This book offers a unified treatment of selected topics in the theory of financial markets. Starting with discrete time models, Dothan introduces discrete time stochastic calculus and discrete martingale methods of intuitive simplicity to characterize attainability, completeness, pricing, and the relationship between risk and return in financial markets. Subsequently, he uses the intuition developed in conjunction with the discrete time theory to introduce continuous time calculus for continuous, jump, and mixed continuous-jump processes, and to deal with attainability, completeness, pricing, (...) and the relationship between risk and return in general continuous time models. Throughout, the exposition of the continuous time theory emphasizes the analogies between discrete time and continuous time methods and results. The book includes many examples, applications to the pricing of options and other derivative securities, and an extensive discussion of the Black-Scholes model and its most general theoretical extension. (shrink)

Es geht nicht darum, die Religion wieder auferstehen zu lassen [...]. Sondern es geht darum, die blosse Vernunft auf die Unbegrenztheit hin zu offnen, die ihre Wahrheit ausmacht. Im vielbehaupteten Trend einer Ruckkehr zur Religion erweist sich Jean-Luc Nancys Philosophie als widerstandig: Einerseits steht die Frage nach der Bedeutung von Religion und insbesondere des Christentums im Mittelpunkt seiner Uberlegungen, andererseits stellt er sich nicht in die Tradition einer neuen (De-)Legitimation von Religion. In Auseinandersetzung mit Jean-Luc Nancy, insbesondere mit seinem Projekt (...) einer Dekonstruktion des Christentums, widmen sich die Beitrage dieses Bandes der allgemeinen Verortung des Phanomens der Religion in pluralistischen Gemeinschaften aus theologischer und philosophischer Sicht. (shrink)

The authors of this volume rethink our usual understanding of the relationship between faith, belief and skepticism. For some, skeptical faith is an oxymoron and faith and skepticism are mutually exclusive states or attitudes. Others argue that there is no proper faith without skepticism about faith. Taking John Schellenberg's recent work on the possibility of a skeptical faith as a starting point, the authors respond to and in some cases seek to go further than Schellenberg. In a variety of ways, (...) the papers take up the following questions: How are we to construe the relationship between faith, belief, and skepticism if we seek to understand what is characteristic of a life of faith, or of unfaith? Is belief in God necessary for faith in God to be possible? Does one need to have sufficient reasons for believing something before one is rationally entitled to having faith in something? In short, what is the relationship between faith and belief, belief and understanding, understanding and experience, and experience and skepticism? (shrink)

Revelation is a central category in many religions. Judaism, Christianity, Islam, Mormonism or Unificationists are difficult if not impossible to imagine without it. For some, revelation signifies a decisive event in the past, for others it is a present reality. It plays a central role in shaping religious identities, and it is the reason for much criticism. Some follow a religion only because of its claim to divine revelation, whereas others criticize it as "hearsay upon hearsay" (Paine) on which they (...) would never rest their belief. Some religions have built elaborate institutions of priests and privileged interpreters to safeguard their revelation, control access to it and to protect the right way of interpreting and communicating it. But claims to revelation have also been criticized as strategies of self-immunization, which allow religions to avoid critical public debate of their views and teachings, or legitimize the position of those in power. The 33rd Conference of Philosophy of Religion at Claremont Graduate University in 2012 addressed these complex issues by concentrating on three areas of debate: I. Revelation and Reason, II. Hermeneutics of Revelation, III. Phenomenology of Revelation. (shrink)

It will be assumed that the questions are legitimate.

This paper offers a comprehensive discussion on the concept of Africa and freedom, freedoms in indigenous Africa, literacy and freedom from external forces, freedom under colonial rule, the role of World War II, decolonization and the Independence Movement in Africa, independent African and new challenges for freedom and finally a way forward.

