Governing boards utilize executive compensation contracts in an attempt to align executive actions with corporate goals. The objective is to ensure that executive performance provides value to the organization in terms of successful outcomes. A key performance criteria typically specified in CEO compensation contracts is earnings targets. However, using earnings as a performance evaluation may be problematic because some firms exhibit robust and sustained earnings over time (high earnings persistence), and other firms, such as high growth oriented firms, exhibit weak (...) or sometimes negative earnings over time (low earnings persistence). Our study reveals that the effect of high earnings persistence results in firms that focus more heavily on cash compensation (salary and bonus) rather than on equity compensation (stock options, etc.) to compensate executive performance. Additionally, for firms characterized by low earnings persistence, our study indicates that cash flows from operations act as a supplementary performance measure to accounting earnings, and become increasingly important as a means to justify executive cash compensation. (shrink)

The European Union Commission’s whitepaper on Artificial Intelligence proposes shaping the emerging AI market so that it better reflects common European values. It is a master plan that builds upon the EU AI High-Level Expert Group guidelines. This article reviews the masterplan, from a culture cycle perspective, to reflect on its potential clashes with current societal, technical, and methodological constraints. We identify two main obstacles in the implementation of this plan: the lack of a coherent EU vision to drive future (...) decision-making processes at state and local levels and the lack of methods to support a sustainable diffusion of AI in our society. The lack of a coherent vision stems from not considering societal differences across the EU member states. We suggest that these differences may lead to a fractured market and an AI crisis in which different members of the EU will adopt nation-centric strategies to exploit AI, thus preventing the development of a frictionless market as envisaged by the EU. Moreover, the Commission aims at changing the AI development culture proposing a human-centred and safety-first perspective that is not supported by methodological advancements, thus taking the risks of unforeseen social and societal impacts of AI. We discuss potential societal, technical, and methodological gaps that should be filled to avoid the risks of developing AI systems at the expense of society. Our analysis results in the recommendation that the EU regulators and policymakers consider how to complement the EC programme with rules and compensatory mechanisms to avoid market fragmentation due to local and global ambitions. Moreover, regulators should go beyond the human-centred approach establishing a research agenda seeking answers to the technical and methodological open questions regarding the development and assessment of human-AI co-action aiming for a sustainable AI diffusion in the society. (shrink)

Since male CEOs dominate corporate leadership, the literature on top management decision making suffers from an implicit masculine bias. Although research indicates that males and females are biologically and psychologically different, the leadership characteristics of female CEOs are largely unexplored. Two of these characteristics, risk aversion and ethical sensitivity, are tied to key accounting issues, such as conservatism in financial reporting and steadfast opposition to fraud. In this study, we examine the relationship between CEO gender and accounting conservatism, and find (...) a positive association between the two. Consistent with conventional wisdom, this association appears to be stronger in firms with high rather than low litigation and takeover risks. This study contributes to the ethics literature by highlighting the benefits of gender diversity in upholding the integrity of financial reporting. (shrink)

This article begins with a review of the literature on the ethics of tax evasion and identifies the three main views that have emerged over the centuries, namely always ethical, sometimes ethical, and never or almost never ethical. It then reports on the results of a survey of HK and U.S. university business students who were asked to express their opinions on the 15 statements covering the three main views. The data are then analyzed to determine which of the three (...) viewpoints is dominant among the sample population. Although it was found that HK scores were significantly different from the U.S. scores, both HK and U.S. respondents were opposed to the view that tax evasion is always or almost always ethical. The strongest arguments justifying tax evasion were in cases where the government was corrupt, the tax system was unfair and unaffordable. The weakest arguments for justifying tax evasion were in cases where there was a selfish motive. The underlying cultural differences are further explored in hope of accounting for differing perceptions of ethics of tax evasion. Policy implications for increasing people’s awareness of ethics on tax evasion are also highlighted. (shrink)

This article introduces and summarizes selected papers from the first World Business Ethics Forum held in Hong Kong and Macau in November 2006, co-hosted by the Hong Kong Baptist University and by the University of Macau. Business Ethics in the East remain distinct from those in the West, but the distinctions are becoming less pronounced and the ethical traffic flows both ways.

