Results for 'Inductive Risk Mitigation'

961 found
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  1. On the mitigation of inductive risk.Gabriele Contessa - 2021 - European Journal for Philosophy of Science 11 (3):1-14.
    The last couple of decades have witnessed a renewed interest in the notion of inductive risk among philosophers of science. However, while it is possible to find a number of suggestions about the mitigation of inductive risk in the literature, so far these suggestions have been mostly relegated to vague marginal remarks. This paper aims to lay the groundwork for a more systematic discussion of the mitigation of inductive risk. In particular, I (...)
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  2. An Inductive Risk Account of the Ethics of Belief.Guy Axtell - 2019 - Philosophy. The Journal of the Higher School of Economic 3 (3):146-171.
    From what norms does the ethics of belief derive its oughts, its attributions of virtues and vices, responsibilities and irresponsibilities, its permissioning and censuring? Since my inductive risk account is inspired by pragmatism, and this method understands epistemology as the theory of inquiry, the paper will try to explain what the aims and tasks are for an ethics of belief, or project of guidance, which best fits with this understanding of epistemology. More specifically, this chapter approaches the ethics (...)
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  3. Inductive Risk, Understanding, and Opaque Machine Learning Models.Emily Sullivan - 2022 - Philosophy of Science 89 (5):1065-1074.
    Under what conditions does machine learning (ML) model opacity inhibit the possibility of explaining and understanding phenomena? In this article, I argue that nonepistemic values give shape to the ML opacity problem even if we keep researcher interests fixed. Treating ML models as an instance of doing model-based science to explain and understand phenomena reveals that there is (i) an external opacity problem, where the presence of inductive risk imposes higher standards on externally validating models, and (ii) an (...)
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  4. The scope of inductive risk.P. D. Magnus - 2022 - Metaphilosophy 53 (1):17-24.
    The Argument from Inductive Risk (AIR) is taken to show that values are inevitably involved in making judgements or forming beliefs. After reviewing this conclusion, I pose cases which are prima facie counterexamples: the unreflective application of conventions, use of black-boxed instruments, reliance on opaque algorithms, and unskilled observation reports. These cases are counterexamples to the AIR posed in ethical terms as a matter of personal values. Nevertheless, it need not be understood in those terms. The values which (...)
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  5. Drug Regulation and the Inductive Risk Calculus.Jacob Stegenga - 2017 - In Kevin Christopher Elliott & Ted Richards (eds.), Exploring Inductive Risk: Case Studies of Values in Science. New York: Oup Usa. pp. 17-36.
    Drug regulation is fraught with inductive risk. Regulators must make a prediction about whether or not an experimental pharmaceutical will be effective and relatively safe when used by typical patients, and such predictions are based on a complex, indeterminate, and incomplete evidential basis. Such inductive risk has important practical consequences. If regulators reject an experimental drug when it in fact has a favourable benefit/harm profile, then a valuable intervention is denied to the public and a company’s (...)
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  6. Objectivity, value-free science, and inductive risk.Paul Hoyningen-Huene - 2023 - European Journal for Philosophy of Science 13 (1):1-26.
    In this paper I shall defend the idea that there is an abstract and general core meaning of objectivity, and what is seen as a variety of concepts or conceptions of objectivity are in fact criteria of, or means to achieve, objectivity. I shall then discuss the ideal of value-free science and its relation to the objectivity of science; its status can be at best a criterion of, or means for, objectivity. Given this analysis, we can then turn to the (...)
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  7. The Validity of the Argument from Inductive Risk.Matthew J. Brown & Jacob Stegenga - 2023 - Canadian Journal of Philosophy 53 (2):187-190.
    Havstad (2022) argues that the argument from inductive risk for the claim that non-epistemic values have a legitimate role to play in the internal stages of science is deductively valid. She also defends its premises and thus soundness. This is, as far as we are aware, the best reconstruction of the argument from inductive risk in the existing literature. However, there is a small flaw in this reconstruction of the argument from inductive risk which (...)
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  8. Inconvenient Truth and Inductive Risk in Covid-19 Science.Eli I. Lichtenstein - 2022 - Philosophy of Medicine 3 (1):1-25.
    To clarify the proper role of values in science, focusing on controversial expert responses to Covid-19, this article examines the status of (in)convenient hypotheses. Polarizing cases like health experts downplaying mask efficacy to save resources for healthcare workers, or scientists dismissing “accidental lab leak” hypotheses in view of potential xenophobia, plausibly involve modifying evidential standards for (in)convenient claims. Societies could accept that scientists handle (in)convenient claims just like nonscientists, and give experts less political power. Or societies could hold scientists to (...)