Reincarnation is a death-specific and forward-looking philosophico-religious phenomenon that enjoys a cross-cultural appeal. It represents the theory that when the soul separates from the body at death, it informs another body for another round of earthly life. The debate on reincarnation has, so far, revolved around the reality or otherwise of reincarnation and the associated claims. In this article, we undertake a holistic and critical examination and appraisal of the key arguments underlying the reincarnation debate, with emphasis on the nature (...) and structure of reincarnation, as well as the value of reincarnation belief. The aim is to determine who gets what among the contending parties. Although oral interviews were involved in the exercise, textual and doctrinal analysis of extant literatures on reincarnation formed the predominant source of data for the research. Our finding reveals that although the phenomenon of reincarnation is bedeviled by internal contradictions and belief in it hardly justifiable, belief in it has some positive values, including coping and unifying values that could be harnessed for the well-being of people and society. These observed values of reincarnation and the attendant belief in it, the article concludes, do not constitute a conclusive proof of the reality of reincarnation.Contribution: The contributive value of this paper lies in bringing to the fore the fact that contrary to popular assumption, the notion of belief is in reality, epistemically more powerful than knowledge, at least in the context of religion. Considering that HTS Theological Studies focuses on religious issues and that ‘belief’ and ‘knowledge’ are religious concepts, we consider this paper to be suitable to its objectives. (shrink)

Bart Pattyn: Needless to say, we are more than pleased with the willingness of Michael Walzer to be here in Leuven. After the stimulating lecture yesterday we now have the opportunity to pose some questions to Michael Walzer in the same room where we talked with his friend, Harry Frankfurt, as well as with Bernard Williams. I have asked Professor Selling to moderate this discussion which I am sure he will do with a firm hand.Joseph Selling: We have (...) two papers which Prof. Walzer, and many of you, have read in advance. Perhaps we can take the questions from the authors of those papers and then take other questions. (shrink)

Abstract:This paper contends that rationality is more properly evaluated as a property of an organization’s relationships with its stakeholders than of the organization itself. We predicate our approach on the observation that stakeholders can hold goals quite distinct from those of owners and top managers, and these too can be rationally pursued. We build upon stakeholder theory and Weber’s classic distinction betweenwertrationalitatandzweckrationalitat, adding to them the “new institutionalist” concept of the organization field (1983, 1991). Stakeholders employ a variety of direct (...) and indirect mechanisms to rationalize relations with the firm. We discuss four: internal subunits, legislated stakeholder participation, legislated access to information, and direct stakeholder activism. These developments are blurring the distinction between the environment and the organization by importing the values and goals of external stakeholders into the internal organization. They are also precipitating a more structured set of relationships among the actors who comprise the field. To the extent that thezweckrationalitatvalues of managers and owners as well as thewertrationalitatconcerns of stakeholders are met, the firm is more rational. (shrink)

This book highlights some of the most pressing safety, ethical, legal and societal issues related to the diverse contexts in which robotic technologies apply. Focusing on the essential concept of well-being, it addresses topics that are fundamental not only for research, but also for industry and end-users, discussing the challenges in a wide variety of applications, including domestic robots, autonomous manufacturing, personal care robots and drones.

A response to the Catholic Bishops' Pastoral on the U.S. economy, this book presents a lay point of view on Catholic social thought and the economy.

Previous research on gender-based economic inequality has emphasized occupational segregation as the leading explanatory factor for the gender wage gap. Yet the globalization of the U.S. economy has affected gender inequality in fundamental ways and potentially diminished the influence of occupational gender segregation. We examine whether occupational gender segregation continues to be the main determinant of gender earnings inequality and to what extent globalization processes have emerged as important determinants of inequality between women’s and men’s earnings. We study factors contributing (...) to the gender earnings ratio as well as the median earnings of men and women for 271 U.S. metropolitan areas. The results indicate that occupational segregation is still the leading determinant of gender earnings inequality, that its effects are only slightly diminished by the presence of globalization, and that various aspects of the global economy independently influence the gender earnings gap. (shrink)

The doctrine of double effect has a firm, respected position within Roman Catholic medical ethics. Neil M. Gorsuch, a judge on the U.S. Court of Appeals for the Tenth Circuit, believes that this doctrine also enjoys a central place within U.S. law. This essay examines and assesses Gorsuch’s thesis. National Catholic Bioethics Quarterly 11.1 (Spring 2011): 31–40.

