Results for 'the threshold problem'

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  1. The Threshold Problem in Intergenerational Justice.Yogi Hale Hendlin - 2014 - Ethics and the Environment 19 (2):1.
    It is common practice in intergenerational justice to set fixed thresholds determining what qualifies as justice. Static definitions of how much and what to save for future generations, however, overestimate human epistemological limits and predictive capacity in regard to uncertainty in social- and ecosystems. Long-term predictions cannot account for the inherent range of contingent variables at play, especially according to contemporary theories of punctuated equilibrium. It is argued that policies deliberately testing ecological limits as currently conceived must be excluded from (...)
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  2. The Threshold Problem, the Cluster Account, and the Significance of Knowledge.Daniel Immerman - forthcoming - Episteme.
    The threshold problem is the task of adequately answering the question: “Where does the threshold lie between knowledge and lack thereof?” I start this paper by articulating two conditions for solving it. The first is that the threshold be neither too high nor too low; the second is that the threshold accommodate the significance of knowledge. In addition to explaining these conditions, I also argue that it is plausible that they can be met. Next, I (...)
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  3. Impurism, Practical Reasoning, and the Threshold Problem.Jessica Brown - 2013 - Noûs 47 (1):179-192.
    I consider but reject one broad strategy for answering the threshold problem for fallibilist accounts of knowledge, namely what fixes the degree of probability required for one to know? According to the impurist strategy to be considered, the required degree of probability is fixed by one's practical reasoning situation. I distinguish two different ways to implement the suggested impurist strategy. According to the Relevance Approach, the threshold for a subject to know a proposition at a time is (...)
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  4.  28
    Impurism, Practical Reasoning, and the Threshold Problem.Jessica Brown - 2012 - Noûs 48 (1):179-192.
    I consider but reject one broad strategy for answering the threshold problem for fallibilist accounts of knowledge, namely what fixes the degree of probability required for one to know? According to the impurist strategy to be considered, the required degree of probability is fixed by one's practical reasoning situation. I distinguish two different ways to implement the suggested impurist strategy. According to the Relevance Approach, the threshold for a subject to know a proposition at a time is (...)
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  5.  57
    Pragmatic Encroachment and the Threshold Problem.Simon Langford - 2021 - Erkenntnis 88 (1):173-188.
    The threshold problem for knowledge is the problem of saying where the threshold for knowledge lies in various cases and explaining why it lies there rather than elsewhere. Pragmatic encroachment is the idea that the knowledge-threshold is sensitive to practical factors. The latter idea seems to help us make progress on the former problem. However, Jessica Brown has argued that appearances are deceiving in this case: the threshold problem is still a thorny (...)
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  6.  17
    Paleoclimate analogues and the threshold problem.Joseph Wilson - 2023 - Synthese 202 (1):1-30.
    Climate models calibrated exclusively with observations from the 19th through 21st centuries are unsuitable for assessing many important hypotheses about the future. Many systems in the modern climate are expected to cross dynamic thresholds in the near future, requiring more than the instrumental record for adequate calibration. In this paper I argue that paleoclimate analogues from earth’s past can mitigate this threshold problem, even if the modern climate exhibits features that make it historically unique. While this requires that (...)
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  7. Skeptical Theism and the Threshold Problem.Yishai A. Cohen - 2013 - Forum Philosophicum: International Journal for Philosophy 18 (1):73-92.
    In this paper I articulate and defend a new anti-theodicy challenge to Skeptical Theism. More specifically, I defend the Threshold Problem according to which there is a threshold to the kinds of evils that are in principle justifiable for God to permit, and certain instances of evil are beyond that threshold. I further argue that Skeptical Theism does not have the resources to adequately rebut the Threshold Problem. I argue for this claim by drawing (...)
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  8.  11
    Skeptical Theism and the Threshold Problem.Yishai A. Cohen - 2013 - Forum Philosophicum: International Journal for Philosophy 18 (1):73-92.
    In this paper I articulate and defend a new anti-theodicy challenge to Skeptical Theism. More specifically, I defend the Threshold Problem according to which there is a threshold to the kinds of evils that are in principle justifiable for God to permit, and certain instances of evil are beyond that threshold. I further argue that Skeptical Theism does not have the resources to adequately rebut the Threshold Problem. I argue for this claim by drawing (...)
