We study behind-the-scenes investor activism promoting environmental, social, and governance improvements by means of a proprietary dataset of a large international, socially responsible activist fund. We examine the activist’s target selection, forms of engagement, impact on ESG performance, drivers of success, and effects on the targets’ operations and value creation. Target firms are typically large and visible, perform well, and have high liquidity and low ESG performance. Engagement induces ESG rating adjustments: firms with poor ex ante ESG ratings experience a (...) ratings increase after complying with the activist’s demands, whereas firms with high ex ante ESG ratings experience a ratings decrease following the revelation of their ESG problems. Activism that is focused on environmental and social issues is more likely to succeed if targets are ESG-sensitive. Successful engagements boost targets’ sales. Risk-adjusted excess stock returns of successful engagements outperform those of unsuccessful engagements by 2.7%. Results are especially strong for firms with low ex ante ESG scores. Specifically, targeted firms in the lowest ex ante ESG quartile outperform matched peers by 7.5% in the year after the end of the engagement. Our results thus suggest that the activism regarding corporate social responsibility generally improves ESG practices and corporate sales and is profitable to the activist. Taken together, we provide direct evidence that ethical investing and strong financial performance, both from the activist’s and the targeted firm’s perspective, can go hand-in-hand together. (shrink)

The paper introduces a special issue of the journal Philosophical Problems in Science (ZFN) on the topic of the nature and norms of scientific explanation.

This textbook is a flexible and affordable collection of classic and contemporary primary sources in philosophy. The readings cover seven basic topics of Western Philosophy. The selections are long enough to present a self-contained argument but not so lengthy that students lose track of the main point. Each reading has an outline with study questions, questions for reflection and discussion, and an annotated bibliography. The book includes a glossary and an appendix on logic and argumentation.

Nous partageons le problème de savoir comment faire face à autant d'humains si semblables et si différents. A autant d'êtres qui ne peuvent interpréter le fait d'exister sans se comparer les uns aux autres, sans se distinguer les uns des autres, et qui doivent néanmoins cohabiter. Et de savoir comment ces humains peuvent d'autant plus se distinguer qu'ils prennent la place successivement les uns les autres, qu'ils reprennent les mêmes traces et doivent les réinterpréter. La première formulation du problème est (...) plutôt celle de la problématologie, dans la mesure où elle place au centre de la condition humaine le langage ordinaire, l'incessante différence de la question et de la réponse. C'est par elle que les humains mesurent ce qui les éloigne ou les rapproche et qu'ils règlent leurs désaccords. La seconde formulation du problème est plutôt celle de l'herméneutique, dans la mesure où elle place au centre de la condition humaine la condition interprétative, où chaque génération doit réinterpréter le monde où elle se découvre, pour reprendre la conversation rompue par la mort. En exposant ces deux " gestes " élémentaires du questionnement, en construisant l'écart entre deux traditions philosophiques de styles aussi hétérogènes, sans chercher à les subordonner l'un à l'autre, il s'est agi de penser une éthique de l'interrogativité. Ce sens de l'interrogation peut seul orienter nos " éthiques de responsabilité " et nous remettre ensemble dans un monde où nous comparaissons d'autant plus heureux de nous distinguer que nous nous effaçons devant l'autre. Ces deux attitudes font notre civilité. (shrink)

An evolutionary theory of socialization suggests that children from father-absent families will mature earlier, and form less-stable pair bonds, compared with those from father-present families. Using a sample of about 1,000 persons the recent study focuses on elements of father-absent children’s behavior that could be better explained by a Darwinian approach than by rival social science theories. As a result of their enhanced interest in male competition, father-absent boys were found to engage in rule-breaking behavior more intensively than father-present boys. (...) Compared with father-present children, adolescents from widowed households (both boys and girls) showed a higher intensity of various kinds of noncompliant behavior, which can be linked to their earlier maturation. School attendance, age at marriage, and marital success proved to be influenced by the children’s early family experiences, governed by adapted evolutionary strategies. Father-absent daughters conceived more children than those whose fathers were present during their childhood. As evolutionary theory predicts, reproductive behavior of individuals from divorced households differed from that of individuals who grew up in widowed households. Finally, the strong correlation found between spontaneous abortion/stillbirths and family arrangement indicates that father absence has certain direct impacts on the neurohormonal processes of child development. (shrink)

While scientific inquiry crucially relies on the extraction of patterns from data, we still have a far from perfect understanding of the metaphysics of patterns—and, in particular, of what makes a pattern real. In this paper we derive a criterion of real-patternhood from the notion of conditional Kolmogorov complexity. The resulting account belongs to the philosophical tradition, initiated by Dennett :27–51, 1991), that links real-patternhood to data compressibility, but is simpler and formally more perspicuous than other proposals previously defended in (...) the literature. It also successfully enforces a non-redundancy principle, suggested by Ladyman and Ross, that aims to exclude from real-patternhood those patterns that can be ignored without loss of information about the target dataset, and which their own account fails to enforce. (shrink)