Michael Winters | : Dans cette contribution, on formule l’hypothèse qu’il y a deux styles de leadership dominants dans les discours épiscopaux qui émergent de nos jours aux États-Unis : un premier, plutôt agressif, qui adopte une attitude défensive vis-à-vis de la culture ambiante ; un second, plus traditionnel, qui se contente de relayer l’enseignement de l’Église et laisse les laïcs incarner cet enseignement dans la culture. | : In this paper, it will be argued that there are two (...) dominant styles of leadership which dominate in the United States today : one is the style of the culture warrior, who takes a defensive posture towards the dominant culture ; the other, more traditional, is that of the churchman, who teaches what the Church teaches, but lets the laity engage that teaching in the culture. (shrink)

Abstractabstract:This article considers Buddhist and Christian Nikkei responses to U.S. nationalism through an examination of the I-Rei-To Memorial, which was designed to remember those who died while incarcerated at the Manzanar War Relocation Authority camp. It argues that efforts to create and maintain a memorial for the deceased created instances of interfaith cooperation among Nikkei that were shaped by the shared experiences of wartime racialization. Furthermore, the I-Rei-To design embodied multivalent meanings that served to challenge portrayals of the imprisoned as (...) alien enemies while also serving the needs of both Buddhists and Christians in the camp. Even as the U.S. government actively worked to erase the memory of the camps and the memorial at the end of World War II, the resonance of these multivalent meanings persisted through postwar interfaith pilgrimages to the memorial site by a small number of former internees. (shrink)

1. Bd. Einleitung, Text und Übersetzung -- 2. Bd. Kommentar.

This paper analyzes individual probabilistic predictions of state outcomes in the 2008 U.S. presidential election. Employing an original survey of more than 19,000 respondents, ours is the first study of electoral forecasting to involve multiple subnational predictions and to incorporate the influence of respondents’ home states. We relate a range of demographic, political, and cognitive variables to individual accuracy and predictions, as well as to how accuracy improved over time. We find strong support for wishful thinking bias in expectations, as (...) Republicans gave higher probabilities to McCain victories and were worse at overall prediction. In addition, we find that respondents living in states with higher vote shares for Obama performed better at prediction and displayed less wishful thinking bias. We conclude by showing that suitable aggregations of our respondents’ predictions outperformed Intrade (a prediction market) and fivethirtyeight.com (a poll-based forecast) at most points in time. (shrink)

In lieu of an abstract, here is a brief excerpt of the content:Michael’s Story or the Paradox of NormalcyMichael KreuzerI was born in Montreal in 1974. My parents were both “older.” My mother was almost 45; my father was in his 50’s. I have a sister who is six years older than me. What I know about my mother’s prenatal care is that it was quite basic.I was premature. My mother’s due date was in mid–August, however I showed up (...) about three weeks earlier. I know that initially upon my birth I was declared male. However, upon closer examination, a few “abnormalities” of my genitals were found. I urinated through a small hole at the base of my penis; adjacent to this hole was another opening, barely big enough for a Q–tip. My scrotum was empty; my gonads had not descended.The doctors who examined me decided that they could not assign a gender without further testing. They told my mother I would need to remain in the hospital until such testing was completed. Apparently not being able to determine sex/gender is a life–threatening condition that requires hospitalization.It was determined that I had a uterus and it was presumed that my undescended gonads were ovaries (not verified by biopsy). There was a small vaginal opening behind my small urethral opening. Structures such as the labia were not developed. I found out later my vagina had fistulated into both my urethra and my perineum. Karyotyping was performed resulting in 46,XX with a diagnosis of female pseudo–hermaphroditism. My parents were informed that in spite of my external genitalia I was female and I would never develop as a male. I would require “corrective surgeries” which should be performed as soon as possible so I would not have any issues with my gender identity. They were even told that I would be able to become pregnant if I had the surgeries. In fact, I never ovulated and I have a small unicornuate uterus.My father refused all surgeries on my behalf most likely because he was a full–blooded Navajo who had suffered from abuse in an Indian boarding school during his childhood in New Mexico. His family was traditional, and because they didn’t adapt to prevailing Christian values, he and several of his siblings were removed from their parents. My dad was the oldest of 12 children and by the time his youngest siblings were born, the practice to take children away from their families had been changed.I think my father was deeply traumatized by his childhood and did not associate much with his family, nor did he want to visit the reservation. He spoke the language but never encouraged us to learn it. He did teach us some of the traditions. He told me about the nadleh, which is the other gender besides male and female in the Navajo tradition. There are two kinds of nadleh, which are almost like male–to–female and female–to–male transsexuals. Mostly I educated myself later and learned about the Navajo belief system in which the creation story is an important part. In the Navajo tradition, the creation story tells of First Man and First Woman; the first children born to them are the Hermaphrodite Twins. [End Page E7]My father was a US Army Master Sergeant, which was an unusual career for a man of his origins; he was a veteran of the Second World War. After he left the army he took his family to Montreal where he had a job in security. I think he preferred to live outside the U.S. He used to say that in Germany, where he had managed to stay for a long time while serving in the Army, he was just another American soldier. In spite of his career, he had a deep mistrust for “white people.” I remember he used to say that he was in the Army because this was his country long before the white people came and he loved it. He did not love the people who governed it. All this very much played into the decision not to listen to the doctors’ recommendations about surgery. My... (shrink)