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  9.  38
    The Metric and the Threshold Problem for Theories of Health Justice: A Comment on Venkatapuram.Thomas Schramme - 2015 - Bioethics 30 (1):19-24.
    Any theory of health justice requires an account of what areas of social life are important enough to be of public concern. What are the goods that ought to be provided as a matter of justice? This is what I will call the metric problem. The capabilities approach puts forward a particular solution to this problem. In this article I will discuss some issues of such an approach in relation to Sridhar Venkatapuram's well-known theory. Another problem I (...)
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  10. The diachronic threshold problem.Rodrigo Borges - 2021 - Philosophical Studies.
    The paper introduces a new problem for fallibilist and infallibilist epistemologies – the diachronic threshold problem. As the name suggests, this is a problem similar to the well–known threshold problem for fallibilism. The new problem affects both fallibilism and infallibilism, however. The paper argues that anyone who worries about the well known problem for fallibilism should also worry about this new, diachronic version of the problem.
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    Correction to: The diachronic threshold problem.Rodrigo Borges - 2022 - Philosophical Studies 179 (6):2079-2079.
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  12. A Solution to Knowledge’s Threshold Problem.Michael Hannon - 2017 - Philosophical Studies 174 (3):607-629.
    This paper is about the ‘threshold problem’ for knowledge, namely, how do we determine what fixes the level of justification required for knowledge in a non-arbitrary way? One popular strategy for solving this problem is impurism, which is the view that the required level of justification is partly fixed by one’s practical reasoning situation. However, this strategy has been the target of several recent objections. My goal is to propose a new version of impurism that solves the (...)
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  13.  14
    On the Threshold of Exact Science: Selected Writings of Anneliese Maier on Late Medieval Natural Philosophy.Anneliese Maier - 1982 - University of Pennsylvania Press. Edited by Steven D. Sargent.
    The nature of motion -- Causes, forces, and resistance -- The concept of the function in fourteenth-century physics -- The significance of the theory of impetus for Scholastic natural philosophy -- Galileo and the Scholastic theory of impetus -- The theory of the elements and the problem of their participation in compounds -- The achievements of late Scholastic natural philosophy.
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  14. The Non-Identity Problem, Collective Rights, and the Threshold Conception of Harm.Makoto Usami - 2011 - Tokyo Institute of Technology Department of Social Engineering Discussion Paper (2011-04):1-17.
    One of the primary views on our supposed obligation towards our descendants in the context of environmental problems invokes the idea of the rights of future generations. A growing number of authors also hold that the descendants of those victimized by historical injustices, including colonialism and slavery, have the right to demand financial reparations for the sufferings of their distant ancestors. However, these claims of intergenerational rights face theoretical difficulties, notably the non-identity problem. To circumvent this problem in (...)
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  15.  9
    Locating the Boundaries of the Nuclear North: Arctic Biology, Contaminated Caribou, and the Problem of the Threshold.Jonathan Luedee - 2021 - Journal of the History of Biology 54 (1):67-93.
    This essay is a historical–geographical account of how scientists and public health officials conceptualized and assessed northern radioactive exposures in the late 1950s and 1960s. The detection of radionuclides in caribou bodies in northern Canada both demonstrated the global reach of nuclear fallout and revealed the unevenness of toxic relations and radioactive exposures. Following the documentation of the lichen–caribou–human pathway of exposure, Canadian public health officials became increasingly concerned about the possibility of heightened radioactive exposures among Indigenous northerners. Between 1963 (...)
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  16.  62
    Mass atrocities, retributivism, and the threshold challenge.Jesper Ryberg - 2010 - Res Publica 16 (2):169-179.
    The purpose of this paper is to direct attention to a challenge—referred to as the threshold challenge —facing a non-absolutist retributivist view on international criminal justice. It is argued, on the one hand, that this challenge constitutes a practically pertinent problem for the retributivist approach to the punishment of mass crimes and, on the other, that it is very hard to imagine any principled way of meeting this challenge.
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  17. The Butler problem revisited.T. Nadelhoffer - 2004 - Analysis 64 (3):277-284.
    On the surface, it seems plausible that the goodness or badness of an agent’s actions should be completely irrelevant to the question of whether she performed them intentionally, but there is growing evidence that ascriptions of intentional actions are affected by moral considerations. Joshua Knobe, for instance, has recently published a series of groundbreaking papers (2003a, 2003b, 2004) in which he suggests that people’s judgments concerning the intentionality of an action may sometimes depend on what they think about the action (...)