Friedrich Nietzsche has emerged as one of the most important and influential modern philosophers. For several decades, the book series Monographien und Texte zur Nietzsche-Forschung has set the agenda in a rapidly growing and changing field of Nietzsche scholarship. The scope of the series is interdisciplinary and international in orientation reflects the entire spectrum of research on Nietzsche, from philosophy to literary studies and political theory. The series publishes monographs and edited volumes that undergo a strict peer-review process. The book (...) series is led by an international team of editors, whose work represents the full range of current Nietzsche scholarship. (shrink)

_Essays on Wittgenstein and Austrian Philosophy_ is presented for the 60th birthday of professor Christoph Nyíri. The essays presented here for the first time are focused on Austrian intellectual history, and on Wittgenstein’s philosophy – the two main areas of Professor Nyíri’s interests. Typically, the contributors are outstanding scholars of the field, including among others David Bloor, Lee Congdon, Newton Garver, Wilhelm Lütterfields, Joachim Schulte, Barry Smith. The volume is of primary interest for Wittgenstein scholars and those studying the 19th (...) and 20th century Austrian intellectual history. As the volume is presented for Professor Nyíri, the papers collected here reflect his interests in Wittgenstein and Austrian philosophy. Beginning with an introductory chapter on Nyiri’s achievements in this field of scholarship, the volume is in four parts. The first part contains essays on Austrian philosophy broadly understood, more precisely on its socio-historical context (Barry Smith and Wolfgang Grassl), on the relation between Marxism and Arnold Hauser’s philosophy and sociology of art (Lee Congdon), and Neurath’s connection to naturalistic epistemologies (Thomas Uebel). The second part presents Wittgenstein's philosophy in context. Jaakko Hintikka’s paper argues that Wittgenstein’s probable dyslexia can be seen as an external influence on and a source of his philosophy. David Bloor discusses Wittgenstein’s philosophy in the context of Edmund Burke’s conservatism, which can be read as a background of Nyiri’s influential interpretation of Wittgenstein as a conservative philosopher. Newton Garver also touches on the problem of conservatism while discussing passages of _On Certainty_ in the context of Kant, Moore, and T.S. Eliot. Klaus Puhl’s essay connects Wittgenstein’s remarks on rule-following to Freud’s concept of retroactivity, and argues that rules emerging from empirical regularities can be seen as retroactive constructions. The papers in the third part of the volume offer close readings of Wittgenstein’s works. Rudolf Lüthe offers two readings of Wittgenstein’s criticism of philosophy in the _Tractatus_ can be read in two ways with different consequences, among them is the appearance of philosophy inspired by art rather than the sciences. Joachim Schulte offers an interpretation of Wittgenstein’s use of ’natural history’ that can accommodate all of his remarks containing this concept. Herbert Hrachovec discusses the relation of pictorial and linguistic representations in Wittgenstein’s _Nachlass, _arguing that there is no pronounced opposition between the two. The forth part of the book, containing three papers in German, continues the close inspection of Wittgenstein’s later works. Wilhelm Lütterfelds reconstructs Wittgenstein’s philosophy of time as pointing out memory being the very source of time. Katalin Neumer inspects Wittgenstein’s frequent references to photographs in the context of aspect-seeing and compares them with other remarks on theatre, painting, and music. She concludes that there are no philosophically important structural differences between them. Peter Keicher’s paper offers a comprehensive view on Wittgenstein’s prefaces in the context of his various book-projects. The volume ends with a select bibliography of Professor Nyiri’s works. (shrink)

Unethical behavior in organizations has garnered more and more attention in the last decades but most of the scholarly work has used a static approach relying on methodological individualism and a mechanistic worldview when studying this topic. The process of moral disengagement and organizational culture have been linked to the prevalence of unethical behavior earlier, but this paper uses a complexity-informed systems perspective to explore the dynamic relationship of these concepts and aims to improve our understanding of the often unnoticeable, (...) step-by-step process through which organizational cultures can become conducive to unethical behavior. Organizations are conceptualized as complex adaptive systems in which transformative and stabilizing processes based on feedback loops take place continuously. It is discussed how these processes can lead to a phase transition driving organizations towards a state where unethical behavior is the general norm. The process is illustrated through real-life examples. (shrink)

J.C. Nyíri’s work is well-known for his interpretation of Wittgenstein as a conservative thinker. Nevertheless, his reading of Wittgenstein is only one strand, even if presumably the most influential one, in his general interpretation of Austro-Hungarian philosophy. Therefore his reading of Wittgenstein is best understood if viewed as part of a complex, sociologically inspired picture of Austrian philosophy. In this introductory essay I present Nyíri’s work as an exercise in the sociology of philosophical knowledge, broadly understood, and provide a unified (...) view on his attempt by exploring its various strands. (shrink)

Frontmatter -- Vorwort zur 2. Auflage -- Vorwort -- Inhaltsverzeichnis -- Erster Teil. Die Willen-zur-Macht-Prozesse -- Zweiter Teil. Der Gedanke der ewigen Wiederkehr des Gleichen -- Dritter Teil. Wiederkunftslehre und neuzeitliches Denken -- Literaturverzeichnis -- Personenregister -- Sachregister.

