scholarly journals Questioning rationality: the case for risk consumption

2016 ◽  
Author(s):  
Maria Isabel Clímaco ◽  
Luís Moura Ramos

The standard assumption of rational, forward looking behavior has been heavily questioned given the impossibility of understanding some risk consumption behaviors within such a framework. The Becker and Murphy theory of rational addiction made a start on this debate fostering new refinements within the original rational theory framework as well as promising approaches based on the latest developments of cognitive science.This paper makes an overview confronting two main approaches highlighting their different time preferences assumptions. On the one hand the debate assumes rationality even in extreme situations of risk consumption - addictive behavior. On the other, new developments in the explanation of habits and addictive behaviours take an economic-psychological approach into consideration and have substantially different policy implications.

2011 ◽  
pp. 99-118
Author(s):  
Yu. Olsevich

The article analyzes the psychological basis of the theory and economic policy of libertarianism, as contained in the book by A. Greenspan "The Age of Turbulence", clarifies the strengths and weaknesses of this doctrine that led to its discredit in 2008. It presents a new understanding of liberalization in 1980-1990s as a process of institutional transformation at the micro and meso levels, implemented by politicians and entrepreneurs with predatory and opportunistic mentality. That process caused, on the one hand, the acceleration of growth, on the other hand - the erosion of informal foundations of a market system. With psychology and ideology of libertarianism, it is impossible to perceive real macro risks generated at the micro level, which lead to a systemic crisis, and to develop measures to prevent it.


Public Voices ◽  
2016 ◽  
Vol 12 (2) ◽  
pp. 7
Author(s):  
Sophie Till

Three years ago Sophie Till started working with pianist Edna Golandsky, the leading exponent of the Taubman Piano Technique, an internationally acclaimed approach that is well known to pianists, on the one hand, for allowing pianists to attain a phenomenal level of virtuosity and on the other, for solving very serious piano-related injuries. Till, a violinist, quickly realized that here was a unique technical approach that could not only identify and itemize the minute movements that underlie a virtuoso technique but could show how these movements interact and go into music making at the highest level. Furthermore, through the work of the Golandsky Institute, she saw a pedagogical approach that had been developed to a remarkable depth and level of clarity. It was an approach that had the power to communicate in a way she had never seen before, despite her own first class violin training from the earliest age. While the geography and “look” on the violin are different from the piano, the laws governing coordinate motion specifically in playing the instrument are the same for pianists and violinists. As a result of Till’s work translating the technique for violin, a new pedagogical approach for violinists of all ages is emerging; the Taubman/Golandsky Approach to the Violin. In reflecting on these new developments, Edna Golandsky wrote, “I have been working with the Taubman Approach for more than 30 years and have worked regularly with other instrumentalists. However, Sophie Till was the first violinist who asked me to teach her with the same depth that I do with pianists. With her conceptual and intellectual agility as well as complete dedication to helping others, she has been the perfect partner to translate this body of knowledge for violinists. Through this collaboration, Sophie is helping develop a new ‘language’ for violinist that will prevent future problems, solve present ones and start beginners on the right road to becoming the best they can be. The implications of this new work for violinists are enormous.”


2019 ◽  
Vol 11 (1) ◽  
pp. 15-30
Author(s):  
Nenad Miscevic ◽  

What is the role of toleration in the present-day crisis, marked by the inflow of refugees and increase in populism? The seriousness of the crises demands efforts of active toleration, acceptance, and integration of refugees and the like. Active toleration brings with itself a series of very demanding duties, divided into immediate ones involving immediate Samaritan aid to people at our doors and the long-term ones involving their acculturation and possibilities of decent life for them. A cosmopolitan attitude can contribute a lot. In the context of a refugee crisis, cosmopolitanism is not disappearing but showing its non-traditional, more Samaritan face turned not to distant strangers, as the classical one, but towards strangers at our doors.We have conjectured that this work of active toleration can diminish the need for the passive one: the well-integrated immigrant is no longer seen as a strange, exotic person with an incomprehensible and unacceptable attitude, but as one of us so that her attitudes become less irritating and provocative. The social-psychological approach that sees integration as involving both the preservation of central aspects of the original identity and the copy-pasting of the new one over it offers an interesting rationale for the conjecture: once integrated, the former newcomer is perceived as one of ‘us’ and her views stop being exotic, incomprehensible and a priori unacceptable. Given the amount of need for toleration, and difficulties and paradoxes connected with its passive variety, the conjecture, if true, might be a piece of good news.Finally, we have briefly touched the question of deeper causes of the crisis. Once one turns to this question, the traditional cosmopolitan issues come back to the forefront: the deep poverty and unjust distribution on the one hand, and conflicts and wars on the other. Cosmopolitans have a duty to face these issues, and this is where active global toleration leads in our times.


