks of which they were aware and of which they knew the correct probability. Neither of these explanations for the financial crisis stands up to the evidence, since both explanations assume that the participants knew the U.S. housing market was about to crash. A fresh look at the data five years later suggests that they were ignorant of this fact, and that they acted rationally (or at least reasonably) in light of what they (thought that they) knew. This allows a more nuanced understanding of how financial institutions ended up in bedlam, why credit markets collapsed, and why they took so long to recover. (shrink)

A revelatory alternative to the standard economic models of human behavior that proposes an exciting new way to understand decision-making "Willful is a breakthrough in economics. Richard Robb's tremendously insightful book shows how much of our behavior is not explained by existing theories of human action and explains in sparkling prose why understanding decisions made seemingly without reason presents a fuller picture of our world."--Edmund S. Phelps, Nobel Laureate in Economics Why do we do the things we do? (...) The classical view of economics is that we are rational individuals, making decisions with the intention of maximizing our preferences. Behaviorists, on the other hand, see us as relying on mental shortcuts and conforming to preexisting biases. Richard Robb argues that neither explanation accounts for those things that we do for their own sake, and without understanding these sorts of actions, our picture of decision-making is at best incomplete. Robb explains how these choices made seemingly without reason belong to a realm of behavior he identifies as "for-itself." A provocative combination of philosophy and economics that offers a key to many of our quixotic choices, this groundbreaking volume provides a new way to understand everything from investing to how hard we work to how we manage daily interactions. (shrink)

Winfield’s explication of Hegel’s theory of mind, especially Hegel’s theory of intelligence, is, he suggests, important for solving three problems that continue to haunt contemporary work in the philosophy of mind and epistemology: 1) A problem concerning the acquisition of language and its place in an account of consciousness, 2) A problem concerning the objectivity of representations, and 3) A problem concerning the grounds of knowing. I think Winfield is correct in identifying all three problems as having their source in (...) Kantian philosophy. I examine these three problems more carefully through a critical lens aimed at recent work by John McDowell and Robert Brandom. Both philosophers claim certain Hegelian influences. I argue that, in crucial ways, both Brandom and McDowell have each inherited the problems Hegel sought to solve and that are so clearly articulated in Winfield’s essay. (shrink)

The aim of this paper is to explain the significance of Alfred A. Robb’s philosophy of time stemming from his interpretation of relativity theory; and at the same time, to investigate the reasons for the failure of his philosophical contemporaries to appreciate its significance, with special attention to its reception on Russell’s part. The study of Russell’s reaction to Robb exposes shortcomings in Russell’s own philosophy of time, which has been extremely influential through the years. It also highlights (...) the philosophical differences between Minkowski and Robb, the shared idealistic premises of Russell and McTaggart, and the confluences between the views of Russell, Eddington and McTaggart. The paper closes with an account of how Robb’s interpretation has been vindicated by its adoption in modern physics. (shrink)

In Minkowski spacetime, because of the relativity of simultaneity to the inertial frame chosen, there is no unique world-at-an-instant. Thus the classical view that there is a unique set of events existing now in a three dimensional space cannot be sustained. The two solutions most often advanced are that the four-dimensional structure of events and processes is alone real, and that becoming present is not an objective part of reality; and that present existence is not an absolute notion, but is (...) relative to inertial frame; the world-at-an-instant is a three dimensional, but relative, reality. According to a third view, advanced by Robb, Capek and Stein, what is present at a given spacetime point is, strictly speaking, constituted by that point alone. I argue here against the first of these views that the four-dimensional universe cannot be said to exist now, already, or indeed at any time at all; so that talk of its existence or reality as if that precludes the existence or reality of the present is a non sequitur. The second view assumes that in relativistic physics time lapse is measured by the time co-ordinate function; against this I maintain that it is in fact measured by the proper time, as I argue by reference to the Twin Paradox. The third view, although formally correct, is tarnished by its unrealistic assumption of point-events. This makes it susceptible to paradox, and also sets it at variance with our normal intuitions of the present. I argue that a defensible concept of the present is nonetheless obtainable when account is taken of the non-instantaneity of events, including that of conscious awareness, as that region of spacetime comprised between the forward lightcone of the beginning of a small interval of proper time t and the backward lightcone of the end of that interval. This gives a serviceable notion of what is present to a given event of short duration, as well as saving our intuition of the “reality” or robustness of present events. (shrink)

This is about a proposed solution to the exclusion problem, one I've defended elsewhere. Details aside, it's just the identity theory : mental properties face no threat of exclusion from, or preemption by, physical properties, because every mental property is a physical property. Here I elaborate on this solution and defend it from some objections. One of my goals is to place it in the context of a more general ontology of properties, in particular, a trope ontology.

