This paper investigates whether managerial rhetoric in the Management Discussion and Analysis section of 10-K filings can help gauge the level of managerial opportunism in a firm. We find that the use of trust-related words is connected to inefficient investment decisions and poor operating performance. Furthermore, firms making more frequent use of trust-related words are subject to less monitoring by institutional investors or analysts. Their accounting also relies more heavily on discretionary accruals. These results are consistent with the notion that (...) managerial rhetoric to advertise trustworthiness points towards agency problems plaguing the firm. (shrink)

Using an event-study framework, we examine the stock market reaction to the announcement of firm withdrawal from countries designated as “State Sponsors of Terrorism” by the U.S. Department of State. We find that such announcements are, on average, linked to a statistically significant increase in firm value—an effect which already kicks in a few days before the announcement date. The observed abnormal returns are positively associated with the U.S. domicile, the intensity of a firm’s hitherto existing engagement in a designated (...) country, the number of countries that it withdraws from, as well as with a withdrawal from Iran compared to a withdrawal from other countries. Evidence suggests an increase in demand for stocks of withdrawing firms as a plausible cause of the positive stock price reaction. Pension and endowment funds are significantly less likely to own strategic stakes in firms with intensive involvements in countries designated as “State Sponsors of Terrorism.” We find some statistical evidence that firms remaining active in such countries have abnormally positive returns in the long run. (shrink)

Rational agents are supposed to maximize expected utility. But what are the options from which they choose? I outline some constraints on an adequate representation of an agent’s options. The options should, for example, contain no information of which the agent is unsure. But they should be sufficiently rich to distinguish all available acts from one another. These demands often come into conflict, so that there seems to be no adequate representation of the options at all. After reviewing existing proposals (...) for how to construe decision-theoretic options and finding them all wanting, I suggest that our model of rational agents should include a special domain of ‘virtual’ option propositions to serve as formal objects of deliberation and choice. (shrink)

Einleitung -- Charismatische Herrschaft -- Traditionale Herrschaft -- Traditionale und charismatische Herrschaft im vorrationalen Okzident: Antike -- Traditionale und charismatische Herrschaft im vorrationalen Okzident: Mittelalter -- Legale Herrschaft.

This paper enquires into a paradigmatic change concerning the concept of motion: from a phenomenological conception of motion understood as a continuous and finite process of translation, to a physical conception of motion as rectilinear, uniform and continuous, that is, as an inertial state that if unhindered, can extend infinitely – the former held by Aristotle, the latter by Koyré, a shift that is evidenced by their contrasting treatment of Zeno’s paradoxes. I argue that both ontologies of motion can be (...) understood in phenomenological terms: Motion is accomplished by the real itself. However, while Aristotle’s continuous motion as actualization of the form of a given body involves its formal determination and constitution of sense, Koyré’s conceives of motion and rest as kinds of being and motion itself as exemplifcation of the mathematization of nature that Husserl described in the Crisis. Taken together, these changes presuppose a transformation of metaphysical and epistemic frameworks. (shrink)

This paper concerns both Aristotle's notion of right feelings and Husserl's account of intentional feelings and emotions as developed in their ethical writings and it discusses these approaches in relation to each other. It addresses the question of motivation and justification or evidence for moral feelings and actions. In particular, it focuses on the emotional states of Philia and love as well as the inherent relationship between affectivity and reason. The paper concludes with some reflections on the requirements for the (...) constitution of a moral self. (shrink)

El artículo se centra en el filósofo argentino Eugenio Pucciarelli (1907-1995) y su recepción de la fenomenología, a la que confiere un sesgo humanista. Se procederá a una introducción a su contribución a la fenomenología en América Latina y se abordarán los siguientes temas: 1) la misión de la filosofía, las diversas vías de acceso a su esencia, en particular aquellas de Scheler, Dilthey y Husserl, 2) su recepción de Husserl en cuanto concierne a los ideales de ciencia y de (...) razón, 3) la crisis de la razón y de la evidencia, 4) su concepción pluralista de la razón, del tiempo y de la cultura, 5) humanismo y libertad. La tesis sostiene que su concepción de la filosofía, que enfatiza la dimensión personal y el compromiso social de la práctica filosófica, revela un profundo humanismo pluralista que no descuida su función militante y crítica, evidenciado así la actualidad de su mensaje. (shrink)