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  9. Ethics of the scientist qua policy advisor: inductive risk, uncertainty, and catastrophe in climate economics.David M. Frank - 2019 - Synthese:3123-3138.
    This paper discusses ethical issues surrounding Integrated Assessment Models (IAMs) of the economic effects of climate change, and how climate economists acting as policy advisors ought to represent the uncertain possibility of catastrophe. Some climate economists, especially Martin Weitzman, have argued for a precautionary approach where avoiding catastrophe should structure climate economists’ welfare analysis. This paper details ethical arguments that justify this approach, showing how Weitzman’s “fat tail” probabilities of climate catastrophe pose ethical problems for widely used IAMs. The main (...)
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  10. High Risk, Low Reward: A Challenge to the Astronomical Value of Existential Risk Mitigation.David Thorstad - 2023 - Philosophy and Public Affairs 51 (4):373-412.
    Philosophy &Public Affairs, Volume 51, Issue 4, Page 373-412, Fall 2023.
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  11. The limits of conventional justification: inductive risk and industry bias beyond conventionalism.Miguel Ohnesorge - 2020 - Frontiers in Research Metric and Analytics 14.
    This article develops a constructive criticism of methodological conventionalism. Methodological conventionalism asserts that standards of inductive risk ought to be justified in virtue of their ability to facilitate coordination in a research community. On that view, industry bias occurs when conventional methodological standards are violated to foster industry preferences. The underlying account of scientific conventionality, however, is problematically incomplete. Conventions may be justified in virtue of their coordinative functions, but often qualify for posterior empirical criticism as research advances. (...)
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  12. Hlutdrægni í vísindum: Vanákvörðun, tilleiðsluáhætta og tilurð kenninga [English: "Biased Science: Underdetermination, Inductive Risk, and Discovery"].Finnur Dellsén - 2016 - Ritið 16 (3):9-28.
    English abstract: Feminist philosophers of science have argued that various biases can and do influence the results of scientific investigations. Two kinds of arguments have been most influential: On the one hand, it has been argued that biased assumptions frequently bridge the gap between observation and theory associated with ‘the underdetermination thesis’. On the other hand, it has been argued that biased value judgments determine when the evidence in favor of a particular theory is considered sufficiently strong for the theory (...)
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  13. Mitigating emotional risks in human-social robot interactions through virtual interactive environment indication.Aorigele Bao, Yi Zeng & Enmeng lu - 2023 - Humanities and Social Sciences Communications 2023.
    Humans often unconsciously perceive social robots involved in their lives as partners rather than mere tools, imbuing them with qualities of companionship. This anthropomorphization can lead to a spectrum of emotional risks, such as deception, disappointment, and reverse manipulation, that existing approaches struggle to address effectively. In this paper, we argue that a Virtual Interactive Environment (VIE) exists between humans and social robots, which plays a crucial role and demands necessary consideration and clarification in order to mitigate potential emotional risks. (...)
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  14. William James on Risk, Efficacy, and Evidentialism.P. D. Magnus - 2022 - Episteme 19 (1):146-158.
    William James’ argument against William Clifford in The Will to Believe is often understood in terms of doxastic efficacy, the power of belief to influence an outcome. Although that is one strand of James’ argument, there is another which is driven by ampliative risk. The second strand of James’ argument, when applied to scientific cases, is tantamount to what is now called the Argument from Inductive Risk. Either strand of James’ argument is sufficient to rebut Clifford's strong (...)
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  15. Human Induction in Machine Learning: A Survey of the Nexus.Petr Spelda & Vit Stritecky - 2021 - ACM Computing Surveys 54 (3):1-18.
    As our epistemic ambitions grow, the common and scientific endeavours are becoming increasingly dependent on Machine Learning (ML). The field rests on a single experimental paradigm, which consists of splitting the available data into a training and testing set and using the latter to measure how well the trained ML model generalises to unseen samples. If the model reaches acceptable accuracy, an a posteriori contract comes into effect between humans and the model, supposedly allowing its deployment to target environments. Yet (...)
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  16. All too human? Identifying and mitigating ethical risks of Social AI.Henry Shevlin - manuscript
    This paper presents an overview of the risks and benefits of Social AI, understood as conversational AI systems that cater to human social needs like romance, companionship, or entertainment. Section 1 of the paper provides a brief history of conversational AI systems and introduces conceptual distinctions to help distinguish varieties of Social AI and pathways to their deployment. Section 2 of the paper adds further context via a brief discussion of anthropomorphism and its relevance to assessment of human-chatbot relationships. Section (...)
