Trust is both ethically important and essential for business but difficult to measure. This paper contributes toward clarifying the nature of trust in a way that is both conceptually helpful for ethical inquiries concerning business and pertinent to the measurement of trust as an element in organizations. Several papers hypothesize that increasing the role of trust in a corporation reduces the need for external monitoring and contracts. Assessing this important hypothesis requires a way to gauge whether a firm has a (...) trusting corporate culture. We develop an objective measure of trust in a firm’s corporate culture by counting the number of times 21 trust-related words appear in an important kind of document: the Management Discussion and Analysis section of the annual report. We report two significant findings: that, contrary to what one might think, firms with a trusting culture frequently use audit and control-type words and that trust is positively linked with subsequent share price volatility. We propose explanations of these findings with the hope of facilitating the objective measurement of trust and enhancement of a trusting atmosphere in corporate culture. (shrink)

We create a database of company codes of ethics from firms listed on the Standard & Poor's 500 Index and, separately, a sample of small firms. The SEC believes that "ethics codes do, and should, vary from company to company." Using textual analysis techniques, we measure the extent of commonality across the documents. We find substantial levels of common sentences used by the firms, including a few cases where the codes of ethics are essentially identical. We consider these results in (...) the context of legal statements versus value statements. While legal writing often mandates duplication, we argue that value-based statements should be held to a higher standard of originality. Our evidence is consistent with isomorphic pressures on smaller firms to conform. (shrink)

We examine the occurrence of ethicsrelated terms in 10-K annual reports over 1994-2006 and offer empirical observations on the conceptual framework of Erhard et al. 2007). We use a pre-Sarbanes-Oxley sample subset to compare the occurrence of ethics-related terms in our 10-K data with samples from other studies that consider virtue-related phenomena. We find that firms using ethics-related terms are more likely to be "sin" stocks, are more likely to be the object of class action lawsuits, and are more likely (...) to score poorly on measures of corporate governance. The consistency of our results across these alternative measures of ethical behavior suggests that managers who portray their firm as "ethical" in 10-K reports are more likely to be systematically misleading the public. These results are consistent with the integrity-performance paradox. (shrink)

Over the past decade, corporate scandals have proliferated. These scandals, along with the emergence of the #MeToo movement and Environmental, Social, and Corporate Governance (ESG) mandates, have increased the scrutiny of corporations’ ethics culture. How have companies responded in terms of the language appearing in their public ethics documents? We compare the Code of Ethics in 2008 versus 2019 for a sample of S&P 500 firms. For the vast majority of firms, their Code of Ethics lengthened, with the average 2019 (...) code having 29% more words (about 1760 words) than the 2008 average. The language of the codes has also changed. Words such as _bribery, corruption, sustainability, speak up, bullying, slavery,_ and _human rights_ all saw significantly higher usage in the later period. We review possible reasons for the dramatic changes and suggest what questions remain about the motivations behind them. Whether the changes we observe are primarily intrinsically motivated or simply market responses to public pressures is yet to be determined. What is clear from our findings is that society seems to be entering a new age of increasingly moral—or, at least, moralized—corporate governance. (shrink)

A mutual fund family incubates a fund when it creates a privately subsidized fund not available to the general investing public. It destroys unsuccessful incubator funds. The few successful funds will report higher incubation returns than the market return in advertisements intended to attract money from individual investors. This practice is currently allowed by the SEC. The evidence is that incubation returns are not a good predictor of subsequent fund performance and likely serve to mislead unsuspecting investors.

A mutual fund family incubates a fund when it creates a privately subsidized fund not available to the general investing public. It destroys unsuccessful incubator funds. The few successful funds will report higher incubation returns than the market return in advertisements intended to attract money from individual investors. This practice is currently allowed by the SEC. The evidence is that incubation returns are not a good predictor of subsequent fund performance and likely serve to mislead unsuspecting investors.