What are mental states? When we talk about people’s beliefs or desires, are we talking about what is happening inside their heads? If so, might cognitive science show that we are wrong? Might it turn out that mental states do not exist? Mental fictionalism offers a new approach to these longstanding questions about the mind. Its core idea is that mental states are useful fictions. When we talk about mental states, we are not formulating hypotheses about people’s inner machinery. Instead, (...) we simply talk "as if" people had certain inner states, such as beliefs or desires, in order to make sense of their behaviour. This is the first book dedicated to exploring mental fictionalism. Featuring contributions from established authors as well as up-and-coming scholars in this burgeoning field, the book reveals the exciting potential of a fictionalist approach to the mind, as well as the challenges it faces. In doing so, it offers a fresh perspective on foundational debates in the philosophy of mind, such as the nature of mental states and folk psychology, as well as hot topics in the field, such as embodied cognition and mental representation. Mental Fictionalism: Philosophical Explorations essential reading for advanced undergraduates, postgraduates and professionals alike. (shrink)

The Hungarian health care system is scheduled to undergo dramatic structural changes, emphasizing preventive medicine, health education, and competition among providers. Keywords: cost control, health care reform, health education, Hungary, market system, preventive medicine CiteULike Connotea Del.icio.us What's this?

The input data to grammar learning algorithms often consist of overt forms that do not contain full structural descriptions. This lack of information may contribute to the failure of learning. Past work on Optimality Theory introduced Robust Interpretive Parsing (RIP) as a partial solution to this problem. We generalize RIP and suggest replacing the winner candidate with a weighted mean violation of the potential winner candidates. A Boltzmann distribution is introduced on the winner set, and the distribution’s parameter $T$ is (...) gradually decreased. Finally, we show that GRIP, the Generalized Robust Interpretive Parsing Algorithm significantly improves the learning success rate in a model with standard constraints for metrical stress assignment. (shrink)

The paper contrasts Robert Brandom’s account of rationality with that of Daniel Dennett. It argues that neither of them is tenable, and sketches an alternative outlook that avoids the problems. In spite of their fundamental differences, both Brandom and Dennett employ a robust, i.e. explanatory and predictive notion of rationality, and for different reasons they both fail to offer a plausible theory supporting it. The lesson offered here is that rationality should not be treated alongside other norms prescribing behaviour, as (...) it cannot be accounted for in the same terms. Instead of ascribing rationality a robust role in a philosophical understanding of behaviour, it should be assigned a more modest one: its function should be located not in the context of explaining and predicting behaviour, but in the context of narratives folk psychological interpretation offers. (shrink)

Chromatic induction is a major contextual effect of color appearance. Patterned backgrounds are known to induce strong chromatic induction effects. However, it has not been clarified whether the spatial extent of the chromatic surrounding induces a chromatic contrast or assimilation effects. In this study, we examined the influence of the width of a center line and its flanking white contour on the color appearance when the line was surrounded by chromatic backgrounds. A strong color shift was observed when the center (...) line was flanked by white contours with the L/M- and S-cone chromatic backgrounds. There was a difference between the optimal widths of the center line and the contour for the shift in color appearance for the L/M-cone chromaticity and the S-cone chromaticity. The optimal width of the center line for the L/M-cone was finer than the resolution-limit width of the chromatic contrast sensitivity and coarser than that of the luminance contrast sensitivity. Thus, the color appearance of the center line could be obtained by integrating broad chromatic information and fine luminance details. Due to blurring and chromatic aberrations, the simulated artifact was large for the darker center line and S-cone background, thus suggesting that the artifact could explain the luminance dependency of the induction along the S-cone chromaticity. Moreover, the findings of this study reveal that the dominant factor of the color shift is neural instead of optical. (shrink)