Although the relationship of part to whole is one of the most fundamental there is, this is the first full-length study of this key concept. Showing that mereology, or the formal theory of part and whole, is essential to ontology, Simons surveys and critiques previous theories--especially the standard extensional view--and proposes a new account that encompasses both temporal and modal considerations. Simons's revised theory not only allows him to offer fresh solutions to long-standing problems, but also has far-reaching consequences for (...) our understanding of a host of classical philosophical concepts. (shrink)

Frege's theory of real numbers has undeservedly received almost no attention, in part because what we have is only a fragment. Yet his theory is interesting for the light it throws on logicism, and it is quite different from standard modern approaches. Frege polemicizes vigorously against his contemporaries, sketches the main features of his own radical alternative, and begins the formal development. This paper summarizes and expounds what he has to say, and goes on to reconstruct the most important steps (...) which he is likely to have subsequently taken. The various difficulties facing his theory in this reconstruction are outlined, and some surprising consequences drawn about the nature of his logicism. (shrink)

This paper assesses those features of Lesniewski's Ontology which make it difficult to understand for logicians accustomed to more orthodox systems of logic. It is seen that certain general features of presentation and content can, by selective acceptance or modification, be accommodated with a fairly orthodox viewpoint. The chief difficulty lies in the interpretation of Le?niewski's names, and the constant ???. Four interpretations are suggested in turn: Le?niewski's names as monadic predicates; as class terms; as common nouns; and as empty, (...) singular or plural terms. This last and least orthodox interpretation is argued to be the most suitable, but it is shown how it can be made to live in harmony with either the common noun or the class interpretation. (shrink)

Frege uses Greek letters in two different ways in his Begriffsschrift. One way is the familiar use of bound variables, in conjunction with variable-binding operators, to mark and close argument-places. The other, which is quite unfamiliar, employs letters to mark places for operators to reach into, without thereby closing these places. Frege thereby invents a powerful and compact notation for functional operations which can be recommended even today. His regrettable double use of Greek letters obscured his invention, and this, together (...) with the fact that in the Grundgesetze he no longer has need of function-valued functions, explains why the device was overlooked and has not passed into general use. (shrink)

For most of the history of metaphysics, the subject has been dominated by the concept of substance. There is an everyday commonsense notion of substance which is perfectly harmless and which I shall defend against attempts to remove it or revise it away. But I deny that substance has to be construed as a primitive even in everyday terms. Borrowing Strawson’s distinction between descriptive and revisionary metaphysics, I press the legitimate claims of revisionary metaphysics and argue that there is no (...) place for a fundamental concept of substance within it, although aspects of the concept are likely to find their place therein. (shrink)

We show that there exists a properly Σ2 minimal degree b, and moreover that b can be chosen to join with 0′ to 0″ – so that b is a 0″ complement for every degree a such that 0′ ≤ a < 0″.

LeSniewski?s systems of Ontology and Mereology, considered from a purely formal point of view, possessstriking algebraic parallels, ascan be seen in their respective relations to Boolean algebra. But there are alsoimportant divergences, above all that general Mereology is silent, where Ontology is not, on the existenceof ?atoms? (individuals). By employing plural terms, LeSniewski sought to accommodate talk of (distributive)classes, without according these an autonomous ontological status. His logic also ? like predicate logic? has no place for mass predication in its (...) raw state. It is argued that reference both to pluralities and tomasses is ineliminable, and that one must therefore separate the grammatical distinction singular/pluralfrom the ontological distinction individual/class/mass. A kind of language, modelled on kiniewski?s, issuggested which enables these distinctions to be held apart and at the same time, building on the work ofRichard Sharvy, allows us to express the most important relationships between individuals, classes andmasses. (shrink)

In his doctoral dissertation Von der mannigfachen Bedeutung des Seienden nach Aristoteles Brentano tried to show that (against criticism of this) one could indeed give a principle defense of Aristotle's table of categories as a coherent system. In later texts Brentano appears sharply critical of Aristotle, mainly in respect to Aristotle's mereology, or theory of part and whole, and to his theory of substance and accident. It is argued that Brentano hadn't observed that Aristotle's belief that there are as many (...) predicative senses of 'be' as there are categories of being is based not on his mereology but on his theory of definition. Overlooking this Brentano was led to far reaching inadequate ontological consequences. (shrink)