The presumption is that a broker executing a stock trade for a retail investor will get the investor the best possible price execution for the transaction. In fact, the broker often sells the retail investor’s trade to an intermediary for cash payment. The broker’s motivation to generate dealer profits seems to overcome the broker’s fiduciary responsibility to obtain the best execution price for the customer, raising ethical questions. Purchasers and internalizers of order flow in the market may cause prices quoted (...) on the NYSE to deteriorate, making all investors worse off. (shrink)

On December 9, 1999, VA Linux issued shares to the public and left over $900 million on the table for investors. In the prospectus, the investment banker Credit Suisse First Boston (CSFB) stated it would receive a 7% gross spread as its compensation for underwriting the shares. Yet the SEC alleges some investors paid enormous commissions to CSFB in the form of a kick-back immediately after obtaining the IPO shares. Hence, CSFB had an economic interest in the IPO and there (...) was not a full distribution of shares. This apparent violation of NASD Rule 2110 raises questions as to the credibility of the financial markets. (shrink)

Sense-perception—the awareness or apprehension of things by sight, hearing, touch, smell and taste—has long been a preoccupation of philosophers. One pervasive and traditional problem, sometimes called “the problem of perception”, is created by the phenomena of perceptual illusion and hallucination: if these kinds of error are possible, how can perception be what it intuitively seems to be, a direct and immediate access to reality? The present entry is about how these possibilities of error challenge the intelligibility of the phenomenon of (...) perception, and how the major theories of perception in the last century are best understood as responses to this challenge. (shrink)

Detlef Dürr was a remarkable figure in many different ways. I recall some adventures we had with him in Abu Dhabi.

Quantum Non-Locality and Relativity is recognized as the premier philosophical study of Bell's Theorem and its implication for the relativistic account of space and time. Previous editions have been praised for the remarkable clarity of Maudlin's descriptions of both Bell's theorem and his examination of the potential conflict between the theorem and relativity. The third edition of this text has been carefully updated to reflect significant developments, including a new chapter covering important recent work in the foundations of physics. Foremost (...) among these is Roderich Tumiulka's explicit, relativistic theory that can reproduce the quantum mechanical violation of Bell's inequality. The "Free Will Theorem" of John Conway and Simon Kochen is also discussed, as is the status of locality in the Many Worlds interpretation of quantum theory. The book has also been updated to reflect recent results in information theory. The book introduces philosophers to the relevant physics and demonstrates how philosophical analysis can help to resolve some of the problems, and requires no technical background in Physics. All of the physics is presented from first principles, and as much as possible is presented pictorially"--Provided by publisher. (shrink)

Explanation does not exist in a metaphysical vacuum. Conceptions of the structure of a phenomenon play an important role in guiding attempts to explain it, and erroneous conceptions of a phenomenon may direct investigation in misleading directions. I believe that there is a case to be made for thinking that much work on the neural underpinnings of consciousness—what is often called the neural correlates of consciousness—is driven by an erroneous conception of the structure of consciousness. The aim of this paper (...) is lay bare some connections between the explanation of consciousness and the structure of consciousness, and to argue for a conception of the structure of consciousness that is more adequate than that which currently drives much research into the neural correlates of consciousness. (shrink)

Here is a template for introducing mathematical objects: “Objects are found in stages. For every stage S: (1) for any things found before S, you find at S the bland set whose members are exactly those things; (2) for anything, x, which was found before S, you find at S the result of tapping x with any magic wand (provided that the result is not itself a bland set); you find nothing else at S.” -/- This Template has rich applications, (...) it realizes John Conway’s (1976) Mathematicians’ Liberation Movement, and it generalizes a lovely idea due to Alonzo Church (1974). -/- Some parts of this Template are familiar: the bit about bland sets is just the ordinary story we tell about the cumulative iterative conception of set. But this talk of “magic wands” is new and different. Moreover, parts of the Template are left unspecified. -/- This under-specification is deliberate: we want to be able to flesh out the Template in umpteen different ways. The Main Theorem of the paper is that any loosely constructive way of fleshing out the Template is synonymous with a ZF-like theory. (shrink)

John McDowell's contribution to philosophy has ranged across Greek philosophy, philosophy of language, philosophy of mind, metaphysics and ethics. His writings have drawn on the works of, amongst others, Aristotle, Kant, Hegel, Frege, Russell, Wittgenstein, Sellars, and Davidson. His contributions have made him one of the most widely read, discussed and challenging philosophers writing today. This book provides a careful account of the main claims that McDowell advances in a number of different areas of philosophy. The interconnections between the different (...) arguments are highlighted and Tim Thornton shows how these individual projects are unified in a post-Kantian framework that articulates the preconditions of thought and language. Thornton sets out the differing strands of McDowell's work prior to, and leading up to, their combination in the broader philosophical vision revealed in "Mind and World" and provides an interpretative and critical framework that will help shape ongoing debates surrounding McDowell's work. An underlying theme of the book is whether McDowell's therapeutic approach to philosophy, which owes much to the later Wittgenstein, is consistent with the substance of McDowell's discussion of nature that uses the vocabulary of other philosophers including, centrally, Kant. (shrink)