In lieu of an abstract, here is a brief excerpt of the content:Reviewed by:Thales of Miletus: The Beginnings of Western Science and PhilosophyKevin RobbPatricia F. O’Grady. Thales of Miletus: The Beginnings of Western Science and Philosophy. Aldershot, England: Ashgate, 2002. Pp xxii + 310. Paper, $84.95.This book has a consistent thesis: Thales of Miletus was the first Western scientist and philosopher not just for what he began, but for what he himself said (or, as O'Grady believes, wrote). On this view, (...) Thales made significant contributions to metaphysics ("He asked the question: 'What is real?' no less than Plato and Aristotle did," 249), cosmology (on the earth and earthquakes, 87 ff.), astronomy (notably the eclipse, 126 ff.), mathematics (Proclus attributes Euclidean theorems to Thales, 191 ff.), psychology (on psyche) and theology (on "full of the gods," 108 ff.). O'Grady's thesis is that we know enough about Thales' thoughts in these areas (each a treacherous minefield of scholarly dispute, as O'Grady admits) that, after a clarified understanding of "Scientificity and Rationality" (her awkward title for Chapter 11), we can confidently conclude that philosophy and science were well begun by Thales. "I believe I have drawn a clear and detailed picture of a brilliant, veracious, and courageously speculative Greek. I see him as a questioner of almost everything, an investigator of nature...Thales is not the mere shadowy figure of Guthrie's perception. He is a man of substance, a man of distinction and of lasting importance" (251).O'Grady had early noted that W. K. C. Guthrie considered Thales a shadowy figure historically, made all the more so, Guthrie believed, because the legend kept expanding. For example, a sixth-century Thales as the seeker after the material archê, and so the first important physikos, is unknown before fourth-century Aristotle's Metaphysics Alpha, and by the time Euclidean theorems are attributed to Thales the tendency to foist imposing discoveries on famous persons was prevalent.This raises the major issue concerning O'Grady's exhaustively researched book. To what extent can the doxographic sources (the "A" sections of Diels's 1903Die Fragmente der Vorsokratiker), be used to interpret the Presocratics, especially if the original wording from a thinker perished (any "B" section quotations). It is clear that in the fourth century nothing in writing from Thales survived for the Lyceum to read and catalogue although its scholars clearly sought it; the repeated legetai ("it is said") of Aristotle in Metaphysics Alpha and elsewhere is decisive. It is his standard way of indicating that no written work on the matter survives to be consulted, but stories or oral accounts do.O'Grady's thesis requires that the "A" section material be exploited fully, especially to present Thales as a philosopher (29-70). Many historians will be unwilling to take the entire journey with her. Some (Harold Cherniss) would balk at the first step. The demand for confirming ipsissima verba (or "B" quotations) to reconstruct the thought of any Presocratic with real confidence (as once proposed by G. S. Kirk) threatens to exclude Thales from histories of philosophy, an unsatisfactory result. Even so, Harold Cherniss proposed that drastic solution in 1935 in his magisterial Aristotle's Criticism of Presocratric Philosophy. Presocratic philosophy, he argued, should begin with Anaximander (375).The heart of Cherniss's numbingly exhaustive argument (400 + pages) was that Aristotle's purpose in surveying his predecessors's views was never historical, but dialectical. His intent was to argue for a fourfold causality (on the grounds only four archai had been turned up by all his predecessors, starting with Thales' material cause), and to fit those predecessors's views into a theory of natural causality as he had finally formulated it in his sophisticated, [End Page 107] largely technical vocabulary. Aristotle's "historical" notices on which all later accounts must depend were, thus, never history; the problem and the solution, along with their language, were Aristotle's alone. If Theophrastus paraphrased what he found in Aristotle (McDiarmid), and if the post-Aristotelian doxographic notices were largely dependent on Theophrastus (so already Diels in 1879, in Doxographi Graeci), then any attempt to extract a philosophical Thales from the later doxographic sources (or Aristotle) is methodologically doomed from... (shrink)

A selection of speeches and essays from the author's second decade as president of Yale University.