SummaryLeśniewski presented his logical systems in a way which conformed to his nominalism, so the question arises whether Leśniewski's logic can be given a natural formal semantics which, unlike current versions, avoids commitment to abstract entities. Building on hints in Wittgenstein's Tractatus, I develop the idea of a way of meaning which is the basis for what I call combinatorial semantics. I then consider whether this commits us to abstract objects or an intensional metalogic.

We study the minimal enumeration degree problem in models of fragments of Peano arithmetic () and prove the following results: in any model M of Σ2 induction, there is a minimal enumeration degree if and only if M is a nonstandard model. Furthermore, any cut in such a model has minimal e-degree. By contrast, this phenomenon fails in the absence of Σ2 induction. In fact, whether every Σ2 cut has minimal e-degree is independent of the Σ2 bounding principle.

SummaryLeśniewski presented his logical systems in a way which conformed to his nominalism, so the question arises whether Leśniewski's logic can be given a natural formal semantics which, unlike current versions, avoids commitment to abstract entities. Building on hints in Wittgenstein's Tractatus, I develop the idea of a way of meaning which is the basis for what I call combinatorial semantics. I then consider whether this commits us to abstract objects or an intensional metalogic.

Frege's obscure key concept of the unsaturatedness of functions is clarified with the help of the concepts of dependent and independent parts and foundation relations used by Husserl in describing the ontology of complex wholes. Sentential unity in Frege, Husserl and Wittgenstein: all have a similar explanation. As applied to linguistic expressions, the terms 'unsaturated' and 'incomplete' are ambiguous: they may mean the ontological property of Unselbständigkeit, inability to exist alone, or the property of being what categorial grammar calls a (...) functor. Separation of these two senses resolves a dispute between Dummett and Geach on the nature of predicates. (shrink)

Frege's obscure key concept of the unsaturatedness of functions is clarified with the help of the concepts of dependent and independent parts and foundation relations used by Husserl in describing the ontology of complex wholes. Sentential unity in Frege, Husserl and Wittgenstein: all have a similar explanation. As applied to linguistic expressions, the terms 'unsaturated' and 'incomplete' are ambiguous: they may mean the ontological property of Unselbständigkeit, inability to exist alone, or the property of being what categorial grammar calls a (...) functor. Separation of these two senses resolves a dispute between Dummett and Geach on the nature of predicates. (shrink)

Although Brentano generally regarded himself as at heart a metaphysician, his work then and subsequently has always been dominated by the Psychology. He is rightly celebrated as the person who reintroduced the Aristotelian-Scholastic notion of intentio back into the study of the mind. Brentano's inspiration was Aristotle's theory of perception in De anima, though his terminology of intentional inexistence was medieval. For the history of the work and its position in his output may I refer to my Introduction to the (...) reprinted English translation. Alongside Aristotle the work shows influences of Descartes, Comte and the British empiricists. The theory of intentionality presented in the Psychology is much less modern and less plausible than almost all recent commentary would have it, and was in any case not where Brentano's main interest lay. Intentionality simply served to demarcate mental phenomena from physical, in Book One, but the main aim was a classification of the mental, outlined in Book Two. Books Three to Five were to have dealt in detail with the three main classes of presentations, judgements and feelings, with the final book considering the metaphysics: mind-body and the immortality of the soul. Brentano's shifting views, recently documented in English with Benito Muller's translation of Descriptive Psychology, a work from the transitional 1890s, made the original plan obsolete. The role of an a priori, philosophical or descriptive psychology, methodologically prior to empirical-experimental genetic psychology, foreshadowed and influenced Husserl's notion of phenomenology, and Brentano's Comtean methodological epoche of desisting from controversial metaphysical statements in favour of an examination of the phenomena likewise presaged Husserl's more ponderous phenomenological reductions. Brentano's other work covers most areas of philosophy, notably ethics, where he upheld a form of a priori intuitionism much admired by G. E. Moore, the philosophy of religion, metaphysics, philosophy of language, deductive and inductive logic, and the history of philosophy. I shall mention just two areas. In his logic lectures from 1866 onwards (a compilation published 1956) Brentano rejected the subject-predicate analysis of simple judgements and proposed instead (for which he apparently secured written assent from Mill) that all judgements are logical compounds of positive and negative existential judgements. For example the universal judgement All men are mortal becomes the negative existential There are no immortal men. On this basis Brentano radically simplified the inference rules of deductive logic. While unlike de Morgan, Frege and others he does not go beyond logic's traditional scope by recognising relations, within its bounds his reformed-term logic is simple, elegant and easily teachable. Some of his ideas in logic influenced the young Husserl. Unfortunately Brentano took against mathematical logic, which he wrongly associated exclusively with Hamilton's confused doctrine of the quantification of the predicate. His inductive logic, which takes up by far the greater part of his logic lectures, remains unresearched to this day. (shrink)

