В статье рассмотрена деятельность ведущих кредитных рейтинговых агентств (Fitch Ratings, Moody's Investors Service и Standard & Poor's) в контексте снижения информационной ценности кредитных рейтингов, которые они присваивают, и сохранения доминирующих позиций на рынке финансового рейтингования. Целью исследования является рассмотрение деятельности кредитных рейтинговых агентств в измерении социального конструкционизма в процессе осуществления государственной финансовой политики, объясняя сопротивление регулятивной модели их деятельности многочисленным вызовам и переменам. Подход новой институциональной социологии в управлении мы сделали чувствительным к проблематике институциональных изменений во времени. Таким образом, мы (...) высказались за трактовку вопроса о неизменности организации деятельности КРА в соответствии с условиями нового социологического институционализма. То есть, дается приоритет когнитивной основе институтов, служащей поддержкой конкретного проявления социального порядка и дающей отличный способ для его понимания. (shrink)

Обґрунтовано стратегію високочастотної біржової торгівлі (high-frequency trading) акціями. Для цього досліджено особливості та обмеження біржової високочастотної торгівлі, визначено верхню межу прибутку агресивного «шкідливого» високочастотного трейдера, обґрунтовано оптимальну частоту стратегії біржової високочастотної торгівлі акціями, розглянуто емпіричне підтвердження прогнозованості біржових курсів акцій на надкоротких горизонтах інвестування.

The need for innovative development of healthcare institutions is determined by the necessity to increase the efficiency of organizational processes based on the formation of new models of cooperation, which will make it possible to get access to new technologies and knowledge. The goal of the study is to determine the parameters of the impact of innovative open cooperation strategy and the strategy of innovative closed cooperation of healthcare institutions on the effectiveness of their organizational structure in the context of (...) dissemination and the use of knowledge. Simulation modeling was applied to generate the most effective organizational management structure in the context of innovative cooperation and knowledge exchange within the organizational processes “Inside-out” and “Inside-in”. It is substantiated that the strategies of innovative cooperation “Open Innovation/Closed Innovation” have a significant impact on the organizational structure of management of healthcare institutions in terms of the “degree of centralization” (Dci), “degree of mediation” (Dii), and “degree of centralization of powers” (Dpi). The values of the selected criteria range from 25,52% to 61,50% in the case of Dii, and from 34,53% to 52,63% in the case of Dci, which indicates a higher efficiency of organizational knowledge exchange processes in healthcare institutions, which adhere to the Open Innovation strategy of innovative cooperation. Therefore, there are significant differences in the effectiveness of the management’s organizational structure depending on the degree of openness of innovative cooperation of healthcare institutions. The strategy of innovative openness allows increasing the number and quality of connections in the context of knowledge exchange between the subjects (actors, agents) of the organizational structure (in a broad sense, considering internal and external levels of externality) of healthcare institutions, regardless of the distance between them and the level of similarity. (shrink)

Авторами розглянуто вплив провідних світових кредитних рейтингових агентств на фінансову безпеку емітентів цінних паперів. Обґрунтовано перформативний характер діяльності кредитних рейтингових агентств з позицій моделі «Les economies de la grandeur» нового соціологічного французького інституціоналізму, що дає змогу розв’язати протиріччя щодо сильної опозиції стосовно їх функціонування з одночасним збереженням діючої системи нормативного використання кредитних рейтингів.

The Ukrainian PFTS stock index volatility reaction as a whole and its constituent economic sectors (“Basic Materials”, “Financials”, “Industrials”, “Oil & Gas”, “Telecommunications”, “Utilities”) to seven non-monetary US information signals (“Consumer price index”, “Personal spending”, “Unemployment rate”, “Gross domestic product”, “Industrial production”, “Consumer confidence”, “Housing starts”) was carried out for the period 2000–2017 on the basis of closing stock quotations in the trading day format. To assess the “surprise” component direct influence nature of the USA selected non-monetary information signals on (...) the PFTS stock index, an AR-GARCH econometric modelling device was used. The results achieved clearly indicate the presence of some PFTS stock index economic sectors heterogeneous reaction to the United States individual non-monetary information signals announcement. For example, such economic sectors as “Basic Materials”, “Financials”, and “Oil & Gas” volatility response to the US non-monetary information signal “Consumer price index” “surprise” components the opposite of the overall PFTS stock index reaction. It can also be concluded that the United States non-monetary information signals influence on the Ukrainian stock market volatility depends not only on the financial cycle phase and data frequency, but also on the PFTS stock index economic sector. (shrink)