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  17. Existential risk pessimism and the time of perils.David Thorstad - manuscript
    When our choice affects some other person and the outcome is unknown, it has been argued that we should defer to their risk attitude, if known, or else default to use of a risk avoidant risk function. This, in turn, has been claimed to require the use of a risk avoidant risk function when making decisions that primarily affect future people, and to decrease the desirability of efforts to prevent human extinction, owing to the significant (...)
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  18. Existential Risk, Astronomical Waste, and the Reasonableness of a Pure Time Preference for Well-Being.S. J. Beard & Patrick Kaczmarek - 2024 - The Monist 107 (2):157-175.
    In this paper, we argue that our moral concern for future well-being should reduce over time due to important practical considerations about how humans interact with spacetime. After surveying several of these considerations (around equality, special duties, existential contingency, and overlapping moral concern) we develop a set of core principles that can both explain their moral significance and highlight why this is inherently bound up with our relationship with spacetime. These relate to the equitable distribution of (1) moral concern in (...)
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  19. Demonstrative Induction and the Skeleton of Inference.P. D. Magnus - 2008 - International Studies in the Philosophy of Science 22 (3):303-315.
    It has been common wisdom for centuries that scientific inference cannot be deductive; if it is inference at all, it must be a distinctive kind of inductive inference. According to demonstrative theories of induction, however, important scientific inferences are not inductive in the sense of requiring ampliative inference rules at all. Rather, they are deductive inferences with sufficiently strong premises. General considerations about inferences suffice to show that there is no difference in justification between an inference construed demonstratively (...)
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  20. The Epistemic Risk in Representation.Stephanie Harvard & Eric Winsberg - 2022 - Kennedy Institute of Ethics Journal 32 (1):1-31.
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  21. Existential Risk and Equal Political Liberty.J. Joseph Porter & Adam F. Gibbons - forthcoming - Asian Journal of Philosophy 3.
    Rawls famously argues that the parties in the original position would agree upon the two principles of justice. Among other things, these principles guarantee equal political liberty—that is, democracy—as a requirement of justice. We argue on the contrary that the parties have reason to reject this requirement. As we show, by Rawls’ own lights, the parties would be greatly concerned to mitigate existential risk. But it is doubtful whether democracy always minimizes such risk. Indeed, no one currently knows (...)
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  22.  77
    Combating Waste in Financing Science and Technology Tasks: Mitigating Lopeholes and Risks.State Audit Reporters - 2023 - Sci-Tech Auditing.
    This article sheds light on managing and utilizing scientific and technological funds (Sci-Tech funds) in Vietnam.
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  23. Stakeholder understandings of wildfire mitigation: A case of shared and contested meanings.Joseph G. Champ, Jeffrey Brooks & Daniel R. Williams - 2012 - Environmental Management 50 (4):581-597.
    This article identifies and compares meanings of wildfire risk mitigation for stakeholders in the Front Range of Colorado, USA. We examine the case of a collaborative partnership sponsored by government agencies and directed to decrease hazardous fuels in interface areas. Data were collected by way of key informant interviews and focus groups. The analysis is guided by the Circuit of Culture model in communication research. We found both shared and differing meanings between members of this partnership (the ‘‘producers’’) (...)
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  24. A dataset of blockage, vandalism, and harassment activities for the cause of climate change mitigation.Quan-Hoang Vuong, Minh-Hoang Nguyen & Viet-Phuong La - manuscript
    Environmental activism is crucial for raising public awareness and support toward addressing the climate crisis. However, using climate change mitigation as the cause for blockage, vandalism, and harassment activities might be counterproductive and risk causing negative repercussions and declining public support. The paper describes a dataset of metadata of 89 blockage, vandalism, and harassment events happening in recent years. The dataset comprises three main categories: 1) Events, 2) Activists, and 3) Consequences. For researchers interested in environmental activism, climate (...)
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  25. Mistakes in the moral mathematics of existential risk.David Thorstad - forthcoming - Ethics.
    Longtermists have recently argued that it is overwhelmingly important to do what we can to mitigate existential risks to humanity. I consider three mistakes that are often made in calculating the value of existential risk mitigation. I show how correcting these mistakes pushes the value of existential risk mitigation substantially below leading estimates, potentially low enough to threaten the normative case for existential risk mitigation. I use this discussion to draw four positive lessons for (...)
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  26. Energy, risks, and metatechnology.Luciano Floridi - 2011 - Philosophy and Technology 24 (2):89-94.