Research has consistently revealed gender differences in attitudes toward science and technology. One explanation is that women are more personally affected by particular technologies, so they consider them differently. However, not all women universally experience biomedical technologies. We use the concept of technological salience to address how differences in subjective implications of a technology might explain differences in women’s attitudes toward biotechnology. In a sample of U.S. women from the National Survey of Fertility Barriers, we examine how women with and (...) without a biomedical barrier to fertility evaluate biotechnology for infertility, which, we argue, reflects differences in technological salience. For women with a biomedical barrier, various experiences, beliefs, and values impacted their attitudes; yet, most of these did not affect attitudes if women had not experienced a fertility barrier. Results suggest that technological salience contextualizes women’s attitudes toward these biotechnologies and may also have broader implications for other biotechnologies. (shrink)

Thomas More's History of Richard III is a metahistory, rich in factual and fictional details. I will discuss More's concept of historiography as a rhetorical art and how his presentation of history transformed details of what was imperfectly known about Richard III into a polemic about what should be believed as an irrefutable truth. More's conception of history is much more amorphous than modern theories. He incorporated classical myths, literature, history, and philosophy along with phantasies, dreams, and oral testimonies to (...) recreate his historical Richard III as a tragic figure. More saw patterns of immoral behavior deeply rooted in the histories of the Plantagenet kings from the twelfth century to 1485 as if the sins of the fathers are repeated by their children. More used his sources, the antiquarian John Rous, the historian Polydore Vergil, and the oral history of Archbishop/cardinal John Morton to prove that the immorality of the Plantagenets, embodied in Richard III, was a curse that will be purged from England by the ascendance of Henry VII. William Shakespeare copied and embellished More's tragic vision of Richard III. Their historical facts and fictions enhanced their moral signification of the rise and fall of Richard III in English history. (shrink)

(2) All X’s have to be Y’s is to be brought out by glossing the latter as a stronger, nomological generalization involving counterfactural claims, thus: (3) All X’s are Y’s and further if any z that is not an X were an X, then z would be a Y. Professor Rescher points out that while (1) is equivalent to its contrapositive..

Common nouns enter into modern predicate logic only as parts of predicates, While in lesniewski's 'ontology' they are classified together with proper nouns as 'names'. A system of natural deduction rules is presented which sharply separates proper from common nouns, Within which lesniewski's calculus is contained as a logic solely of common nouns, Together with copula, Identity predicate, Definite article, And quantifiers 'any', 'every', 'some' and 'no'. The fragment developed is closer to the natural syntax of english than either frege's (...) or lesniewski's languages, Enabling these to be seen as complementary rather than competing, As approximations to syntactically more complex languages. (shrink)

In "meaning and modality" lewy claims the only ground for rejecting disjunctive syllogism as acceptable for entailment is rejection of bivalence. Examining lewis's 'proofs' of the paradoxes of strict implication he suggests the proof of 'if a then (b or not-B)' suppresses a premiss, Restoration of which blocks the paradox, Whereas the proof of 'if (a and not-A) then b' cannot be so blocked. But the paradoxes are dual, So he should have treated them dually by restoring a suppressed disjunct (...) in the consequent of the second. When this is done, The second paradox is blocked and disjunctive syllogism fares no better than the principle lewy discarded. (shrink)