The stronger the level of economic integration between countries, the greater the need to study the formation patterns of the stock market reaction to the financial information signals. This concerns the Ukrainian stock market, which is now in its infancy, and which reaction to financial information signals is sometimes ambiguous. The research aims to identify the formation patterns of return and volatility indicators of the Ukrainian stock market reaction to the US financial information signals. To assess the direct nature of (...) US financial information signals effect on the PFTS stock index, the GARCH econometric modeling toolkit was applied. The research information base is the PFTS stock index and the Federal Reserve System financial information signals at the discount rate for 2000–2019. The fetch is divided into intervals corresponded to the ascent and decline phases of the financial cycle. It was found that an unforeseen increase in the discount rate at the financial cycle decline phase by 25 basis points decreases the PFTS stock index return, on average by 2.9%. Besides, the hypothesis about the general change stabilizing effect in the discount rate on the Ukrainian stock market volatility at the financial cycle growth phase was confirmed. Nevertheless, for investors, the most essential is the regulator’s monetary signals in the discount rate at the financial cycle decline phases rather than at the ascent phases because there is a more significant increase in the volatility level. (shrink)

Розглянуто природу взаємозв'язку між неправдою та легітимністю в організаційному контексті при здійсненні підприємницької діяльності. Визначено роль, яку відіграє легітимність у конкурентоспроможності суб'єктів підприємництва (особливо новостворених) на ринку, а також представлені стратегії реагування на її дефіцит. Обґрунтовано, що незважаючи на несумісність з фундаментальними основами легітимності, неправда здатна виступати для підприємницьких структур інструментом створення деякої подоби організаційної легітимності, що в свою чергу часто дає змогу заручитися підтримкою зацікавлених осіб (зокрема, інвесторів) та відкрити доступ до необхідних для розвитку бізнесу можливостей і ресурсів.

Розглянуто теоретико-методологічні основи прогнозування валютних курсів на ринку Forex. Визначено особливості діяльності на ринку Forex та його переваги і недоліки серед інших валютних ринків. Розкрито сутність прогнозування в цілому та основні проблеми у прогнозуванні. Розглянуто основні методи прогнозування валютних курсів на ринку Forex та ступінь їх використання.

Цель. Работа посвящена определению характерных особенностей влияния экономических информационных сигналов США посредством каналов трансмиссии на компоненты декомпозиции избыточной доходности украинского рынка акций (на примере репрезентативного фондового индекса ПФТС). Методика. Для выявления параметров изменений избыточной доходности биржевого рынка акций Украины в реакциях на экономические информационные сигналы было применено векторное авторегрессионное моделирование. Выбор модели VAR (3) был обоснован согласно информационным критериям AIC и SIC. Результаты. В работе установлено, что лишь переменная избыточной доходности (с лагом 3) позволяет прогнозировать определенную долю будущих изменений доходности (...) фондового индекса ПФТС. Тем не менее, коэффициент R² показывает, что задействованные переменные могут объяснить лишь около 7% изменения избыточной доходности фондового индекса ПФТС, что подтверждает достаточно низкую прогнозируемость украинского рынка акций. На основе декомпозиции избыточной доходности фондового индекса ПФТС за период 2000-2017 гг. (формат торгового дня) было выявлено, что рынок акций Украины является чувствительным к информационным сигналам по будущей избыточной доходности, поскольку более 89% от общего ее изменения можно объяснить влиянием непосредственно через канал премии за риск. Также установлено наличие влияния макроэкономического информационного сигнала США «Индекс доверия потребителей» на избыточную доходность украинского фондового индекса ПФТС через канал премии за риск, что подтверждает предположение о том, что «эффект неожиданности» макроэкономических сигналов США может быть фактором риска для рынка акций Украины. Научная новизна. Получил свое развитие методический подход по определению параметров реакции компонент избыточной доходности фондового индекса ПФТС на «эффект неожиданности» информационного содержание макроэкономических сигналов США. Практическая значимость. Использование приведенного методического подхода позволит улучшить точность финансового прогнозирования параметров реакции ценовых котировок отечественного рынка акций на обнародование макроэкономических информационных сигналов США, что даст возможность инвесторам (частным и институциональным) повысить доходность собственных инвестиционных стратегий. (shrink)