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  18. Hermann von Helmholtz: On the Threshold of Modern Physics.Peter T. Landsberg - 1995 - In Heinz Lübbig (ed.), The Inverse Problem. Akademie Verlag Und Vch Weinheim. pp. 1.
     
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  19.  13
    Competence, Voluntariness, and Oppressive Socialization: A Feminist Critique of the Threshold Elements of Informed Consent.Dominic Sisti & Joseph Stramondo - 2015 - International Journal of Feminist Approaches to Bioethics 8 (1):67-85.
    Feminists have argued that oppressive socialization undermines the liberal model of autonomy. We contend that this argument can also be employed effectively as a challenge to the standard bioethical model of informed consent. We claim that the standard model is inadequate because it relies on presumptions of procedural autonomy and rational choice that overlook the problem of how agents are often socialized so that they adopt and internalize oppressive norms as part of their motivational structure. The argument that oppressive (...)
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  20.  25
    Competence, voluntariness, and oppressive socialization: A feminist critique of the threshold elements of informed consent.Dominic Sisti & Joseph Stramondo - 2015 - International Journal of Feminist Approaches to Bioethics 8 (1):67-85.
    Feminists have argued that oppressive socialization undermines the liberal model of autonomy. We contend that this argument can also be employed effectively as a challenge to the standard bioethical model of informed consent. We claim that the standard model is inadequate because it relies on presumptions of procedural autonomy and rational choice that overlook the problem of how agents are often socialized so that they adopt and internalize oppressive norms as part of their motivational structure. The argument that oppressive (...)
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  21.  30
    The measurement problem resolved and local realism preserved via a collapse-free photon detection model.Barry C. Gilbert & Sue Sulcs - 1996 - Foundations of Physics 26 (11):1401-1439.
    A new realislic local model of light propagation and detection is described. The authors propose a novel stochastic model of low-intensity photon detection in which background noise is added to a part of the photon prior to absorption. In this model, in agreement with Planck, there is no quantization of the propagating field. The model has some similarities to theories advanced by E. Santos and T. Marshall in the last decade, but also has substantial deviations from these. A mechanism, conserving (...)
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  22.  28
    Solving the Contamination Minimization Problem on Networks for the Linear Threshold Model.Masahiro Kimura, Kazumi Saito & Hiroshi Motoda - 2008 - In Tu-Bao Ho & Zhi-Hua Zhou (eds.), Pricai 2008: Trends in Artificial Intelligence. Springer. pp. 977--984.
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  23.  27
    The problem of network synthesis in threshold logic.H. Jóźwik - 1968 - Studia Logica 23 (1):142-142.
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  24. The Consequences of Individual Consumption: A Defence of Threshold Arguments for Vegetarianism and Consumer Ethics.Ben Almassi - 2011 - Journal of Applied Philosophy 28 (4):396-411.
    As a moral foundation for vegetarianism and other consumer choices, act consequentialism can be appealing. When we justify our consumer and dietary choices this way, however, we face the problem that our individual actions rarely actually precipitate more just agricultural and economic practices. This threshold or individual impotence problem engaged by consequentialist vegetarians and their critics extends to morally motivated consumer decision-making more generally, anywhere a lag persists between individual moral actions taken and systemic moral progress made. (...)
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  25.  74
    Blumenberg and the Modernity Problem.Robert B. Pippin - 1987 - Review of Metaphysics 40 (3):535 - 557.
    In the long aftermath of such modernist suspicions about the still dominant "official" Enlightenment culture, the very title of the recently translated book by Hans Blumenberg is a bluntly direct invitation to controversy--The Legitimacy of the Modern Age. For Blumenberg, when Giordano Bruno, condemned to burn at the stake in 1600, defiantly turned his face from a crucifix offered him as a last chance at redemption, the heroic gesture should be seen as just that, heroic and historically decisive, a rejection (...)
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  26.  41
    Philosophy of Education in Spain at the Threshold of the 21st Century – Origins, Political Contexts, and Prospects.Gonzalo Jover - 2001 - Studies in Philosophy and Education 20 (4):361-385.
    This article analyzes the evolution of Philosophy of Educationin Spain and its situation at the dawn of the 21st century. Spain'speculiar socio-historical circumstances have largely conditioned thedirection this discipline has taken over the last several decades. So,although during a period there was some approximation towards themethods of analytic philosophy, Philosophy of Education has never fullyrelinquished its normative vocation. To do so would have meant spurningthe hopes and fears that had filled Spanish society by the mid 1970supon the reinstatement of civil (...)