This paper discusses the philosophical background to the paper by lejewski in this issue. lejewski offers an ontologically neutral logic for the first two types (individuals and classes thereof). some peculiarities of the logic used are noted, in particular the distinction between empty individual terms, empty class terms, and non-empty class terms designating the empty class. lejewski ends by denying the truth of the formula meaning "there are classes," but we argue that the way in which truth-conditions for formulae containing (...) class terms are introduced absolves us from taking this as seriously committing us to the existence of classes. the main (inclining but not necessitating) reason for being a platonist lies in the sheer mass of mathematical results for which a non-platonist account has yet to be given. the theory of classes as fictions suggested by our modification of lejewski's view is insufficient to support frege-russell style logicism, but for a non-platonist the upper reaches of cantor's paradise must be regarded as fictitious anyway. (shrink)

This study modelled associations between gender, ruminative cognitive style, alcohol use, and the time course of negative affect over the course of 43,111 random assessments in the natural environment. Participants completed 49 days of experience sampling over 1.3 years. The data indicated that rumination at baseline was positively associated with alcohol dependence symptoms at baseline as well as higher negative affect over the course of the study. Consistent with negative reinforcement models, drinking served to decrease the persistence of negative affect (...) from moment to moment. However, this ameliorative effect of drinking was evident only among women, suggesting an increased risk for negative reinforcement driven drinking behaviour. In addition, rumination appeared to counteract the desired effects of alcohol on mood among women. This suggests that women who ruminate more may be motivated to consume larger amounts of alcohol to achieve the desired effects. Overall, the results indicate that ruminative cognitive style and the persistence of negative affect from moment to moment may reflect an individual vulnerability for the development of alcohol use disorder especially among women. (shrink)

Game theory has a prominent role in evolutionary biology, in particular in the ecological study of various phenomena ranging from conflict behaviour to altruism to signalling and beyond. The two central methodological tools in biological game theory are the concepts of Nash equilibrium and evolutionarily stable strategy. While both were inspired by a dynamic conception of evolution, these concepts are essentially static—they only show that a population is uninvadable, but not that a population is likely to evolve. In this article, (...) we argue that a static methodology can lead to misleading views about dynamic evolutionary processes. We advocate, instead, a more pluralistic methodology, which includes both static and dynamic game theoretic tools. Such an approach provides a more complete picture of the evolution of strategic behaviour. 1 Introduction2 The Equilibrium Methodology3 Common Interest Signalling3.1 Lewis’s signalling game3.2 Static analysis3.3 Dynamic analysis4 The Sir Philip Sidney Game4.1 Static analysis4.2 Other equilibria4.3 Dynamic analysis5 Related Literature6 Static and Dynamic Approaches. (shrink)

We study the handicap principle in terms of the Sir Philip Sidney game. The handicap principle asserts that cost is required to allow for honest signalling in the face of conflicts of interest. We show that the significance of the handicap principle can be challenged from two new directions. Firstly, both the costly signalling equilibrium and certain states of no communication are stable under the replicator dynamics ; however, the latter states are more likely in cases where honest signalling should (...) apply. Secondly, we prove the existence and stability of polymorphisms where players mix between being honest and being deceptive and where signalling costs can be very low. Neither the polymorphisms nor the states of no communication are evolutionarily stable, but they turn out to be more important for standard evolutionary dynamics than the costly signalling equilibrium. (shrink)

We study a low-rationality learning dynamics called probe and adjust. Our emphasis is on its properties in games of information transfer such as the Lewis signaling game or the Bala-Goyal network game. These games fall into the class of weakly better reply games, in which, starting from any action profile, there is a weakly better reply path to a strict Nash equilibrium. We prove that probe and adjust will be close to strict Nash equilibria in this class of games with (...) arbitrarily high probability. In addition, we compare these asymptotic properties to short-run behavior. (shrink)