The interweavement of philosophy and literature allows to gain a new sense from the own, lived experiences and to express them through narrations, as the paradigmatic works of Nietzsche, Deleuze and Borges show. They all deal with the inexorability of time and the fact of being at the mercy of the unwanted aspects of Being-in-the-world, the detailed reading of which allows us to assert that the event of the emergence of a new sense lies in the experience of the creative (...) power of the instant, wherein the difference is introduced as the first principle through a Copernican turn and where the eternity expresses itself. In fact, the instant in its repetition results from a strike of chance, an assumption which leads to a new understanding not only of time as a network of destinies, but of eternity as extensive, intensive or ecstatic eternity. Being involved in this experience means to undergo an existential experience of time which produces an irrevocable change of the self. (shrink)

Dieses Buch geht davon aus, dass eine moderne Hermeneutik als Theorie des Verstehens im begrifflichen Rahmen der gegenwärtigen Theorie des Geistes und der Semantik rekonstruiert werden sollte. Vor diesem theoretischen Hintergrund, der in einem eigenen Kapitel näher umrissen wird, soll die Geschichte der Hermeneutik neu gelesen werden. Dabei wird deutlich, dass diese Lesart vielfach neue historische Interpretationen zu entwickeln und die wichtigsten Stationen der Geschichte der Hermeneutik theoretisch auf neue Weise zu integrieren vermag. Über die hermeneutischen Positionen hinaus, die in (...) den bisherigen Gesamtdarstellungen auftauchen, werden auch Entwürfe diskutiert, die besonders unter geist-theoretischen Aspekten interessant sind, zum Beispiel die antike Hermeneutik, die Hermeneutik Max Webers, die Hermeneutik der logischen Empiristen und die naturalistische Hermeneutik. Vor allem aber wird belegt, dass die Geschichte der Hermeneutik teilweise zu großen Einsichten gelangt ist, an die eine moderne Hermeneutik anknüpfen kann. Das Buch wendet sich nicht nur an Spezialisten der Hermeneutik-Geschichte, sondern an alle Interessierten, denen das Schicksal der verstehenden Wissenschaften am Herzen liegt, und möchte ihnen eine Perspektive empfehlen, unter der sich der Status und die Autonomie der Geisteswissenschaften sowie ihr Bezug auf das Humane unter Heranziehung substantieller Theorien auf neue Weise würdigen lassen. (shrink)

This book has grown out of eight years of close collaboration among its authors. From the very beginning we decided that its content should come out as the result of a truly common effort. That is, we did not "distribute" parts of the text planned to each one of us. On the contrary, we made a point that each single paragraph be the product of a common reflection. Genuine team-work is not as usual in philosophy as it is in other (...) academic disciplines. We think, however, that this is more due to the idiosyncrasy of philosophers than to the nature of their subject. Close collaboration with positive results is as rewarding as anything can be, but it may also prove to be quite difficult to implement. In our case, part of the difficulties came from purely geographic separation. This caused unsuspected delays in coordinating the work. But more than this, as time passed, the accumulation of particular results and ideas outran our ability to fit them into an organic unity. Different styles of exposition, different ways of formalization, different levels of complexity were simultaneously present in a voluminous manuscript that had become completely unmanageable. In particular, a portion of the text had been conceived in the language of category theory and employed ideas of a rather abstract nature, while another part was expounded in the more conventional set-theoretic style, stressing intui tivity and concreteness. (shrink)

Magnetism in meta-semantics is the view that the meaning of our words is determined in part by their use and in part by the objective naturalness of candidate meanings. This hypothesis is commonly attributed to David Lewis, and has been put to philosophical work by Brian Weatherson, Ted Sider and others. I argue that there is no evidence that Lewis ever endorsed the view, and that his actual account of language reveals good reasons against it.

Our senses provide us with information about the world, but what exactly do they tell us? I argue that in order to optimally respond to sensory stimulations, an agent’s doxastic space may have an extra, “imaginary” dimension of possibility; perceptual experiences confer certainty on propositions in this dimension. To some extent, the resulting picture vindicates the old-fashioned empiricist idea that all empirical knowledge is based on a solid foundation of sense-datum propositions, but it avoids most of the problems traditionally associated (...) with that idea. The proposal might also explain why experiences appear to have a non-physical phenomenal character, even if the world is entirely physical. (shrink)

Einflussreiche Denkerin des 20. Jahrhunderts. Das Handbuch erklärt die philosophischen, politischen und literarischen Kontexte, die Hannah Arendts Denken geprägt haben. Es präsentiert neben Informationen zur Biografie und den zeitgenössischen Bezügen alle wichtigen Werke und gibt Hinweise zu deren internationaler Rezeption in vielen Disziplinen. Zentrale Begriffe und Konzepte im Gesamtwerk Hannah Arendts werden ausführlich erklärt darunter: Antisemitismus, Das Böse, Macht, Revolution, Republik/Nation, Totalitarismus u. v. a.