What does imagination do for our perception of the world? Why should reality be broken off from our imagining of it? It was not always thus, and in these essays, Tim Ingold sets out to heal the break between reality and imagination at the heart of modern thought and science. Imagining for Real joins with a lifeworld ever in creation, attending to its formative processes, corresponding with the lives of its human and nonhuman inhabitants. Building on his two previous essay (...) collections, The Perception of the Environment and Being Alive, this book rounds off the extraordinary intellectual project of one of the world's most renowned anthropologists. Offering hope in troubled times, these essays speak to coming generations in a language that surpasses disciplinary divisions. They will be essential reading not only to for anthropologists but also for students in fields ranging from art, aesthetics, architecture and archaeology to philosophy, psychology, human geography, comparative literature and theology. (shrink)

Neural organoids are laboratory-generated entities that replicate certain structural and functional features of the human brain. Most neural organoids are disembodied—completely decoupled from sensory input and motor output. As such, questions about their potential capacity for consciousness are exceptionally difficult to answer. While not disputing the need for caution regarding certain neural organoid types, this paper appeals to two broad constraints on any adequate theory of consciousness—the first involving the dependence of consciousness on embodiment; the second involving the dependence of (...) consciousness on representations—to argue that disembodied neural organoids are not plausible candidates for consciousness. (shrink)

Hilary Putnam once suggested that “the actual existence of sets as ‘intangible objects’ suffers… from a generalization of a problem first pointed out by Paul Benacerraf… are sets a kind of function or are functions a sort of set?” Sadly, he did not elaborate; my aim, here, is to do so on his behalf. There are well-known methods for treating sets as functions and functions as sets. But these do not raise any obvious philosophical or foundational puzzles. For that, we (...) first need to provide a full-fledged function theory. I supply such a theory: it axiomatizes the iterative notion of function in exactly the same sense that ZF axiomatizes the iterative notion of set. Indeed, this function theory is synonymous with ZF. It might seem that set theory and function theory present us with rival foundations for mathematics, since they postulate different ontologies. But appearances are deceptive. Set theory and function theory provide the very same judicial foundation for mathematics. They do not supply rival metaphysical foundations; indeed, if they supply metaphysical foundations at all, then they supply the very same metaphysical foundations. (shrink)

Against transmission -- For attention -- Education in the minor key -- Anthropology, art and the university.

Workplace AI is transforming labor but decisions on which AI applications are developed or implemented are made with little to no input from workers themselves. In this piece for AI & Society, I argue for nationalization as a strategy for democratizing AI.

Adventures in cutting-edge ideas about consciousness, from bestselling non-fiction writer Tim Parks. Hardly a day goes by without some discussion about whether computers can be conscious, whether our universe is some kind of simulation, whether mind is a unique quality of human beings or spread out across the universe like butter on bread. Most philosophers believe that our experience is locked inside our skulls, an unreliable representation of a quite different reality outside. Colour, smell and sound, they tell us, occur (...) only in our heads. Yet when neuroscientists look inside our brains to see what's going on, they find only billions of neurons exchanging electrical impulses and releasing chemical substances. Five years ago, in a chance conversation, Tim Parks came across a radical new theory of consciousness that undercut this interpretation. This set him off on a quest to discover more about this fascinating topic and also led him to observe his own experience with immense attention. Out of My Head tells the gripping, highly personal, often surprisingly funny, story of Tim Parks' quest to discover more about this fascinating topic. It frames complex metaphysical considerations and technical laboratory experiments in terms we can all understand. Above all, it invites us to see space, time, colour and smell, sounds and sensations in an entirely new way. The world will feel more real after reading it. (shrink)

It is common to distinguish between conscious mental episodes and standing mental states — those mental features like beliefs, desires or intentions, which a subject can have even if she is not conscious, or when her consciousness is occupied with something else. This paper presents a view of standing mental states according to which these states are less real than episodes of consciousness. It starts from the usual view that states like beliefs and desires are not directly present to the (...) mind, but are posited to explain thought and behaviour. Ascriptions of these states are attempts to model a subject’s “Worldview”: the totality of their cognitive, conative and affective dispositions. When ascribing standing states, we often significantly simplify the complexity of the Worldview. This simplification is a feature of models in general. The Worldview is also distinguished from the “Habitus” — the totality of dispositions that are associated with character traits. As with the Worldview, modelling the Habitus should be treated as a useful simplification of a very complex reality. It is argued that although these models have some similarities with fictions, these similarities are outweighed by the dissimilarities. (shrink)

The Meno is one of the foundational dialogues of the Platonic tradition - it initiates a series of investigations into subjects which lie at the heart of philosophy: What is virtue? How is it acquired?This edition of Taylor's revision of Sydenham's translation adds three introductory essays by Tim Addley and an extract from Procclus' commentary on The Republic on Virtue.