The handicap principle is one of the most influential ideas in evolutionary biology. It asserts that when there is conflict of interest in a signaling interaction signals must be costly in order to be reliable. While in evolutionary biology it is a common practice to distinguish between indexes and fakable signals, we argue this dichotomy is an artifact of existing popular signaling models. Once this distinction is abandoned, we show one cannot adequately understand signaling behavior by focusing solely on cost. (...) Under our reframing, cost becomes one—and probably not the most important—of a collection of factors preventing deception. (shrink)

Guilt and shame are self-conscious emotions with implications for mental health, social and occupational functioning, and the effectiveness of sports practice. To date, the assessment and role of athlete-specific guilt and shame has been under-researched. Reporting data from 174 junior elite cricketers, the present study utilized exploratory factor analysis in validating the Athletic Perceptions of Performance Scale, assessing three distinct and statistically reliable factors: athletic shame-proneness, guilt-proneness, and no-concern. Conditional process analysis indicated that APPS shame-proneness mediated the relationship between general (...) and athlete-specific distress. While APPS domains of guilt-proneness and no-concern were not significant mediators, they exhibited correlations in the expected direction with indices of psychological distress and well-being. The APPS may assist coaches and support staff identify players who may benefit from targeted interventions to reduce the likelihood of experiencing shame-prone states. (shrink)

Costly signalling theory has become a common explanation for honest communication when interests conflict. In this paper, we provide an alternative explanation for partially honest communication that does not require significant signal costs. We show that this alternative is at least as plausible as traditional costly signalling, and we suggest a number of experiments that might be used to distinguish the two theories.

"M. F. Simone Roberts's A Poetics of Being-Two is animated by a lively and engaging voice, drawing readers in with a sense of serious purpose working (delightfully) in tandem with a sense of humor. Roberts's aesthetics and her close readings of Yves Bonnefoy, St-John Perse, and Jorie Graham clearly demonstrate the literary effectiveness of Irigarayan sexual difference as an analytic trope, even as they emphasize the philosophical and political possibilities sexual difference opens up for feminism, environmentalism, and all levels of (...) contemporary cultural critique and activism."—Gail M. Schwab, Hofstra University -/- In An Ethics of Sexual Difference, Irigaray calls for a new poetics in the sense of both art and life. Rather than a critique from within philosophy, A Poetics of Being-Two tests Irigaray's ethics by extending it to other sites of cultural production. Where Irigaray's method finds stirrings and repressions of sexual difference in philosophy, this project explores that tension in poetics. Building from Irigaray's ethics, the book describes a poetics of being-two as concerns gendered subjectivity in literary poetics and then traces the on-going emergence of a poetics of being-two in the post-symbolist poetic tradition. Irigaray scholars will be interested in the sustained interpolation of Irigaray's ethical concepts as principles for a critical aesthetics and in their hermeneutic application in reading a literary tradition. Readers in comparative literature will find the first sustained feminist engagements with the major French poets Bonnefoy and Perse and an elucidation of their influence on the Pulitzer Prize winning poet Jorie Graham. (shrink)

The concept of fitness is central to evolutionary biology. Models of evolutionary change typically use some quantity called “fitness” which measures an organism’s reproductive success. But what exactly does it mean that fitness is such a measure? In what follows, we look at the interplay between abstract evolutionary models and quantitative measures of fitness and develop a measurement-theoretic perspective on fitness in order to explore what makes certain measures of fitness significant.

In this paper we show that there are certain limits as to what applications of Maynard Smith’s concept of evolutionarily stable strategy can tell us about evolutionary processes. We shall argue that ESS is very similar in spirit to a particular branch of rational choice game theory, namely, the literature on refinements of Nash equilibrium. In the first place, ESS can also be viewed as a Nash equilibrium refinement. At a deeper level, ESS shares a common structure with other rational (...) choice equilibrium refinements. An equilibrium is evaluated according to whether it persists under specific kinds of perturbations. In the case of ESS, these perturbations are mutations. However, from a dynamical point of view, focusing exclusively on perturbations of equilibria provides only a partial account of the system under consideration. We will show that this has important consequences when it comes to analyzing game-theoretic models of evolutionary processes. In particular, there are non-ESS states which are significant for evolutionary dynamics. (shrink)