The paper uses the example of the failure of bankers and financial managers to understand the risks of dealing in structured financial products, before the financial collapse, to investigate how people respond to crises. It focuses on whether crises cause people to challenge their habitual frames by the application of moral imagination. It is proposed that the structure of financial products and their markets triggered the use of heuristics that contributed to the underestimation of risks. It is further proposed that (...) such framing heuristics are highly specialised to specific contexts and are part of a wider set of heuristics that people carry in their cognitive ‘adaptive toolboxes’. Consequently, it is argued, when a crisis occurs, the heuristics are not challenged, but are simply put away, and other more appropriate heuristics are put to use until a sense of normality returns, and the use of the old heuristics is resumed. (shrink)

The paper uses the example of the failure of bankers and financial managers to understand the risks of dealing in structured financial products, before the financial collapse, to investigate how people respond to crises. It focuses on whether crises cause people to challenge their habitual frames by the application of moral imagination. It is proposed that the structure of financial products and their markets triggered the use of heuristics that contributed to the underestimation of risks. It is further proposed that (...) such framing heuristics are highly specialised to specific contexts and are part of a wider set of heuristics that people carry in their cognitive ‘adaptive toolboxes’. Consequently, it is argued, when a crisis occurs, the heuristics are not challenged, but are simply put away, and other more appropriate heuristics are put to use until a sense of normality returns, and the use of the old heuristics is resumed. (shrink)

The two theories of verbal cognition, namely abhihitānvaya and anvitābhidhāna, first put forth by the Bhāṭṭa and Prābhākara Mīmāṃsakas respectively in the second half of the first millennium C.E., can be considered as being foundational as all subsequent thinkers of the Sanskritic intellectual tradition engaged with and elaborated upon these while debating the nature of language and meaning. In this paper, I focus on the first chapter of Śālikanātha’s Vākyārthamātṛkā and outline the process of anvitābhidhāna described therein. Śālikanātha explains this (...) as comprising three steps, and thereafter discusses each of these three to elaborate upon and philosophically defend this conception of how one cognizes sentential meaning. The aim of this paper is to present Śālikanātha’s three-step model, and thus demonstrate especially the distinct conception of abhidhāna for the Prābhākara Mīmāṃsakas as complex and chronologically extended as contrasted with the Bhāṭṭa conception of abhidhāna as non-complex and instantaneous. Such an understanding of the disparate semantic contents with which the Bhāṭṭas and Prābhākaras use the identical term abhidhāna is crucial for any correct study of their respective doctrines. (shrink)

The coronavirus disease 2019 pandemic led to various government-imposed limitations on social interaction and strict home confinement. Such involuntary social-distancing policies can exacerbate feelings of loneliness and alter emotional well-being. Dysregulation of the hypothalamic-pituitary-adrenocortical axis is a potential mechanism for loneliness’ deleterious health effects. In this study, we explored whether pre-pandemic diurnal cortisol output, a measure of HPA axis function, may predict the propensity to changes in loneliness during long-term COVID-19 home confinement and if extraversion would moderate this relationship. This (...) association has been explored by analysing the impact of COVID-19 pandemic and strict home confinement on social and emotional loneliness in 45 Spanish young adults. Diurnal cortisol levels were measured from five saliva samples obtained across a day just before the pandemic, and data about participants’ perceived loneliness, empathic state, extraversion, and prospective volunteering were obtained both before and during the confinement. Participants’ social and family loneliness increased during long-term strict home confinement, while prospective volunteering tendencies and extraversion decreased. Importantly, after adjusting for relevant confounders, moderation analyses revealed that in young adults with high pre-pandemic extraversion, a higher AUCG predicted a larger increase in social loneliness during confinement, while in individuals with low extraversion, AUCG was negatively related to change in loneliness. Our findings highlight the utility of pre-pandemic diurnal cortisol output in predicting the social impact of COVID-19 home confinement, presenting this hormone as a potential biomarker for a priori identification of at-risk groups during public health crises. (shrink)