John McDowell is one of the most widely read philosophers in recent years. His engagement with a philosophy of language, mind and ethics and with philosophers ranging from Aristotle and Wittgenstein to Hegel and Gadamer make him one of the most original and outstanding philosophical thinkers of the post-war period. In this clear and engaging book Tim Thornton introduces and examines the full range of McDowell's thought. After a helpful introduction setting out McDowell's general view of philosophy Thornton introduces and (...) explains the following topics: • Wittgenstein on philosophy, normativity and understanding • value judgements • theories of meaning and sense • singular thought and Cartesianism • experience, knowledge and openness to the world • Mind and World and idealism • action and the debate with Hubert Dreyfus on conceptual content and skilled coping. This second edition has been significantly revised and expanded to include new sections on: McDowell's work on disjunctivism and criticisms of it; a new chapter on McDowell's modification of his account of perceptual experience and conceptual content and criticisms by Charles Travis; and a new chapter on action and McDowell's engagement with Hubert Dreyfus and the debate concerning skilled coping and mindedness. The addition of a glossary makes John McDowell, second edition essential reading for those studying McDowell, philosophy of language, philosophy of mind, ethics and epistemology, as well as for students of the recent history of analytical philosophy generally. Tim Thornton is Professor of Philosophy and Mental Health at University of Central Lancashire, UK. He is author of Essential Philosophy of Psychiatry (2007), Wittgenstein on Language and Thought (1998), co-author of the Oxford Textbook of Philosophy and Psychiatry (2006), and Tacit Knowledge (2013) and co-editor of the Oxford Handbook of Philosophy and Psychiatry (2013). (shrink)

This chapter contains sections titled: Limits for Uncommunicative Partners How Much Does a Particle Need to Know? Evaluation of Results Simulators Does Nature Simulate?

Philosophy and model theory frequently meet one another. Philosophy and Model Theory aims to understand their interactions -/- Model theory is used in every ‘theoretical’ branch of analytic philosophy: in philosophy of mathematics, in philosophy of science, in philosophy of language, in philosophical logic, and in metaphysics. But these wide-ranging appeals to model theory have created a highly fragmented literature. On the one hand, many philosophically significant mathematical results are found only in mathematics textbooks: these are aimed squarely at mathematicians; (...) they typically presuppose that the reader has a significant background in mathematics; and little clue is given as to their philosophical significance. On the other hand, the philosophical applications of these results are then scattered across disconnected pockets of papers, separated by decades or more. -/- The first aim of Philosophy and Model Theory, then, is to consider the philosophical uses of model theory. On a technical level, we try to show how philosophically significant results connect to one another, and also to state the best version of a result for philosophical purposes. On a philosophical level, we show how similar dialectical situations arise repeatedly, across fragmented debates in varied philosophical areas. -/- The second aim of Philosophy and Model Theory, though, is to consider the philosophy of model theory. Model theory itself is rarely taken as the subject matter of philosophising (contrast this, say, with the philosophy of biology, or the philosophy of set theory). But model theory is a beautiful part of pure mathematics, and worthy of philosophical study in its own right. (shrink)

A renowned anthropologist's profound and personal correspondences with the world we live in.

The premise of The Diversity of Darkness and Shameful Behaviors is to emphasize the need for enlightened, rational thinking as a paradigm of thought as the culture of shamelessness continues to grow and cast its repulsive dark shadow over those who embrace enlightened reason and basic human rights for all. This unique book utilizes evidence-based approaches in the examination of human behaviors in society that have become increasingly shameful and tolerated among a growing number of enablers. Key features include a (...) combination of academic analysis that draws on numerous and specific examples of the diversity of darkness that encompasses the world along with a balanced practical, everyday-life approach to the study of the socio-political world we live in through the use of contemporary culture references and featured popular culture boxes. Social scientists, social thinkers and the general audience alike will be intrigued and perhaps dismayed by the diversity of shamefully hateful and shamefully deadly topics covered. We should realize that humanity has the intellect to accomplish great feats but heed the growing culture of shamelessness, irrationality and the diversity of darkness. (shrink)