One of the most remarkable recent findings in developmental biology has been the colinear and homologous relationships shared between the Drosophila HOM‐C and vertebrate Hox homeobox gene complexes. These relationships pose the question of the functional significance of colinearity and its molecular basis. While there was much initial resistance to the validity of this comparison, it now appears the Hox/HOM homology reflects a broad degree of evolutionary conservation which has reawakened interest in comparative embryology and evolution.The evolutionary conservation of protein (...) motifs in many gene families (including those for growth factors, secreted and membrane bound signalling factors, adhesion molecules, cytoplasmic receptor kinases, nuclear receptors and transcription factors) has lead to speculation on the extent to which these homology relationships represent common developmental processes and underlying molecular mechanisms. Structural identities in a protein may indicate the biochemical/molecular function that a protein plays in cellular and developmental processes, without reflecting a conserved role in a cascade of developmental events. However, the analysis of genes encoding transcription factors has provided evidence suggesting that there are gene complexes in arthropods and vertebrates which are true homologues and which may share common roles in the specification of regional identity along embryonic A‐P axis. These genes comprise the Box/HOM‐C homeotic complexes. This review will detail some of the evidence for this proposed relationship and will speculate on the functional implications. (shrink)

A central feature of being a celebrity is experiencing a divide between one's public image and private life. By appealing to the phenomenology of Sartre and Merleau-Ponty, we analyze this experience as paradoxically involving both a disconnection and alienation from one's public persona and a sense of close connection with it. This ‘uncanny’ experience presents a psychological conflict for celebrities: they may have a public persona they feel alienated from and that is at the same time closely connected to them (...) and shapes many of their personal interactions. We offer three ways in which a celebrity might approach this conflict: (i) eradicating the divide between their public and private selves, (ii) splitting or separating their private and public selves, or (iii) embracing the arising tension. We argue that it is only this third approach that successfully mitigates the negative effects of the alienation felt by many celebrities. (shrink)

Is simulation some new kind of science? We argue that instead simulation fits smoothly into existing scientific practice, but does so in several importantly different ways. Simulations in general, and computer simulations in particular, ought to be understood as techniques which, like many scientific techniques, can be employed in the service of various and diverse epistemic goals. We focus our attentions on the way in which simulations can function as (i) explanatory and (ii) predictive tools. We argue that a wide (...) variety of simulations, both computational and physical, are best conceived in terms of a set of common features: initial or input conditions, a mechanism or set of rules, and a set of results or output conditions. Studying simulations in these terms yields a new understanding of their character as well as a body of normative recommendations for the care and feeding of scientific simulations. (shrink)

Hegel opens the first book of his Science of Logic with the statement of a problem: “The beginning of philosophy must be either something mediated or something immediate, and it is easy to show that it can be neither the one nor the other, so either way of beginning finds its rebuttal.” Despite its significant placement, exactly what Hegel means in his expression of this problem and exactly what his solution to it is, remain unclear. -/- In this book, (...) class='Hi'>Robb Dunphy provides a detailed engagement with Hegel’s “problem of beginning”, locating it within Hegel’s account of significant approaches to the topic of beginning in the history of Western philosophy, as well as making an extended case for the influence of Pyrrhonian Scepticism on the beginning of Hegel’s Logic. Dunphy’s discussion of the various putative solutions that Hegel might be thought to put forward contributes to debates concerning Hegel’s views on the methodology of logic, the relation between his Logic and his Phenomenology of Spirit, and differences between his Encyclopaedia presentation of logic and that of his greater Science of Logic. -/- Hegel and the Problem of Beginning also functions as a critical commentary on Hegel’s essay, “With what must the beginning of the science be made?” which should be of interest to both researchers and students working on the opening of Hegel’s Logic. (shrink)