    Technologies lower constraints and expand affordances. As a consequence, they tend to redesign the corresponding space of risks in which agents operate and interact. This paper analyses the concept of metatechnological risk from an ethical perspective, arguing that such an approach is necessary in order to mitigate future global energy crises.
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  27. Public Trust in Science: Exploring the Idiosyncrasy-Free Ideal.Marion Boulicault & S. Andrew Schroeder - 2021 - In Kevin Vallier & Michael Weber (eds.), Social Trust: Foundational and Philosophical Issues. Routledge.
    What makes science trustworthy to the public? This chapter examines one proposed answer: the trustworthiness of science is based at least in part on its independence from the idiosyncratic values, interests, and ideas of individual scientists. That is, science is trustworthy to the extent that following the scientific process would result in the same conclusions, regardless of the particular scientists involved. We analyze this "idiosyncrasy-free ideal" for science by looking at philosophical debates about inductive risk, focusing on two (...)
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  28. Global Catastrophic and Existential Risks Communication Scale.Alexey Turchin & Denkeberger David - 2018 - Futures:not defiend yet.
    Existential risks threaten the future of humanity, but they are difficult to measure. However, to communicate, prioritize and mitigate such risks it is important to estimate their relative significance. Risk probabilities are typically used, but for existential risks they are problematic due to ambiguity, and because quantitative probabilities do not represent some aspects of these risks. Thus, a standardized and easily comprehensible instrument is called for, to communicate dangers from various global catastrophic and existential risks. In this article, inspired (...)
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  29. Ethical assessments and mitigation strategies for biases in AI-systems used during the COVID-19 pandemic.Alicia De Manuel, Janet Delgado, Parra Jonou Iris, Txetxu Ausín, David Casacuberta, Maite Cruz Piqueras, Ariel Guersenzvaig, Cristian Moyano, David Rodríguez-Arias, Jon Rueda & Angel Puyol - 2023 - Big Data and Society 10 (1).
    The main aim of this article is to reflect on the impact of biases related to artificial intelligence (AI) systems developed to tackle issues arising from the COVID-19 pandemic, with special focus on those developed for triage and risk prediction. A secondary aim is to review assessment tools that have been developed to prevent biases in AI systems. In addition, we provide a conceptual clarification for some terms related to biases in this particular context. We focus mainly on nonracial (...)
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  30.  67
    MITIGATING THE IMPACT OF NATURAL HAZARDS: A HOTEL PREPAREDNESS AND RESPONSE STRATEGIES.Marchie L. Garcia, Jelene P. Abellera, Kaithleen C. Aguzar, Janice Grace T. Magahis, Claire Andrey G. Uriarte & Jowenie A. Mangarin - 2024 - Get International Research Journal 2 (2):81-105.
    This study investigates strategies for hotels situated near Taal Volcano to lessen the impact of natural disasters, specifically volcanic eruptions. The hospitality industry in this region faces a unique threat due to the volcano's activity. This research addressed a critical gap by implementing effective preparedness and response plans. A qualitative multiple case study design was employed by the researchers. Seven (7) hotel executives from different hotels situated in Batangas who had directly encountered and navigated the impacts of natural disasters were (...)
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  31. Varying Evidential Standards as a Matter of Justice.Ahmad Elabbar - forthcoming - British Journal for the Philosophy of Science.
    The setting of evidential standards is a core practice of scientific assessment for policy. Persuaded by considerations of inductive risk, philosophers generally agree that the justification of evidential standards must appeal to non-epistemic values but debate whether the balance of non-epistemic reasons favours varying evidential standards versus maintaining fixed high evidential standards in assessment, as both sets of standards promote different and important political virtues of advisory institutions. In this paper, I adjudicate the evidential standards debate by developing (...)
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  32. Weaponization of Climate and Environment Crises: Risks, Realities, and Consequences.Quan-Hoang Vuong, Viet-Phuong La & Minh-Hoang Nguyen - manuscript
    The importance of addressing the existential threat to humanity, climate change, has grown remarkedly in recent years while conflicting views and interests in societies exist. Therefore, climate change agendas have been weaponized to varying degrees, ranging from the international level between countries to the domestic level among political parties. In such contexts, climate change agendas are predominantly driven by political or economic ambitions, sometimes unconnected to concerns for environmental sustainability. Consequently, it can result in an environment that fosters antagonism and (...)
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  33. Democracy and Anthropic Risk.Petr Špecián - 2022 - Green Marble 2022. Studies on the Anthropocene and Ecocriticism.