Which systems/organisms are conscious? New tests for consciousness (‘C-tests’) are urgently needed. There is persisting uncertainty about when consciousness arises in human development, when it is lost due to neurological disorders and brain injury, and how it is distributed in nonhuman species. This need is amplified by recent and rapid developments in artificial intelligence (AI), neural organoids, and xenobot technology. Although a number of C-tests have been proposed in recent years, most are of limited use, and currently we have no (...) C-tests for many of the populations for which they are most critical. Here, we identify challenges facing any attempt to develop C-tests, propose a multidimensional classification of such tests, and identify strategies that might be used to validate them. (shrink)

Philosophical commentaries on the difficult task of forming a deep, respectful relationship with the land.

This chapter contains sections titled: A Slightly Technical Interlude3 Bell's Theorem Again What Does Factorization Signify? Relativity and Signals Signaling Paradoxes Appendix B: Bohmian Mechanics.

This chapter contains sections titled: Galilean Transformations and Galilean Invariants A Brief Preliminary: Why Worry? Lorentz Invariance: Collapse Theories Lorentz Invariance: Hyperplane Dependence Lorentz Invariance: Non‐Collapse Theories Choose Your Poison.

A new theory of aesthetics and music, grounded in the collision between language and the body. In this book, Tim Hodgkinson proposes a theory of aesthetics and music grounded in the boundary between nature and culture within the human being. His analysis discards the conventional idea of the human being as an integrated whole in favor of a rich and complex field in which incompatible kinds of information—biological and cultural—collide. It is only when we acknowledge the clash of body and (...) language within human identity that we can understand how art brings forth the special form of subjectivity potentially present in aesthetic experiences. As a young musician, Hodgkinson realized that music was, in some mysterious way, “of itself”—not isolated from life, but not entirely continuous with it, either. Drawing on his experiences as a musician, composer, and anthropologist, Hodgkinson shows how when we listen to music a new subjectivity comes to life in ourselves. The normal mode of agency is suspended, and the subjectivity inscribed in the music comes toward us as a formative “other” to engage with. But this is not our reproduction of the composer's own subjectivation; when we perform our listening of the music, we are sharing the formative risks taken by its maker. To examine this in practice, Hodgkinson looks at the work of three composers who have each claimed to stimulate a new way of listening: Pierre Schaeffer, John Cage, and Helmut Lachenmann. (shrink)

Shadow pictures radically changed the modern understanding of pictorial concepts. Tim Otto Roth’s broadly based cultural history traces the consequences of this revolution of methods of vision and image production in the sciences and the arts. By means of abundant image and text sources he develops a picture theory based on physics and projective geometry. This definitive book comprising 500 pages provides a generally understandable and vivid insight in the history of shadowgraphs from the 19th century until the present age. (...) A crucial role play scientific processes as the X-ray technique, but also the artistic examination of space and body. (shrink)

My dissertation explores the nature of artifacts – things like chairs, tables, and pinball machines – and addresses the question of whether there is anything essential to being an artifact and a member of a particular artifact kind. My dissertation offers new arguments against both the anti-essentialist and current essentialist proposals. Roughly put, the view is that artifacts are successful products of an intention to make something with certain features constitutive of an artifact kind. The constitutive features are often functional (...) features, but may include structural, material, aesthetic, and other features. I further explore the ways in which artifacts are mind-dependent and I argue that this dependence is disjunctive. Not only do they depend on the intentions of their makers, but they also can depend on social groups or public norms and thus artifacts have an importantly social dimension and I argue that this disjunctive account applies not to artifact kinds but to individual artifacts depending on their context of creation. (shrink)

Universals are putative objects like wisdom, morality, redness, etc. Although we believe in properties (which, we argue, are not a kind of object), we do not believe in universals. However, a number of ordinary, natural language constructions seem to commit us to their existence. In this paper, we provide a fictionalist theory of universals, which allows us to speak as if universals existed, whilst denying that any really do.

In this work Tim Ingold provides a persuasive new approach to the theory behind our perception of the world around us. The core of the argument is that where we refer to cultural variation we should be instead be talking about variation in skill. Neither genetically innate or culturally acquired, skills are incorporated into the human organism through practice and training in an environment.They are as much biological as cultural.