In this article I develop an interpretation of the opening passages of Hegel's essay ‘With what must the beginning of science be made?’ I suggest firstly that Hegel is engaging there with a distinctive problem, the overcoming of which he understands to be necessary in order to guarantee the scientific character of the derivation of the fundamental categories of thought which he undertakes in the Science of Logic. I refer to this as ‘the problem of beginning’. I proceed to clarify (...) the nature of the problem, which I understand to be motivated by a concern to avoid arbitrariness, and then to detail the nature of Hegel's proposed solution, which turns on understanding how the concept of ‘pure being’, understood in a specific sense to be both mediated and immediate, avoids the concerns about arbitrariness which accompany attempts to begin merely with something mediated, or merely with something immediate. On this basis, I offer a number of criticisms of alternative approaches to the beginning of Hegel's Logic. (shrink)

When travelling to a new city, we acquire knowledge about its physical terrain, directions, historical facts and aesthetic features. Engaging in tourism practices, such as guided walking tours, provides experiences of a city that are necessarily mediated and partial. This has led scholars in tourism studies, and more recently in philosophy, to question the epistemological value of city tours, critiquingthem as passive, lacking in autonomous agency, and providing misrepresentative experiences of the city. In response, we argue that the mediated and (...) partial knowledge of a city acquired through city tours is not epistemologically disvaluable. Although city tours involve the transmission of testimonial knowledge, this does not necessarily render tourists as passive and non-autonomous. Instead,tourists have the potential to participate in the generation of their knowledge actively. Moreover, we argue that city tours also provide a tourist with valuable ‘objectual’ knowledge of a city, whichhas the potential to be first-personal and active, and does not necessarily misrepresent the city’s identity. This type of knowledge is valuable both for tourists as credible epistemic agents, and for the city itself, as the knowledge generated by the tour can facilitate an accurate representation of the city and promote social transformation. We conclude by highlighting four further epistemic and ethical implications of our argument. (shrink)

This is an account of Sceptical investigation as it is presented by Sextus Empiricus. I focus attention on the motivation behind the Sceptic’s investigation, the goal of that investigation, and on the development Sextus describes from proto-Sceptical to Sceptical investigator. I suggest that recent accounts of the Sceptic’s investigative practice do not make sufficient sense of the fact that the Sceptic finds a relief from disturbance by way of suspending judgement, nor of the apparent continuity between proto-Sceptical and Sceptical investigation. (...) I offer an alternative account which turns on the suggestion that the Sceptic accepts that justification is the norm of belief. (shrink)

What we value, like, endorse, want, and prefer changes over the course of our lives. Richard Pettigrew presents a theory of rational decision making for agents who recognise that their values will change over time and whose decisions will affect those future times.

Orientalism and Religion offers us a timely discussion of the implications of contemporary post-colonial theory for the study of religion. Drawing on a variety of post-structuralist and post-colonial thinkers, including Foucault, Gadamer, Said, and Spivak, Richard King examines the way in which notions such as mysticism, religion, Hinduism and Buddhism are taken for granted, and shows us how religion needs to be redescribed along the lines of cultural studies.

This paper argues firstly that the argument of Hegel's Phenomenology of Spirit is necessary for the justification of the beginning of his logical project, and secondly that Hegel's attempt to secure the beginning of his Science of Logic by relying upon the argument of the Phenomenology fails. I argue firstly that the position taken up at the beginning of Hegel's Logic is constructed in such a fashion that it relies upon the argument of the Phenomenology to justify it. I then (...) offer some support for the view of the relationship between the two texts defended by Maker in order to see how the two might be thought to be compatible. Finally, in the longest part of the paper, I offer a number of reasons for thinking that attempts to render the two compatible in this fashion fail. I therefore conclude that, as it stands, the beginning of Hegel's Logic is not secured against objection in the way that Hegel wants it to be. (shrink)

This is the third edition of a classic book first published in 1960, which has sold thousands of copies in two paperback edition and has been translated into several foreign languages. Popkin's work ha generated innumerable citations, and remains a valuable stimulus to current historical research. In this updated version, he has revised and expanded throughout, and has added three new chapters, one on Savonarola, one on Henry More and Ralph Cudworth, and one on Pascal. This authoritative treatment of the (...) theme of scepticism and its historical impact will appeal to scholars and students of early modern history now as much as ever. (shrink)

Throughout, this book questions our accepted definitions and biases, showing the self-reflective nature of scientific activity within society.