It is shown that it is impossible for an observer to distinguish all present states of a system in which he or she is contained, irrespective of whether this system is a classical or a quantum mechanical one and irrespective of whether the time evolution is deterministic or stochastic. As a corollary, this implies that it is impossible for an observer to measure the EPR-correlations between himself or herself and an outside system. Implications of the main result are discussed for (...) how we have to conceive of universally valid theories. (shrink)

Testing is an effective learning method, and it is the basis of mobile quiz apps. Quiz apps have the potential to facilitate remote and self-regulated learning. In this context, automatized feedback plays a crucial role. In two experimental studies, we examined the effects of two feedback types of quiz apps on performance, namely, the standard corrective feedback of quiz apps and a feedback that incorporates additional information related to the correct response option. We realized a controlled lab setting (n= 68, (...) Study 1) and an unsupervised mobile setting (n= 150, Study 2). In the learning phase, participants used the quiz app and received feedback. They also completed a subsequent test as well as a follow-up test 1 week later by using the same quiz app. Irrespective of feedback type and setting, cognitive outcomes (quiz scores) and metacognitive outcomes (response certainty) increased similarly in the short term and long term. Feedback effects were not moderated by participants' overall response certainty during learning, their prior knowledge, and the difficulty of quiz items. Moreover, we found that participants perceived the quiz app to be similarly attractive, interesting, and enjoyable in both feedback conditions and that they spent slightly more time to process quiz items in the lab setting. We discuss these results in detail, including the role of moderating and mediating factors and prospects for further research and practice. Overall, our results underline that quiz apps are useful and effective tools that can support the acquisition and retention of semantic knowledge in different learning settings. (shrink)

Gottlob Frege has exerted an enormous influence on the evolution of twentieth-century philosophy, yet the real significance of that influence is still very much a matter of debate. This book provides a completely new and systematic account of Frege's philosophy by focusing on its cornerstone: the theory of sense and reference. Two features distinguish this study from other books on Frege. First, sense and reference are placed absolutely at the core of Frege's work; the author shows that no adequate account (...) of the theory can avoid analysing the notion of thought that underpins it, or explaining how it has clarified our concept of judgement. Second, the theory is situated within the development of Frege's thought; the author reveals how the theory caused Frege to alter many of his fundamental views. In doing so the author presents a clearer picture of the problems the theory was intended to solve, and delineates more sharply the characteristic features of Frege's philosophy. (shrink)

Max Webers Positionen gehoren zu den Grundlagen der Analyse moderner Staatlichkeit und pragen die staatstheoretische Diskussion bis heute. Dies gilt fur das Kriterium des Gewaltmonopols ebenso wie fur die Frage der Rationalitat und Legitimitat des Staates. Eine geschlossene Staatssoziologie hat Weber jedoch nicht hinterlassen - seine Uberlegungen sind Fragment geblieben und lassen zudem denkbar unterschiedliche Interpretationen zu. Welche Bedeutung haben seine Diagnosen fur das Verstandnis des modernen wie des vormodernen Staates? Die Autoren dieses vielbeachteten Bandes stellen die wichtigsten Aspekte der (...) Weberschen Diagnosen vor und fragen nach ihrer Relevanz fur die heutige Staatstheorie. (shrink)

Zusammenfassung Nach einem stetigen Wachstum der Sportartikelbranche in Deutschland ist in jüngster Zeit eine Stagnation bzw. ein leichter Umsatzrückgang zu verzeichnen. Damit stellt sich die Frage, ob sich darin eine allgemeine Konsumzurückhaltung widerspiegelt oder eher erste Auswirkungen der gesellschaftlichen Alterung. Um erste Antworten auf diese Frage zu prüfen, wird die Altersabhängigkeit der Sportartikelnachfrage in Deutschland überprüft. Auf Basis eines sozioökonomischen Ansatzes wird dazu das GfK-Universalpanel-NonFood mit bis zu N = 24 515 Fällen herangezogen. Es ist der einzige Datensatz, der verlässlich (...) Auskunft zur Sportartikelnachfrage in Deutschland geben kann. Die Ergebnisse zeigen, dass die Sportartikelnachfrage kaum altersabhängig ist. Somit ist die Stagnation des Sportartikelumsatzes in Deutschland eher auf eine allgemeine Konsumzurückhaltung zurückzuführen als auf erste Auswirkungen der gesellschaftlichen Alterung. (shrink)