The paper provides a new approach to determining the financial standing of Ukrainian banks in the long and short terms. Using the European assessing indices and the national ones, a new ranking system is created. The authors ranked 20 biggest Ukrainian banks by assets and grouped them into corresponding financial groups.

Відсутність точної відповіді на питання щодо появи тих або інших соціально-етичних норм може частково пояснити чому моделі соціальних переваг часто розглядаються як ad hoc (в тому сенсі, що висновки, які отримуються в рамках таких моделей, безпосередньо ґрунтуються на висунутих в таких моделях особливих припущеннях), а формалізація моделювання процесів економічної поведінки часто співвідноситься з існуванням певної норми економічної поведінки в контексті досягнення рівноважного стану.

Авторами рассмотрены основные подходы к моделированию процесса принятия финансово-экономических решений в контексте учета поведенческого фактора соблюдения принятых социальных норм, что позволяет выйти за рамки классического представления о мотивации экономических агентов.

A method of identifying banks’ business models and studying the features of their risk profile, considering the system of indicators featuring the structure of assets, liabilities, income, expenses, and other qualitative indicators based on monthly statistical reporting. Kohonen's self-organizing maps (SOM) are used to process large data sets, revealing objects’ hidden features by forming homogeneous groups according to similar values of a large system of indicators. The choice of the system of indicators that play the most significant role in describing (...) the business models of modern banks is substantiated. The proposed method makes it possible to group banks with homogeneous characteristics into so-called structural-functional groups and studies the change in the characteristics of groups of banks over time to compare their behavior during periods of active development of the system and during a crisis. That approach is useful for studying the banking system at the macro level, as it provides a quantitative measure of its financial stability. The more banks are in groups with negative values of parameters, increased risks, and unprofitable performance, the worse the general state of the system. The method also allows studying the features of each structural and functional group and the business models’ features at the meso-level. The number and composition of banks inherent in any group change dynamically, which characterizes the features of the relevant business model in a particular period. The averages of each group reflect the objective changes in the banking system structure. In addition, the SOM trajectory can be built for each individual bank determining the development of its strategy, features of a particular business model, and risk profile. At the micro-level, it allows comparing the features of individual banks within the SFGB and models ways to improve efficiency and financial stability by forecast values for SOM. An extensive system of indicators used to form structural and functional groups of banks allows to quickly respond to changes in the banking system, identify areas of increased risk and explore the adequacy and effectiveness of banks’ business models. (shrink)

The article investigates the main characteristics of the financial stability of Ukrainian banks, their risk profile, structure of assets, liabilities, income, expenses based on the monthly reporting data for 2004-2020 (number of observations – 3 813). The Kohonen self-organizing map (SOM) toolkit is used to form homogeneous groups of banks based on a large number of financial indicators. The selected toolkit provides a convenient visualization of the results. Each bank occupies a specific place on the SOM. The close location of (...) banks on the map indicates that these banks have many common characteristics. This study is called the method of structural and functional groups of banks. The study formed stable groups of banks with the same characteristics of business models and risk profile. The formation of consecutive maps for each reporting period allows to obtain the characteristics of each bank separately and the banking system as a whole. The trajectory of an individual bank’s activity during the observation period characterizes the development of its business strategy. The migration of a large number of banks between groups reflects the objective changes in the conditions of banking. Increasing groups of high-risk banks indicate systemic problems. The results show that after a significant reduction in the banking system of Ukraine in 2014-2016, the business models of banks have changed significantly. The resource base relies on unstable sources of current funds with no set term of use. In the assets of banks, a significant portion is invested in government securities – government bonds. Bank loan portfolios have declined and have a higher proportion of non-performing assets (NPL). Many banks have increased currency risk. Concerns are raised about the state of large state-owned banks that hold a separate high-risk group. Thus, the conducted research allows to distinguish groups of banks with specific characteristics of business models and to observe changes of risk profile inherent to these groups. For each structural-functional group, changes in the values of financial indicators are investigated and migration between groups is studied. The proposed methodology is useful for studying both macro and macro levels. (shrink)