For Jerry Fodor, Hume’sTreatise of Human Natureis “the foundational document of cognitive science” whose significance transcends mere historical interest: it is a source of theoretical inspiration in cognitive psychology. Here I am going to argue that those reading Hume along Fodor’s lines rely on a problematic, albeit inspiring, construction of Hume’s science of mind. My strategy in this paper is to contrast Fodor’s understanding of the Humean mind (consonant with the widely received view of Hume in both cognitive science and (...) much of Hume scholarship) with an alternative understanding that I propose. I thereby intend to show that the received view of Hume’s science of mind can be fruitfully revised while critically engaging with Fodor’s contemporary appropriation. Consequently, I use this occasion to put forward a rather unorthodox interpretation of Hume’s theory in dialogue with Fodor as my guide. (shrink)

Abstract:I defend that the distinctive object of our aesthetic evaluation of films is the full emotional experience, taken as a unified whole, that we go through as we watch a film and that I call the viewer's film emotional life. The aesthetic value itself—the positive quality we perceive in the experience of having had a certain film emotional life—is in the significance we experience in that film emotional life insofar as it contributes to the discovery and the exploration of the (...) viewer's human and individual emotional nature. I finally suggest that the explanation of the positive felt quality of such experience is in the progress it represents regarding our resourcefulness as emotional subjects toward the realization of our individual ideal of life. (shrink)

Lewis Carroll: Logic Charles L. Dodgson, 1832-1898, was a British mathematician, logician, and the author of the ‘Alice’ books, Alice’s Adventures in Wonderland and Through the Looking Glass and What Alice Found There. His fame derives principally from his literary works, but in the twentieth century some of his mathematical … Continue reading Lewis Carroll: Logic →.

Lewis Carroll: Logic Charles L. Dodgson, 1832-1898, was a British mathematician, logician, and the author of the ‘Alice’ books, Alice’s Adventures in Wonderland and Through the Looking Glass and What Alice Found There. His fame derives principally from his literary works, but in the twentieth century some of his mathematical … Continue reading Lewis Carroll: Logic →.

Wish-fulfilment as a singular means of satisfying ineluctable desire is a pivotal concept in classical psychoanalysis. Freud argued that it was the thread that united dreams, daydreams, phantasy, omnipotent thinking, neurotic and some psychotic symptoms such as hallucinations and delusions, art, myth, and religious illusions. The concept's theoretical exploration has been largely neglected within psychoanalysis since, but contemporary philosophers have recognised it as providing an explanatory model for much of the kind of irrational behaviour so problematic for psychiatry, social psychology (...) and the philosophy of mind. Although critically neglected in contemporary psychological and psychoanalytic thought, the concept remains clinically fundamental, under different labels: it encompasses the processes of omnipotent phantasy, symbolic or substitutive satisfaction, actualisation in transference and acting out, symptom formation and defenses such as projective identification. Wish-fulfilment can be shown to be a specifically psychoanalytic compartment of a common-sense psychological theory of action that illuminates not just clinical material but also the paradoxes of irrationality – such as weakness of will and self-deception – that preoccupy philosophers. The first half of this book develops a comprehensive and novel theory of wish-fulfilment, explores its radical implications for the structure of mind, and locates it against the backdrop of both contemporary psychoanalytic and philosophical thought. In the second half, the book applies the theory to illuminate important features of self-deception and delusion, religion, insanity defences, creative writing and the exclusion of mind and intention in the biological drift of modern psychiatry. The book will be essential to philosophers of mind, psychoanalysts, psychiatrists, psychologists, social theorists, and students in these disciplines; as well as readers interested in understanding how the mind works in mental illness, self-deception, religion, and creative writing. (shrink)

The debate between the amodal and the grounded views of cognition seems to be stuck. Their only substantial disagreement is about the vehicle or format of concepts. Amodal theorists reject the grounded claim that concepts are couched in the same modality-specific format as representations in sensory systems. The problem is that there is no clear characterization of format or its neural correlate. In order to make the disagreement empirically meaningful and move forward in the discussion we need a neurocognitive criterion (...) for representational format. I argue that efficient coding models in computational neuroscience can be used to characterize modal codes: These are codes which satisfy special informational demands imposed by sensory tasks. Additionally, I examine recent studies on neural coding and argue that although they do not provide conclusive evidence for either the grounded or the amodal views, they can be used to determine what predictions these approaches can make and what experimental and theoretical developments would be required to settle the debate. (shrink)

In this article I attempt to reconstruct David Hume's use of the label ?experimental? to characterise his method in the Treatise. Although its meaning may strike the present-day reader as unusual, such a reconstruction is possible from the background of eighteenth-century practices and concepts of natural inquiry. As I argue, Hume's inquiries into human nature are experimental not primarily because of the way the empirical data he uses are produced, but because of the way those data are theoretically processed. He (...) seems to follow a method of analysis and synthesis quite similar to the one advertised in Newton's Opticks, which profoundly influenced eighteenth-century natural and moral philosophy. This method brings him much closer to the methods of qualitative, chemical investigations than to mechanical approaches to both nature and human nature. (shrink)