Traditional logic as a part of philosophy is one of the oldest scientific disciplines. Mathematical logic, however, is a relatively young discipline and arose from the endeavors of Peano, Frege, Russell and others to create a logistic foundation for mathematics. It steadily developed during the 20th century into a broad discipline with several sub-areas and numerous applications in mathematics, informatics, linguistics and philosophy. While there are already several well-known textbooks on mathematical logic, this book is unique in that it is (...) much more concise than most others, and the material is treated in a streamlined fashion which allows the professor to cover many important topics in a one semester course. Although the book is intended for use as a graduate text, the first three chapters could be understood by undergraduates interested in mathematical logic. These initial chapters cover just the material for an introductory course on mathematical logic combined with the necessary material from set theory. This material is of a descriptive nature, providing a view towards decision problems, automated theorem proving, non-standard models and other subjects. The remaining chapters contain material on logic programming for computer scientists, model theory, recursion theory, Godel’s Incompleteness Theorems, and applications of mathematical logic. Philosophical and foundational problems of mathematics are discussed throughout the text. The author has provided exercises for each chapter, as well as hints to selected exercises. About the German edition: …The book can be useful to the student and lecturer who prepares a mathematical logic course at the university. What a pity that the book is not written in a universal scientific language which mankind has not yet created. - A.Nabebin, Zentralblatt. (shrink)

The paper argues that Gareth Evans’ argument for transparent self-knowledge is based on a conflation of doxastic transparency with ascriptive transparency. Doxastic transparency means that belief about one’s own doxastic state, e.g., the belief that one thinks that it will rain, can be warranted by ordinary empirical observation, e.g., of the weather. In contrast, ascriptive transparency says that self-ascriptions of belief, e.g., “I believe it will rain”, can be warranted by such observation. We first show that the thesis of doxastic (...) transparency is ill-motivated and then offer a non-epistemic interpretation of ascriptive transparency by reference to the theory of explicit expressive acts: “I think it will rain” requires attendance to the weather because the utterance expresses a belief about the weather, not about ourselves. This will allow us to avoid what is often called “the puzzle of transparent self-knowledge” while remaining faithful to Evans’ linguistic observations. (shrink)

This paper starts out from the idea that semantics is a “special science” whose aim, like that of chemistry or ecology, is to identify systematic, high-level patterns in a fundamentally physical world. I defend an approach to this task on which sentences are associated with with sets of possible worlds (of some kind). These sets of worlds, however, are not postulated for the compositional treatment of intensional contexts; they are not meant to capture what is intuitively asserted or communicated by (...) an utterance; nor are they supposed to shed light on the cognitive processes that underlie out linguistic competence. Instead, their job description is to capture certain regularities in the interactions between subjects using the relevant language. I also raise some questions about how the relevant worlds might be construed. (shrink)

Concentrating upon applications that are most relevant to modern physics, this valuable book surveys variational principles and examines their relationship to dynamics and quantum theory. Stressing the history and theory of these mathematical concepts rather than the mechanics, the authors provide many insights into the development of quantum mechanics and present much hard-to-find material in a remarkably lucid, compact form. After summarizing the historical background from Pythagoras to Francis Bacon, Professors Yourgrau and Mandelstram cover Fermat's principle of least time, the (...) principle of least action of Maupertuis, development of this principle by Euler and Lagrange, and the equations of Lagrange and Hamilton. Equipped by this thorough preparation to treat variational principles in general, they proceed to derive Hamilton's principle, the Hamilton-Jacobi equation, and Hamilton's canonical equations. An investigation of electrodynamics in Hamiltonian form covers next, followed by a resume of variational principles in classical dynamics. The authors then launch into an analysis of their most significant topics: the relation between variational principles and wave mechanics, and the principles of Feynman and Schwinger in quantum mechanics. Two concluding chapters extend the discussion to hydrodynamics and natural philosophy. Professional physicists, mathematicians, and advanced students with a strong mathematical background will find this stimulating volume invaluable reading. Extremely popular in its hardcover edition, this volume will find even wider appreciation in its first fine inexpensive paperbound edition. (shrink)

While Kant’s position concerning human freedom and divine foreknowledge is perhaps the least Molinist element of his multifaceted take on free will, Kant’s Molinism (minimally defined) is undeniable when it comes to the threat ensuing from the idea of creation. In line with incompatibilism and with careful qualifications in place, he ultimately suggests regarding free agents as uncreated. Given the limitations of our rational insight, this assumption is indispensable for granting that finite free agents can acquire their intelligible characters by (...) themselves. Nonetheless, Kant concedes that creation may, as a matter of fact, be compatible with what for Molina is the pre-volitionality of the counterfactuals of freedom. (shrink)