The study aims at determining the role and significance of such moral emotions as nobility, gratitude, admiration for the socially significant behavior of a person in society. That involves identifying a close relationship between those emotions and personality’s social behavior and that they can be one of the main incentives for socially significant behavior – theoretical basis. The importance of ethical emotions with positive valence when making decisions with their implementation in society determines the research’s theoretical and methodological basis. Those (...) are studied in the cognitive dimension of human social activity, considering their subjective experience and objectification. The authors determined that ethical emotions with positive valence, pleasant emotions stimulate a person to experience them again and behave socially desirable as such behavior allows reliving those emotions and self-actualizing. Emotions with a positive valence are most desirable for a person and are the essential behavior incentives in society. A person can act actively to achieve them, to experience them repeatedly, which is the basis of motivation for socially desirable and meaningful behavior. From exclusively subjective experiences, those emotions move into objectification, i.e., those motivated to act in conditions of a definite or indefinite social continuum. In due time, these socially crucial actions acquire normative content, sometimes even a form, since they serve as a model for others. Moral emotions with positive valence, empathy, rule-making, high culture, and responsibility to oneself and others form a good way of a person’s self-realization through positive social behavior. Furthermore, moral emotions with positive valence are the most important incentive for such behavior. (shrink)

The concept of sustainable development considers environmental, social and economic issues in general. And the goals of resource conservation and socio-economic development do not contradict each other, but contribute to mutual reinforcement. The purpose of this study is to build and test an economic and mathematical model for the formation of strategies for the behavior of an economic entity with an increase in the impact of negative environmental factors. The proposed strategies and their models are based on the income-expenditure balance (...) equation, which takes into account both quantitative and qualitative characteristics. The constructed models are considered in the state space. The research methodology is based on building models in the form of linear combinations of functions of a homogeneous external impact and various spatial combinations of economic sources (sinks). The study makes it possible to assess the dependence of the amount of resources used for life support on the chosen adaptive strategy. Within the framework of the proposed model, it was found that the criterion for the effectiveness of the applied strategy can be an indicator of satisfaction with the state, the preservation of which, simultaneously with the preservation of the size of resources used, corresponds to the direction of optimization. This approach is consistent with the concept of sustainable development. (shrink)

Розглянуто характер впливу негативних моральних емоцій гніву та відрази на процес прийняття фінансово-економічних рішень в переговорних процесах і співпраці в умовах ризику і невизначеності. Обґрунтовано стимулюючий характер прямого впливу негативних моральних емоцій гніву та відрази на прийняття економічними агентами стратегічної соціально прийнятної поведінки. Виявлено потенційні обмеження, що знижують позитивний ефект впливу негативних моральних емоцій гніву та відрази на процес прийняття фінансово-економічних рішень в ситуаціях соціальних дилем.

Авторами розглянуті умови соціалізації споживання коміксів у мікросоціальному масштабі, що дає змогу описати особливості формування та розвитку різноманітних поведінкових моделей попиту на даний продукт сучасної культури. Запропоновано доповнити сегментацію споживачів коміксів такими критеріями як схильність до домінантного формату читання та потенційні умови перегляду домінантного формату читання. Ключові слова: комікс, варіативність моделей споживання, суспільство, постмодернізм, соціальна комунікація. -/- Авторами рассмотрены условия социализации потребления комиксов в микросоциальном масштабе, что позволяет описать особенности формирования и развития разнообразных поведенческих моделей спроса на данный продукт современной (...) культуры. Предложено дополнить сегментацию потребителей комиксов такими критериями как склонность к доминантному формату чтения и потенциальные условия пересмотра доминантного формата чтения. Ключевые слова: комикс, вариативность моделей потребления, общество, постмодернизм, социальная коммуникация. -/- The authors examined the conditions for the socialization of the comics consumption in the micro-social scale, which allows us to describe the characteristics of the formation and development of various behavioral patterns of demand for this product of modern culture. We have proposed to supplement the segmentation of comics consumers with such criteria as the propensity for the dominant reading format and the potential conditions for revising the dominant reading format. Keywords: comics, variability of consumption patterns, society, postmodernism, social communication. (shrink)