In this paper, I propose that Derrida’s writing on the impossibility of justice has the potential for fruitful dialogue with Ruth Chang’s contemporary account of practical rationality. For Derrida, making a just decision must always come with a moment of undecidability, a “leap” into the unknown with an experience of doubt and anxiety that continues to “haunt” the decision-maker. By contrast, in her work on rationality, Chang proposes that hard decisions are difficult to make because the alternatives are “on a (...) par,” such that there are no rational differences between the alternatives that would contribute to choosing one over the other. Hard decisions are made by expressing one’s own rational agency, generating will-based reasons to commit to or “drift” into one of the alternatives. Derrida writes of anxiety, doubt, and impossibility, yet Chang writes of commitment, agency, and rationality. Despite these differences, there are important comparisons and connections between the two accounts that are worth exploring. I suggest that the moment of the decision which Derrida describes as heterogeneous to knowledge can be understood as a moment of parity in which there is a lack of given reasons, as explained by Chang. Chang’s account of rational agency provides an interpretation of how decision-making is possible despite the undecidability as described by Derrida. This notion of commitment and agency as explained by Chang is not incompatible with Derrida’s insistence that the responsible decision is haunted by anxiety and doubt. Instead, I suggest that Derrida’s writing highlights uncertainty as central to understanding the nature of hard choices and how to navigate the demands of justice. (shrink)

Almost thirty years ago, in an attempt to undermine what he termed "the principle of alternate possibilities" (the thesis that people are morally responsible for what they have done only if they could have done otherwise), Harry Frankfurt offered an ingenious thought-experiment that has played a major role in subsequent work on moral responsibility and free will. Several philosophers, including David Widerker and Robert Kane, argued recently that this thought-experiment and others like it are fundamentally flawed. This paper develops a (...) new Frankfurt-style example that is immune to their objections. [Reprinted in Laura Waddell Ekstrom, ed., Agency and Responsibility: Essays on the Metaphysics of Freedom (Westview Press, 2001), pp. 241-54; and in John Martin Fischer, ed., Free Will, Vol. III (Routledge, 2005), pp. 330-42.]. (shrink)

Thinking through the body: educating for the humanities -- The body as background -- Self-knowledge and its discontents: from Socrates to somaesthetics -- Muscle memory and the somaesthetic pathologies of everyday life -- Somaesthetics in the philosophy classroom: a practical approach -- Somaesthetics and the limits of aesthetics -- Somaesthetics and Burke's sublime -- Pragmatism and cultural politics: from textualism to somaesthetics -- Body consciousness and performance -- Somaesthetics and architecture: a critical option -- Photography as performative process -- Asian (...) ars erotica and the question of sexual aesthetics -- Philosophy as awakened life : everyday aesthetics of embodiment in American transcendentalism and Japanese Zen practice -- Somatic style. (shrink)

Conditionalization is one of the central norms of Bayesian epistemology. But there are a number of competing formulations, and a number of arguments that purport to establish it. In this paper, I explore which formulations of the norm are supported by which arguments. In their standard formulations, each of the arguments I consider here depends on the same assumption, which I call Deterministic Updating. I will investigate whether it is possible to amend these arguments so that they no longer depend (...) on it. As I show, whether this is possible depends on the formulation of the norm under consideration. (shrink)

According to certain normative theories in epistemology, rationality requires us to be logically omniscient. Yet this prescription clashes with our ordinary judgments of rationality. How should we resolve this tension? In this paper, I focus particularly on the logical omniscience requirement in Bayesian epistemology. Building on a key insight by Hacking :311–325, 1967), I develop a version of Bayesianism that permits logical ignorance. This includes: an account of the synchronic norms that govern a logically ignorant individual at any given time; (...) an account of how we reduce our logical ignorance by learning logical facts and how we should update our credences in response to such evidence; and an account of when logical ignorance is irrational and when it isn’t. At the end, I explain why the requirement of logical omniscience remains true of ideal agents with no computational, processing, or storage limitations. (shrink)

The book begins with an overview that introduces the Theorem and the issues surrounding it, and explores how the essays that follow contribute to our understanding of those issues.

