Milton Friedman has argued that corporations have no responsibility to society beyond that of obeying the law and maximizing profits for shareholders. Individuals may have social responsibilities according to Friedman, but not corporations.When executives make contributions to address social problems in the name of the corporation, they are doing so with other people''s (shareholders'') money. The responsibility of corporate executives is a fiduciary one, to serve as an agent for the corporation''s shareholders, and to uphold shareholders'' trust, which requires executives (...) to maximize the return to their shareholders, who can then, if they choose, contribute their own money to worthy causes. (shrink)
In this study both adolescents with autism spectrum disorder (ASD) and typically developing controls were presented with conditional reasoning problems using familiar content. In this task both valid and fallacious conditional inferences that would otherwise be drawn can be suppressed if counterexample cases are brought to mind. Such suppression occurs when additional premises are presented, whose effect is to suggest such counterexample cases. In this study we predicted and observed that this suppression effect was substantially and significantly weaker for autistic (...) participants. We take this as evidence that autistics are less contextualised in their reasoning, a finding that can be linked to research on autism on a variety of other cognitive tasks. (shrink)
The least element 0 of a finite meet semi-distributive lattice is a meet of meet-prime elements. We investigate conditions under which the least element of an algebraic, meet semi-distributive lattice is a (complete) meet of meet-prime elements. For example, this is true if the lattice has only countably many compact elements, or if |L| < 2ℵ0, or if L is in the variety generated by a finite meet semi-distributive lattice. We give an example of an algebraic, meet semi-distributive lattice that (...) has no meet-prime element or join-prime element. This lattice L has |L| = |LC| = 2ℵ0 where Lc is the set of compact elements of L. (shrink)
Assume that all algebras are atomless. (1) $Spind(A x B) = Spind(A) \cup Spind(B)$ . (2) $(\prod_{i\inI}^{w} = {\omega} \cup \bigcup_{i\inI}$ $Spind(A_{i})$ . Now suppose that $\kappa$ and $\lambda$ are infinite cardinals, with $kappa$ uncountable and regular and with $\kappa \textless \lambda$ . (3) There is an atomless Boolean algebra A such that $\mathfrak{u}(A) = \kappa$ and $i(A) = \lambda$ . (4) If $\lambda$ is also regular, then there is an atomless Boolean algebra A such that $t(A) = \mathfrak{s}(A) = (...) \kappa$ and $\mathfrak{a}(A) = \lambda$ . All results are in ZFC, and answer some problems posed in Monk [01] and Monk [ $\infty$ ]. (shrink)
We exhibit a construction which produces for every Turing machine T with two halting states μ 0 and μ -1 , an algebra B(T) (finite and of finite type) with the property that the variety generated by B(T) is residually large if T halts in state μ -1 , while if T halts in state μ 0 then this variety is residually bounded by a finite cardinal.
Whereas The Stag Hunt and the Evolution of Social Structure supplements Evolution of the Social Contract by examining some of the earlier work’s strategic problems in a local interaction setting, no equivalent supplement exists for The Dynamics of Rational Deliberation . In this article, I develop a general framework for modeling the dynamics of rational deliberation in a local interaction setting. In doing so, I show that when local interactions are permitted, three interesting phenomena occur: (a) the attracting deliberative equilibria (...) may fail to agree with any of the Nash equilibria of the underlying game, (b) deliberative dynamics which converged to the same deliberative outcome in The Dynamics of Rational Deliberation may lead to different deliberative outcomes here, and (c) Bayesian deliberation seems to be more likely to avoid nonstandard deliberative outcomes, contrary to the result reported in The Dynamics of Rational Deliberation , which argued in favour of the Brown–von Neumann–Nash dynamics. (shrink)