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  27.  32
    Solving the “human problem”: The frontal feedback model.Raymond A. Noack - 2012 - Consciousness and Cognition 21 (2):1043-1067.
    This paper argues that humans possess unique cognitive abilities due to the presence of a functional system that exists in the human brain that is absent in the non-human brain. This system, the frontal feedback system, was born in the hominin brain when the great phylogenetic expansion of the prefrontal cortex relative to posterior sensory regions surpassed a critical threshold. Surpassing that threshold effectively reversed the preferred direction of information flow in the highest association regions of the neocortex, (...)
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  28.  16
    Degrees of Moral Status: The Problem of Relevance and the Need for a Threshold.David Wendler - forthcoming - Erkenntnis:1-18.
    To provide a theoretical basis for the common view that moral status comes in degrees, many philosophers endorse ‘two-factor’ accounts of the foundations of moral status. These accounts postulate one or more properties which endow individuals with moral status, and one or more other properties which increase the moral status of those who possess them. Critical assessment of two-factor accounts has focused on their implications, especially for humans who lack the properties thought to increase individuals’ moral status. Unfortunately, this approach (...)
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  29.  6
    Threshold Concepts in Problem-Based Learning.Maggi Savin-Baden & Gemma Tombs (eds.) - 2018 - Brill | Sense.
    _Threshold Concepts in Problem-based Learning_ provides a critical discussion and guidance for educational researchers, teachers, innovators and policy makers wanting to explore the interrelationship of PBL and threshold concepts.
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  30.  90
    What is the harm in harmful conception? On threshold harms in non-identity cases.Nicola J. Williams & John Harris - 2014 - Theoretical Medicine and Bioethics 35 (5):337-351.
    Has the time come to put to bed the concept of a harm threshold when discussing the ethics of reproductive decision making and the legal limits that should be placed upon it? In this commentary, we defend the claim that there exist good moral reasons, despite the conclusions of the non-identity problem, based on the interests of those we might create, to refrain from bringing to birth individuals whose lives are often described in the philosophical literature as ‘less (...)
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  31.  89
    The duality principle: Irreducibility of sub-threshold psychophysical computation to neuronal brain activation.Jonathan Bentwich - 2006 - Synthese 153 (3):451-455.
    A key working hypothesis in neuroscience is ‘materialistic reductionism’, i.e., the assumption whereby all physiological, behavioral or cognitive phenomena is produced by localized neurochemical brain activation (but not vice versa). However, analysis of sub-threshold Weber’s psychophysical stimulation indicates its computational irreducibility to the direct interaction between psychophysical stimulation and any neuron/s. This is because the materialistic-reductionistic working hypothesis assumes that the determination of the existence or non-existence of any psychophysical stimulation [s] may only be determined through its direct interaction (...)
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  32.  10
    Frangois Furet.T. O. Problem-Oriented - 2001 - In Geoffrey Roberts (ed.), The history and narrative reader. New York: Routledge. pp. 269.
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  33. The long road of personalism. III. personalism and contemporary problems.The Editor The Editor - 1942 - Pacific Philosophical Quarterly 23 (4):379.
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  34.  25
    Indeterminacy and the normative basis of the harm threshold for overriding parental decisions: a response to Birchley.Rosalind J. McDougall - 2016 - Journal of Medical Ethics 42 (2):119-120.
    Birchley9s critique of the harm threshold for overriding parental decisions is successful in demonstrating that the harm threshold, like the best interests standard, suffers from the problem of indeterminacy. However, his focus on critiquing empirical rather than normative arguments for the harm threshold means that his broad conclusion that it is ‘ill-judged’ is not justified. Advocates of the harm threshold can accept that the concept of harm to a child is indeterminate, yet still invoke strong (...)
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  35.  8
    Stability, growth, and the problem of thresholds: Peter Vickers: Identifying future-proof science. Oxford: Oxford University Press, 2023, 288 pp, £72 HB. [REVIEW]David Harker - 2023 - Metascience 33 (1):11-16.
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  36.  13
    Simple Threshold Rules Solve Explore/Exploit Trade‐offs in a Resource Accumulation Search Task.Ke Sang, Peter M. Todd, Robert L. Goldstone & Thomas T. Hills - 2020 - Cognitive Science 44 (2):e12817.