Авторами розглянуто особливості впливу моральних емоцій з позитивною валентністю на процес прийняття економічними агентами управлінських рішень в ситуаціях соціальних взаємодій. Обґрунтовано, що позитивні моральні емоції мають значення при виборі підприємцями моделі соціально-економічної поведінки, що дає змогу за допомогою механізмів винагороди та взаємності заохочувати та підтримувати реалізацію моральних та інших соціальних норм. Встановлено, що очікування появи емоції подяки або захоплення в оточуючих, і навіть переживання самим індивідом емоції шляхетності впливає на процес прийняття рішень в контексті того, що позитивні емоції часто призводять (...) до збільшення вигоди економічних агентів і пов'язані з рівнем їхнього добробуту. (shrink)

Розкрито сутність поняття «рейтинг». Доведено значущість рейтингової оцінки для суб’єктів фінансового ринку, зокрема для страхових компаній, потенційних страхувальників, інвесторів та кредиторів.

Character and the will are rarely discussed together. At most, philosophers working on the one mention the other in an eliminativist vein—if character is represented as something chosen, for example, it can be chalked up to the work of the will; if the will consists merely of a certain arrangement of mental states, it can be seen as little more than a manifestation of character. This mutual neglect appears perfectly justified. If both character and will are determinants of action, to (...) treat them separately would be to overdetermine agency at best, and at worst to fragment it. While defending this reasoning, I argue that things are not so simple, because character and will serve distinct explanatory and normative functions, respectively. The difference in function, however, does not prove that character and will must be ontologically distinct sources of agency; only that our discourse about them must keep them apart. (shrink)

Gases reach equilibrium when left to themselves. Why do they behave in this way? The canonical answer to this question, originally proffered by Boltzmann, is that the systems have to be ergodic. This answer has been criticised on different grounds and is now widely regarded as flawed. In this paper we argue that some of the main arguments against Boltzmann's answer, in particular, arguments based on the KAM-theorem and the Markus-Meyer theorem, are beside the point. We then argue that something (...) close to Boltzmann's original proposal is true for gases: gases behave thermodynamic-like if they are epsilon-ergodic, i.e., ergodic on the entire accessible phase space except for a small region of measure epsilon. This answer is promising because there are good reasons to believe that relevant systems in statistical mechanics are epsilon-ergodic. (shrink)

Entropy is ubiquitous in physics, and it plays important roles in numerous other disciplines ranging from logic and statistics to biology and economics. However, a closer look reveals a complicated picture: entropy is defined differently in different contexts, and even within the same domain different notions of entropy are at work. Some of these are defined in terms of probabilities, others are not. The aim of this chapter is to arrive at an understanding of some of the most important notions (...) of entropy and to clarify the relations between them, After setting the stage by introducing the thermodynamic entropy, we discuss notions of entropy in information theory, statistical mechanics, dynamical systems theory and fractal geometry. (shrink)

Williams’s famous argument against immortality rests on the idea that immortality cannot be desirable, at least for human beings, and his contention has spawned a cottage industry of responses. As I will intend to show, the arguments over his view rest on both a difference of temperament and a difference in the sense of desire being used. The former concerns a difference in whether one takes a forward-looking or a backward-looking perspective on personal identity; the latter a distinction between our (...) normal desire to continue living and the kind of desire implied in desiring immortality. Showing that there is some sense of identity and desire that support Williams’s conclusion goes some way toward providing support for his argument, if not a full-fledged defense of it. (shrink)

John Fischer has recently argued that the value of acting freely is the value of self-expression. Drawing on David Velleman’s earlier work, Fischer holds that the value of a life is a narrative value and free will is valuable insofar as it allows us to shape the narrative structure of our lives. This account rests on Fischer’s distinction between regulative control and guidance control. While we lack the former kind of control, on Fischer’s view, the latter is all that is (...) needed for self-expression. I first develop Fischer’s narrative account, focusing on his reliance on temporal loops as giving us control over the value of our lives. Second, I argue that the narrative account grants us greater power over the past than Fischer would allow: since narrative allows not only for changes in how we feel about episodes in our past but what those episodes in fact were, it allows for a kind of retroactive self-constitution. Finally, I suggest that this modification of the narrative view opens the possibility of a conception of freedom far stronger than guidance control. It does not give us the libertarian control over whether to choose A or B in the present, but it does provide a measure of control over the sort of person an agent has been, and thus whether she is the sort of person who will choose A or B in the future. (shrink)