Aphorismen-Bücher sind nicht systematisch und widersprechen eigentlich der Konsequenz des Denkens. Nietzsche indes fordert das «rück- und vorsichtige» Lesen der seinen, und in der Tat: In der Morgenröthe erschließen sich mehrere Gewebe von Verweisen. Hervor tritt eine Technik: mögliche Strukturen anzubieten, wie zum Beispiel Bildfolgen und Zahlenkomposition. Kontexte finden sich, die erstens alles Reden, selbst das philosophische, von den lästigen Verpflichtungen auf logische und empirische Sachverhalte und zu anderen, etwa ästhetischen Möglichkeiten des Denkens befreien, und die zweitens anbieten, den Kalkül (...) durch Zahlen- oder Bilderspiel zu ersetzen. Die kaleidoskopisch wechselnden Sinn-Angebote lassen die Wahrheitsfrage überflüssig und poetische Ideen sichtbar werden. (shrink)

Von allen Briefwechseln, die Bernard Bolzano (1781?1848) führte, war der mit seinem Schüler und Freund Michael Josef Fesl (1788?1864) bei weitem der umfangreichste. Insgesamt tauschten die beiden etwa 730 Briefe aus. Da wegen der grossen Zahl der Briefe in der Bernard-Bolzano-Gesamtausgabe ab dem Jahr 1831 nur noch die Briefe des Lehrers an seinen Schüler veröffentlicht werden, erscheinen die Briefe Fesls an Bolzano in den Beiträgen zur Bolzano-Forschung. 0Der vorliegende Band enthält Fesls Briefe der Jahre 1831?1836. Ihr Hauptthema sind Bolzanos (...) Publikationsprojekte, darunter die Religionsbekenntnisse zweier Vernunftfreunde (1835), die Lebensbeschreibung (1836) und die Wissenschaftslehre (1837). Dazu kommt ein Austausch über die Zensur, über politische Ereignisse, über Cholera und andere Epidemien jener Zeit sowie über Heilmittel wie Homöopathie oder Kaltwasserkuren. Philosophische Fragen im eigentlichen Sinne spielen eine kleinere, aber nicht zu vernachlässigende Rolle. (shrink)

This article deals with a set-theoretic interpretation of the Talmudic rules of General and Specific, known as Klal and Prat (KP), Prat and Klal (PK), Klal and Prat and Klal (KPK) and Prat and Klal and Prat (PKP).

In der 1968 gegründeten Reihe erscheinen Monographien aus den Gebieten der Griechischen und Lateinischen Philologie sowie der Alten Geschichte. Die Bände weisen eine große Vielzahl von Themen auf: neben sprachlichen, textkritischen oder gattungsgeschichtlichen philologischen Untersuchungen stehen sozial-, politik-, finanz- und kulturgeschichtliche Arbeiten aus der Klassischen Antike und der Spätantike. Entscheidend für die Aufnahme ist die Qualität einer Arbeit; besonderen Wert legen die Herausgeber auf eine umfassende Heranziehung der einschlägigen Texte und Quellen und deren sorgfältige kritische Auswertung.