The role of memory in one’s cognition of sentential meaning is a pivotal topic in Indian philosophical debates on the nature of language. The Bhāṭṭa Mīmāṃsakas claim in their doctrine of abhihitānvaya that words denote word-meanings which in turn lead one to sentential meaning, with memory playing only a limited role in this process. The Prābhākara Mīmāṃsakas however assign memory a central role and assert that each word in a sentence denotes the connected sentential meaning. This paper is a philosophical (...) and philological study of the arguments presented by the influential Prābhākara thinker Śālikanātha in his Vākyārthamātṛkā-I in order to substantiate the role of memory as part of the doctrine of anvitābhidhāna. The VM-I commences these discussions with an objection of the Bhāṭṭa pūrvapakṣin against this Prābhākara doctrine, and thereafter proceeds to refute this objection by demonstrating the role of memory, specifically in regard to word-meaning. Śālikanātha lays out his refutation by means of several layers of intricate argumentation, and this paper attempts to follow the text closely and present cogently his philosophical reasoning. The aim of this paper is thus to not only demonstrate the early pre-empting of this Bhāṭṭa objection by Śālikanātha himself but also his own responses to this, thereby enabling one to understand with greater clarity a cornerstone of the elaborate doctrine of anvitābhidhāna. (shrink)

The Mīmāṃsā mission of disambiguating Vedic texts led the thinkers of the tradition to confront several instances of apparently conflicting Vedic commands. Consider the two cases: ‘give alms daily’ vs ‘do not give alms during ritual X’, and ‘never harm another’ vs ‘sacrifice an animal during ritual Y’. Each command in these two cases is derived from the Vedas and Mīmāṃsā authors thus attempted to resolve such cases of deontic conflict by putting forth hermeneutic solutions, without taking recourse to any (...) other epistemic source. In this paper, I present several instances of conflicting Vedic commands and indicate three distinct types of deontic conflicts as well as their corresponding solutions as identified by Mīmāṃsā thinkers. This study is based on discussions put forth in four important Mīmāṃsā texts: the Pūrvamīmāṃsāsūtra, the Śābarabhāṣya, Kumārila’s Ṭupṭīkā and Āpadeva’s Mīmāṃsānyāyaprakāśa. I explain the foundational difference between prescriptions and prohibitions for Mīmāṃsā thinkers, and thereby also discuss several technical conceptions such as paryudāsa, vikalpa, prāpti and bādha among others. In doing so, I attempt to highlight certain fundamental tenets of the vast and intricate hermeneutic framework developed within the Mīmāṃsā tradition. (shrink)

This study explores the impact of both individual ethics (IE) and organizational ethics (OE) on ethical intention (EI). Ethical intention, or the individual’s intention to engage in ethical behavior, is useful as a dependent variable because it relates to behavior which can be an expression of values, but also is influenced by organizational and societal variables. The focus is on EI in international business decision-making, since the international context provides great latitude in making ethical decisions. Results demonstrate that both IE (...) and OE influence EI. Ethical congruence is also discussed as a positive influence. Younger managers are more influenced by OE than older managers. The findings call for creating governance mechanisms to enhance ethical congruence, thereby increasing the likelihood of managers making ethical choices in organizational decision-making. (shrink)

This study explores the impact of both individual ethics (IE) and organizational ethics (OE) on ethical intention (EI). Ethical intention, or the individual's intention to engage in ethical behavior, is useful as a dependent variable because it relates to behavior which can be an expression of values, but also is influenced by organizational and societal variables. The focus is on EI in international business decision-making, since the international context provides great latitude in making ethical decisions. Results demonstrate that both IE (...) and OE influence EL Ethical congruence is also discussed as a positive influence. Younger managers are more influenced by OE than older managers. The findings call for creating governance mechanisms to enhance ethical congruence, thereby increasing the likelihood of managers making ethical choices in organizational decision-making. (shrink)