    How, and how well, do people switch between exploration and exploitation to search for and accumulate resources? We study the decision processes underlying such exploration/exploitation trade‐offs using a novel card selection task that captures the common situation of searching among multiple resources (e.g., jobs) that can be exploited without depleting. With experience, participants learn to switch appropriately between exploration and exploitation and approach optimal performance. We model participants' behavior on this task with random, threshold, and sampling strategies, and find (...)
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  37. Should UK Law Reconsider the Initial Threshold of Legal Personality? A Critical Analysis.David Nixon - 2010 - Human Reproduction and Genetic Ethics 16 (2):182-217.
    At present UK Law states that the unborn child only becomes a legal person invested with legal rights and full protections, like other human persons, at birth. This article critiques the present legal position of setting the threshold for legal personality at birth, showing its inconsistencies and fundamentally pragmatic basis. Against this background, it is argued that a principled approach towards unborn life is necessary, which reflects in law the reality that the unborn child is a type of human (...)
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  38.  14
    Can a knowledge threshold save the de minimis principle?H. Orri Stefansson & Björn Lundgren - 2022 - Proceedings of the Institution of Mechanical Engineers, Part O: Journal of Risk and Reliability 236 (6):1164-1167.
    The de minimis principle states that some risks are so trivial that they can be ignored or treated categorically differently from non-trivial risks. Lundgren and Stefánsson criticize the de minimis principle, arguing that it either has to be applied locally or globally and that problems arise whichever application is chosen. Aven and Seif respond to Lundgren and Stefánsson’s argument and defend the de minimis principle as a “meaningful and useful perspective for handling risk in practice.” The response highlights some aspects (...)
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  39.  69
    The problem of equal moral status.Zoltan Miklosi - 2022 - Politics, Philosophy and Economics 21 (4):372-392.
    A central puzzle of contemporary moral and political philosophy is that while most of us believe that all or almost all human beings enjoy the same moral status, human beings possess the capacities that supposedly ground moral status to very unequal levels. This paper aims to develop a novel strategy to vindicate the idea of moral equality against this challenge. Its central argument is that the puzzle emerges only if one accepts a usually unstated theoretical premise about value and the (...)
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  40.  94
    Game Theory Meets Threshold Analysis: Reappraising the Paradoxes of Anarchy and Revolution.Peter Vanderschraaf - 2008 - British Journal for the Philosophy of Science 59 (4):579-617.
    I resolve a previously unnoticed anomaly in the analysis of collective action problems. Some political theorists apply game theory to analyze the paradox of anarchy: War is apparently inevitable in anarchy even though all warring parties prefer peace over war. Others apply tipping threshold analysis to resolve the paradox of revolution: Joining a revolution is apparently always irrational even when an overwhelming majority of the population wish to replace their regime. The usual game theoretic analysis of anarchy yields the (...)
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  41.  88
    Mental-Threshold Egalitarianism: How Not to Ground Full Moral Status.Rainer Ebert - 2018 - Social Theory and Practice 44 (1):75-93.
    Mental-threshold egalitarianism, well-known examples of which include Jeff McMahan’s two-tiered account of the wrongness of killing and Tom Regan’s theory of animal rights, divides morally considerable beings into equals and unequals on the basis of their individual mental capacities. In this paper, I argue that the line that separates equals from unequals is unavoidably arbitrary and implausibly associates an insignificant difference in empirical reality with a momentous difference in moral status. In response to these objections, McMahan has proposed the (...)
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  42.  64
    A normative comparison of threshold views through computer simulations.Alice C. W. Huang - 2022 - Synthese 200 (4):1-23.
    The threshold view says that a person forms an outright belief P if and only if her credence for P reaches a certain threshold. Using computer simulations, I compare different versions of the threshold view to understand how they perform under time pressure in decision problems. The results illuminate the strengths and weaknesses of the various cognitive strategies in different decision contexts. A threshold view that performs well across diverse contexts is likely to be a cognitively (...)
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  43.  23
    Global Problems as the Subject of Multidisciplinary Scientific Research.V. A. Los' - 1986 - Russian Studies in Philosophy 25 (2):4-30.