Can we decide to trust? Sometimes, yes. And when we do, we need not believe that our trust will be vindicated. This paper is motivated by the need to incorporate these facts into an account of trust. Trust involves reliance; and in addition it requires the taking of a reactive attitude to that reliance. I explain how the states involved here differ from belief. And I explore the limits of our ability to trust. I then turn to the idea of (...) trusting what others say. I suggest that we sometimes decide to trust people to be sincere and knowledgeable; and that having taken this attitude towards them, we come to believe what they say. I spell out some consequences that this has for an account of testimony, and for van Fraassen's decision theoretic principle of Reflection. (shrink)

In this chapter we analyse the nature and ethical implications of parasocial relationships. While this type of relationship has received significant attention in other interdisciplinary fields such as celebrity studies and fan studies, philosophers have so far had very little to say about them. Parasocial relationships are usually defined as asymmetrical, in which a media-user closely relates to a media-personality as if they were a friend or family member, and where this connection is mostly unreciprocated. We focus on the most (...) typical form of this kind of relationship, between fans and celebrities. We argue that a parasocial relationship between fan and celebrity is a distinct kind of personal relationship, constituted by three basic structural asymmetries: attention, communication, and epistemic. These asymmetries give rise to a more substantial asymmetry concerning the way in which celebrities and fans have ‘directive’ or ‘interpretative’ influence over each other’s identity. This can lead to a failure of recognition respect, and generates ethical responsibilities for both fans and celebrities. We conclude by noting that the structural asymmetries we find in parasocial relationships are present in many other types of relationship, especially those in which one person holds a position of power. As such, it is valuable to pay attention to the way in which asymmetries point to forms of parasociality in these other relationships, and the extent to which they give rise to distinct ethical responsibilities. (shrink)

Strangers, Gods and Monster is a fascinating look at how human identity is shaped by three powerful but enigmatic forces. Often overlooked in accounts of how we think about ourselves and others, Richard Kearney skillfully shows, with the help of vivid examples and illustrations, how the human outlook on the world is formed by the mysterious triumvirate of strangers, gods and monsters. Throughout, Richard Kearney shows how strangers, gods and monsters do not merely reside in myths or fantasies (...) but constitute a central part of our cultural unconscious. Above all, he argues that until we understand better that the Other resides deep within ourselves, we can have little hope of understanding how our most basic fears and desires manifest themselves in the external world and how we can learn to live with them. (shrink)

Agency in Archaeology is the first critical volume to scrutinize the concept of agency and to examine in-depth its potential to inform our understanding of the past. Theories of agency recognize that human beings make choices, hold intentions and take action. This offers archaeologists scope to move beyond looking at the broad structural or environmental change and instead to consider the individual and the group. The book brings together nineteen internationally renowned scholars who have very different, and often conflicting, stances (...) on the meaning and use of agency theory to archaeology. (shrink)

The Desire-as-Belief thesis (DAB) states that any rational person desires a proposition exactly to the degree that she believes or expects the proposition to be good. Many people take David Lewis to have shown the thesis to be inconsistent with Bayesian decision theory. However, as we show, Lewis's argument was based on an Invariance condition that itself is inconsistent with the (standard formulation of the) version of Bayesian decision theory that he assumed in his arguments against DAB. The aim of (...) this paper is to explore what impact the rejection of Invariance has on the DAB thesis. Without assuming Invariance, we first refute all versions of DAB that entail that there are only two levels of goodness. We next consider two theses according to which rational desires are intimately connected to expectations of (multi-levelled) goodness, and show that these are consistent with Bayesian decision theory as long as we assume that the contents of 'value propositions' are not fixed. We explain why this conclusion is independently plausible, and show how to construct such propositions. (shrink)