Визначено специфіку постмодерністського споживача продуктів культури у процесі досвіду споживання та можливостей для бізнесу. Встановлено, що постмодерністського споживача доцільно розглядати як вільну особистість із фрагментованою ідентичністю, яка створює цінність та отримує досвід, а також здатна залучати ресурси та навички для конкретних ситуацій споживання продуктів культури. Обґрунтовано важливість застосування концепції пережитого досвіду, щоб підкреслити ключову роль споживача у спільному із суб’єктом підприємництва формуванні цінності будь-якого досвіду споживання продуктів культури. Обґрунтовано, що досвід споживання має місце не лише до, під час і після (...) споживання продукту культури, але також може розглядатися в контексті великої кількості мікродослідів, що поєднують спільне та/або послідовне використання віртуальних та реальних пристроїв. (shrink)

Consider a gas confined to the left half of a container. Then remove the wall separating the two parts. The gas will start spreading and soon be evenly distributed over the entire available space. The gas has approached equilibrium. Why does the gas behave in this way? The canonical answer to this question, originally proffered by Boltzmann, is that the system has to be ergodic for the approach to equilibrium to take place. This answer has been criticised on different grounds (...) and is now widely regarded as flawed. In this paper we argue that these criticisms have dismissed Boltzmann’s answer too quickly and that something almost like Boltzmann’s answer is true: the approach to equilibrium takes place if the system is epsilon-ergodic, i.e. ergodic on the entire accessible phase space except for a small region of measure epsilon. We introduce epsilon-ergodicity and argue that relevant systems in statistical mechanics are indeed espsilon-ergodic. (shrink)

Heidegger, like Kierkegaard, has recently been claimed as a narrativist about selves. From this Heideggerian perspective, we can see how narrative expands upon the psychological view, adding a vital teleological dimension to the understanding of selfhood while denying the reductionism implicit in the psychological approach. Yet the narrative approach also inherits the neo-Lockean emphasis on the past as determining identity, whereas the self is fundamentally about the future. Death is crucial on this picture, not as allowing for the possibility of (...) a final meaning to our lives, but as determining Dasein as ‘pure unactualizable possibility.’ Ultimately, therefore, narrative is not what constitutes selfhood – but this does not mean that narrative is not relevant to personal identity, because narrative allows identity to be expressed in action. (shrink)

Invention of artificial general intelligence is predicted to cause a shift in the trajectory of human civilization. In order to reap the benefits and avoid pitfalls of such powerful technology it is important to be able to control it. However, possibility of controlling artificial general intelligence and its more advanced version, superintelligence, has not been formally established. In this paper, we present arguments as well as supporting evidence from multiple domains indicating that advanced AI can’t be fully controlled. Consequences of (...) uncontrollability of AI are discussed with respect to future of humanity and research on AI, and AI safety and security. This paper can serve as a comprehensive reference for the topic of uncontrollability. (shrink)

Deliberation issues in decision, and so might be taken as a paradigmatic volitional activity. Character, on the other hand, may appear pre-volitional: the dispositions that constitute it provide the background against which decisions are made. Bernard Williams offers an intriguing picture of how the two may be connected via the concept of practical necessities, which are at once constitutive of character and deliverances of deliberation. Necessities are thus the glue binding character and the will, allowing us to take responsibility for (...) our characters. Intriguing though the picture may be, it did not receive a thorough elaboration in Williams’s work. My aim here is to work out and defend what I take to be the most valuable aspect of Williams’s view of agency: its model of the way character and the will can jointly determine agency through mutual constitution. However, I argue that Williams’s attempt to use this model to ground his attack on Kantian morality does not succeed, because the primacy Williams accords to character over the will cannot yield the appropriate kind of normative authority, even from the perspective of the agent. I urge that we retain Williams’s model of the interaction between character and the will, modified to allow the will an authority that is not derived from the necessity of character. (shrink)