    At the contemporary stage in the development of humanity, an increasing number of problems, affecting both individuals and society as a whole and having in the past had a local character, are acquiring in the 1970s and 80s—an epoch of ever-accelerating scientific and technical progress and further socio-economic development—a global character, touching to one degree or another the interests of all countries and peoples. Such problems cause anxiety for wide circles of the public and are attracting the increasing attention of (...)
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  44.  3
    Aggregating Credences into Beliefs: Threshold-Based Approaches.Minkyung Wang - 2023 - In Natasha Alechina, Andreas Herzig & Fei Liang (eds.), Logic, Rationality, and Interaction: 9th International Workshop, LORI 2023, Jinan, China, October 26–29, 2023, Proceedings. Springer Nature Switzerland. pp. 269-283.
    Binarizing belief aggregation tackles the problem of aggregating individuals’ probabilistic beliefs on logically connected propositions into the group’s binary beliefs. One common approach to associating probabilistic beliefs with binary beliefs would be applying thresholds to probabilities. This paper aims to introduce and classify a range of threshold-based binarizing belief aggregation rules while characterizing them based on different forms of monotonicity and other properties.
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  45.  9
    The heart is noble: changing the world from the inside out.Ogyen Trinley Dorje The Karmapa - 2013 - Boston, Massachusetts: Shambhala. Edited by Diana Finnegan & Karen Derris.
    Sixteen American college students spent a month in India with His Holiness the Seventeenth Karmapa. Together, they discussed topics ranging from food justice to gender identities to sustainable compassion. The Karmapa's teachings in this book are the product of those meetings. For those who wish to take up its challenge, this book can serve as a guide to being a friend to this planet and to all of us who share it. The Karmapa describes how to see the world as (...)
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  46.  14
    Problems with the Living Wage Movement.Benjamin Sachs - Cobbe - 2022 - International Journal of Applied Philosophy 36 (2):123-143.
    The Living Wage Movement (LWM) should be evaluated on whether it enables more people, or people willing to work, to lead a decent life. But, first, to the extent that it succeeds in getting some workers up to that threshold it is likely to make it harder for other workers to do the same. Second, to the extent that it succeeds in getting some workers up to that threshold it is likely to make it harder for non-workers to (...)
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  47.  96
    Individual procreative responsibility and the non-identity problem.Eduardo Rivera-lópez - 2009 - Pacific Philosophical Quarterly 90 (3):336-363.
    The question I address in this paper is whether and under what conditions it is morally right to bring a person into existence. I defend the commonsensical thesis that, other things being equal, it is morally wrong to create a person who will be below some threshold of quality of life, even if the life of this potential person, once created, will nevertheless be worth living. However commonsensical this view might seem, it has shown to be problematic because of (...)
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  48. SUSTAINABLE REASON-BASED GOVERNANCE AFTER THE GLOBALISATION COMPLEXITY THRESHOLD.Andrei P. Kirilyuk - forthcoming - Work Submitted for the Global Challenges Prize 2017.
    We propose a qualitatively new kind of governance for the emerging need to efficiently guide the densely interconnected, ever more complex world development, which is based on explicit and openly presented problem solutions and their interactive implementation practice within the versatile, but unified professional analysis of complex real-world dynamics, involving both the powerful central units and the attached creative worldwide network of professional representatives. We provide fundamental and rigorous scientific arguments in favour of introduction of just that kind of (...)
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  49.  50
    Auditors' ability to discern the presence of ethical problems.Julia N. Karcher - 1996 - Journal of Business Ethics 15 (10):1033 - 1050.
    Recently, society and the accounting profession have become increasingly concerned with ethics. Accounting researchers have responded by attempting to investigate and analyze the ethical behavior of accountants. While the current state of ethical behavior among practitioners is important, the ability of accountants to detect ethical problems that may not be obvious should also be studied and understood. This study addresses three questions: (1) are auditors alert to ethical issues; (2) if so, how important do they perceive them to be; and (...)
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  50.  43
    The generalized harmonic mean and a portfolio problem with dependent assets.Masaaki Kijima - 1997 - Theory and Decision 43 (1):71-87.
    McEntire (1984) proved that, for a portfolio problem with independent assets, the generalized harmonic mean plays the role of a risk-free threshold. Based upon this property, he developed a criterion for including or excluding assets in an optimal portfolio, and he proved an ordering theorem showing that an optimal portfolio always consists of positive amounts of the assets with the largest mean values. Also, some commonly used utility functions were shown to satisfy the property that the dominance of (...)
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