Author(s):  
Lars Peter Hansen ◽  
Thomas J. Sargent

This chapter derives dynamic demand schedules from a household service technology. It applies the concept of canonical representation of household technologies to a version of Becker and Murphy's model of rational addiction. Canonical household technologies are useful for describing economies with heterogeneity among households' preferences because of how they align linear spaces consisting of histories of consumption services, on the one hand, and histories of consumption rates, on the other. The chapter sets the stage for the Chapter 10 use of demand curves to construct partial equilibrium interpretations of our models. It also sets the stage for the studies of aggregation of preferences in chapters 12 and 13.


1961 ◽  
Vol 19 (1) ◽  
pp. 86-102 ◽  
Author(s):  
J. C. Hall

It was only six years ago that C. J. Slade wrote his memorable article “The Myth of Mistake in the English Law of Contract” in which he placed the whole subject of mistake in a new and agreeable perspective. “Mistake as such,” he declared, “has no operative effect whatever at law.”This was good news for the student; but problems of error in persona still had to be solved, and for these Mr. Slade proposed a simple application of the basic principles of offer and acceptance. The test was whether A's offer was addressed to B and B's acceptance addressed to A, their intention being construed objectively unless that of the one was known to the other, in which case the actual intention of the former determined the matter. The authorities, for the most part, ranged themselves in substantial support, and rationality, it seemed, had been injected at last into this confused branch of the law.This reassurance has now been disturbed by the case of Ingram v. Little, which reminds us that the offer and acceptance test is no magic formula acting as a ready panacea for all the ills caused by error in persona.The facts which gave rise to Ingram v. Little are by now well known. Three ladies who wished to sell their car were offered an acceptable price by a stranger, but they made it plain they would not accept payment by cheque. He then pretended to them that he was a certain P. G. M. Hutchinson and quoted an address which the ladies found to be the one shown beside that person's name in the telephone directory.


1997 ◽  
Vol 33 (1) ◽  
pp. 91-130
Author(s):  
PRAMOD KUMAR PANDEY

This paper investigates the relationship between variability and lexicality on the one hand and sound change on the other within the theory of Lexical Phonology. The former leads to the proposal of the Optionality Constraint (OC), which prohibits the application of optional rules in the lexical module. The constraint is found to be violated at the word level. The violation of OC as well as of other lexical modular principles is accounted for by the help of a new licensing principle, called the Polarity Principle. This allows for interacting modules to have different properties of representation and rule application at their opposite ends. The OC leads to a resolution of the Neogrammarian Controversy, that is consonant with the standard assumption concerning sound change, namely, the inherent relation between the latter and variability.


Author(s):  
Stefan Bittmann

In Japan, new developments in the field of robotics are being received with interest and enthusiasm by the population and used in everyday life. This can be explained on the one hand by a long tradition of stories that report positively on artificial servants for humans. These stories continue into modern manga comics. Robots take on positive roles, expanding the capabilities of humans and being of service to them. On the other hand, Japanese religions and philosophies such as Buddhism and Shintoism influence attitudes towards robots.


2018 ◽  
pp. 133-153
Author(s):  
Manos Matsaganis ◽  
Chrysa Leventi

This chapter aims to provide an assessment of the distributional implications of the economic crisis in Greece, Spain, Italy, Portugal, Latvia, Lithuania, and Romania in the period 2009−2013. On the one hand, the recession has caused unemployment to rise and household incomes to fall, which are both changes that raise the demand for social protection. On the other hand, austerity policies and program reforms affect the capacity of welfare states to provide social protection. We use a microsimulation model to disentangle the first-order effects of tax–benefit policies from the overall effects of the crisis. Moreover, we estimate how the burden of the crisis has been shared across income groups and how the differential impact of the crisis may have altered the composition of the population in poverty. We conclude by discussing the methodological pitfalls and policy implications of our research.


Author(s):  
Aloys Winterling

The inherited stigma of Roman kingship and the legacy of noble faction form the backdrop to this chapter, which reinterprets the archetypical ‘tyrannical emperors’ Caligula, Nero, and Domitian. The chapter demonstrates that the psychological approach of nineteenth- and early twentieth-century scholarship was misguided, and instead analyzes the emperors in the context of, on the one hand, the paradoxical sociopolitical conditions of early imperial Rome and, on the other, Rome’s traditional aristocratic ideals. In this chapter’s treatment, supposed insanity becomes a strategy for unmasking (Caligula), superseding (Nero), or breaking down (Domitian) the contradictions inherent in the imperial res publica. Provocatively, the reconstruction provided here suggests that it is the traditional ‘good emperors’ who are in need of explication.


1999 ◽  
Vol 7 (1) ◽  
pp. 9-25 ◽  
Author(s):  
Rose‐Marie B. Antoine

The principle of offshore financial confidentiality is a controversial issue in offshore law. On the one hand, offshore jurisdictions view confidentiality in financial matters as an essential ingredient in the offshore industry which deserves to be protected. On the other, onshore states are increasingly hostile to confidentiality and have been willing to take drastic measures to undermine it.


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