Samuel Scheffler defends “The Afterlife Conjecture”: the view that the continued existence of humanity after our deaths—“the afterlife”—lies in the background of our valuing; were we to lose confidence in it, many of the projects we engage in would lose their meaning. The Afterlife Conjecture, in his view, also brings out the limits of our egoism, showing that we care more about yet unborn strangers than about personal survival. But why does the afterlife itself matter to us? Examination of Scheffler’s (...) second argument helps answer this question, thereby undermining his argument. Our concern for the afterlife involves bootstrapping: we care more about the afterlife than about personal survival precisely because the latter has such salient limits that our lives are structured by adaptation to mortality, and it is only because the afterlife does provide a measure of personal survival that it can give meaning to our projects. (shrink)

A central question of environmental ethics remains one of how best to account for the intuitions generated by the Last Man scenarios; that is, it is a question of how to explain our experience of value in nature and, more importantly, whether that experience is justified. Seeking an alternative to extrinsic views, according to which nonhuman entities possess normative features that obligate us, I turn to constitutive views, which make value or whatever other limits nonhuman nature places on action dependent (...) on features intrinsic to human beings and constitutive of them or their obligations. After examining two kinds of constitutive views—environmental virtue ethics and Korsgaard’s Kantianism—I suggest an alternative that takes up the strengths of both while avoiding their shortcomings. On this view, we have an indirect obligation to experience nature as obligating us, although we have direct obligations only to human beings. (shrink)

We find meaning and value in our lives by engaging in everyday projects. But, according to a recent argument by Samuel Scheffler, this value doesn’t depend merely on what the projects are about. In many cases, it depends also on the future generations that will replace us. By imagining the imminent extinction of humanity soon after our own deaths, we can recognize both that much of our current valuing depends on a background confidence in the ongoing survival of humanity and (...) that the survival and flourishing of those future generations matters to us. After presenting Scheffler’s argument, I will explore two twentieth century precursors—Hans Morgenthau and Simone de Beauvoir—before returning to Scheffler to see that his argument can not only show us why future generations matter, but it can also give us hope for immortality and a blueprint for embracing a changing future. (shrink)

Original title: 「諸鳥会合シテ法世ヲ論ズ」『安藤昌益全集6巻』 [Opera completă a lui Andō Shōeki, vol. 6], Tōkyō: Nōsangyoson Bunka Kyōkai, 1997, 34–87).

Narrative views of agency and identity arise in opposition to reductionism in both domains. While reductionists understand both identity and agency in terms of their components, narrativists respond that life and action are both constituted by narratives, and since the components of a narrative gain their meaning from the whole, life and action not only incorporate their constituent parts but also shape them. I first lay out the difficulties with treating narrative as constitutive of metaphysical identity and turn to its (...) function in practical identity. I then explore the ways narrative shapes our agency—by tapping into our motivational structures, providing an understanding of the social background within which our agency operates, guiding our agency through an understanding of our histories and aspirations, providing the links that structure actions internally, and allowing us to change the meaning of our pasts. I suggest that putting these functions of narrative together may allow us to genuinely shape our past motivational structures through our actions. Finally, if life has the form of a narrative, it may seem as if mortality is necessary for our lives and their contents to be meaningful: a narrative, it might seem, relies on the ending for its meaning. If so, an immortal life would be meaningless. I examine the possibility that even an immortal life may draw meaning from local narratives that constitute projects within such a life, while arguing that, to the contrary, narrative may be a tool exclusively adapted to mortal lives. (shrink)

To hold developers responsible, it is important to establish the concept of AI ownership. In this paper we review different obstacles to ownership claims over advanced intelligent systems, including unexplainability, unpredictability, uncontrollability, self-modification, AI-rights, ease of theft when it comes to AI models and code obfuscation. We conclude that it is difficult if not impossible to establish ownership claims over AI models beyond a reasonable doubt.

Artificially Intelligent (AI) systems have ushered in a transformative era across various domains, yet their inherent traits of unpredictability, unexplainability, and uncontrollability have given rise to concerns surrounding AI safety. This paper aims to demonstrate the infeasibility of accurately monitoring advanced AI systems to predict the emergence of certain capabilities prior to their manifestation. Through an analysis of the intricacies of AI systems, the boundaries of human comprehension, and the elusive nature of emergent behaviors, we argue for the impossibility of (...) reliably foreseeing some capabilities. By investigating these impossibility results, we shed light on their potential implications for AI safety research and propose potential strategies to overcome these limitations. (shrink)

Explainability and comprehensibility of AI are important requirements for intelligent systems deployed in real-world domains. Users want and frequently need to understand how decisions impacting them are made. Similarly it is important to understand how an intelligent system functions for safety and security reasons. In this paper, we describe two complementary impossibility results (Unexplainability and Incomprehensibility), essentially showing that advanced AIs would not be able to accurately explain some of their decisions and for the decisions they could explain people would (...) not understand some of those explanations. (shrink)

According to J=K, only beliefs that qualify as knowledge are epistemically justified. Traditionalists about justification have objected to this view that it predicts that radically deceived subjects do not have justified beliefs, which they take to be counter-intuitive. In response, proponents of J=K have argued that traditionalists mistake being justified with being excused in the relevant cases. To make this response work, Timothy Williamson has offered a dispositional account of excuse which has recently been challenged by Jessica Brown. She has (...) presented cases in which Williamson’s account excuses subjects believing things in an epistemically reckless fashion. To steer clear of Brown’s counterexamples, I argue for a modification of Williamson’s account that employs a more fine-grained notion of the dispositions involved. (shrink)

The young field of AI Safety is still in the process of identifying its challenges and limitations. In this paper, we formally describe one such impossibility result, namely Unpredictability of AI. We prove that it is impossible to precisely and consistently predict what specific actions a smarter-than-human intelligent system will take to achieve its objectives, even if we know terminal goals of the system. In conclusion, impact of Unpredictability on AI Safety is discussed.

We argue that the Internet is, and is acting as, an EA because it shapes our belief systems, our worldviews. We explain key concepts for this discussion and provide illustrative examples to support our claims. Furthermore, we explain why recognising the Internet as an EA is important for Internet users and society in general. We discuss several ways in which the Internet influences the choices, beliefs, and attitudes of its users, and we compare this effect with those of psychological conditioning (...) and brainwashing techniques. Finally, we present examples where the Internet’s epistemic agency acts at scale, affecting large portions of society rather than individuals. (shrink)

Some environmentalists have argued that an effective ecological conscience may be rooted in a perspective that is either anthropocentric or sentiocentric. But, neither seems to have had any substantial effect on the ways in which our species treats nature. In looking to successfully awaken the ecological conscience, the focus should be on extending moral consideration to the land (wherein doing so includes all of the soils, waters, plants, animals, and the collectivity of which these things comprise) by means of coming (...) to love the land. Coming to love the land involves coming to view the land’s interests as our own—and, conferring upon the land a kind of moral patient-hood. In order to perceive the land’s “subjectivity,” and so, to come to love the land, we must relearn the way to look at the land by viewing its personality through the lens of he or she who can already do so, i.e., the nature writer. (shrink)

Looking into the future is always a risky endeavour, but one way to anticipate the possible future shape of AI-driven societies is to examine the visionary works of some sci-fi writers. Not all sci-fi works have such visionary quality, of course, but some of Stanisław Lem’s works certainly do. We refer here to Lem’s works that explore the frontiers of science and technology and those that describe imaginary societies of robots. We therefore examine Lem’s prose, with a focus on the (...) Cyberiad stories, to see what challenges our future technological societies may face when they entrust their lives to AI technology. For example, what questions should we ask, and what questions do we forget to ask, when developing AI systems and allowing these systems to control our lives. The technologically honed minds of our current technocrats are perhaps too limited to guide us into this future, because AI-based technology is relatively unchartered territory, as any new, complex technology is by nature. Lem’s visions of future societies oriented around AI and robotics portray AI technology in a deeper and more nuanced way than the current technological visions offered by our leading technological prophets. Based on Lem’s visions, what is to come may not turn out to be an AI-driven nirvana. (shrink)