    Democracy in its currently dominant liberal form has proven supportive of unprecedented human flourishing. However, it also appears increasingly plagued by political polarization, strained to cope with the digitalization of the political discourse, and threatened by authoritarian backlash. A growing sense of the anthropic risks—with runaway climate change as the leading example—thus often elicits concern regarding democracy’s capability of mitigating them. Apparently, lacking a sufficient degree of the citizens’ consensus on the priority issues of the day, it can find itself (...)
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  34. Longtermism, Aggregation, and Catastrophic Risk.Emma J. Curran - manuscript
    Advocates of longtermism point out that interventions which focus on improving the prospects of people in the very far future will, in expectation, bring about a significant amount of good. Indeed, in expectation, such long-term interventions bring about far more good than their short-term counterparts. As such, longtermists claim we have compelling moral reason to prefer long-term interventions. In this paper, I show that longtermism is in conflict with plausible deontic scepticism about aggregation. I do so by demonstrating that, from (...)
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  35. Problems of Religious Luck, Chapter 3: "Enemy in the Mirror: The Need for Comparative Fundamentalism".Guy Axtell - 2018 - In Problems of Religious Luck: Assessing the Limits of Reasonable Religious Disagreement. Lanham, MD, USA & London, UK: Lexington Books/Rowman & Littlefield.
    Measures of inductive risk and of safety-principle violation help us to operationalize concerns about theological assertions or a sort which, as we saw in Part I, aggravate or intensify problems of religious luck. Our overall focus in Part II will remain on a) responses to religious multiplicity, and b) sharply asymmetrical religious trait-ascriptions to religious insiders and outsiders. But in Part II formal markers of inductive norm violation will supply an empirically-based manner of distinguishing strong from moderate (...)
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  36. Well-Founded Belief and the Contingencies of Epistemic Location.Guy Axtell - 2019 - In Joseph Adam Carter & Patrick Bondy (eds.), Well Founded Belief: New Essays on the Epistemic Basing Relation. New York: Routledge. pp. 275-304.
    A growing number of philosophers are concerned with the epistemic status of culturally nurtured beliefs, beliefs found especially in domains of morals, politics, philosophy, and religion. Plausibly, worries about the deep impact of cultural contingencies on beliefs in these domains of controversial views is a question about well-foundedness: Does it defeat well-foundedness if the agent is rationally convinced that she would take her own reasons for belief as insufficiently well-founded, or would take her own belief as biased, had she been (...)
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  37. Investigating inclusive risk communication in the context of influenza outbreaks.Stina Nygren & Moa Zeidlitz - 2020 - In Clas Lindberg (ed.), Graduating Thesis Södertörn University. Södertörn University. pp. 1083.
    Outbreaks of novel influenza viruses are continually occurring on many places on our planet, with the ultimate and most extreme consequence being a full-scale pandemic. Modern communication technology is widely used for risk communication regarding recommended change in behavior patterns and other precautions in order to mitigate the transmission. However, the assumption and bias that modern communication technology constitutes the norm causes vulnerable groups to be at possible risk of systematic exclusion to correct and updated information. Through conducting (...)
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  38. The Fragile World Hypothesis: Complexity, Fragility, and Systemic Existential Risk.David Manheim - forthcoming - Futures.
    The possibility of social and technological collapse has been the focus of science fiction tropes for decades, but more recent focus has been on specific sources of existential and global catastrophic risk. Because these scenarios are simple to understand and envision, they receive more attention than risks due to complex interplay of failures, or risks that cannot be clearly specified. In this paper, we discuss the possibility that complexity of a certain type leads to fragility which can function as (...)
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  39. When Is Scientific Dissent Epistemically Inappropriate?Boaz Miller - 2021 - Philosophy of Science 88 (5):918-928.
    Normatively inappropriate scientific dissent prevents warranted closure of scientific controversies and confuses the public about the state of policy-relevant science, such as anthropogenic climate change. Against recent criticism by de Melo-Martín and Intemann of the viability of any conception of normatively inappropriate dissent, I identify three conditions for normatively inappropriate dissent: its generation process is politically illegitimate, it imposes an unjust distribution of inductive risks, and it adopts evidential thresholds outside an accepted range. I supplement these conditions with an (...)
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  40. Biobanking and risk assessment: a comprehensive typology of risks for an adaptive risk governance.Kaya Akyüz, Olga Tzortzatou, Łukasz Kozera, Melanie Goisauf, Signe Mezinska, Gauthier Chassang & Michaela Th Mayrhofer - 2021 - Life Sciences, Society and Policy 17 (1):1-28.
    Biobanks act as the custodians for the access to and responsible use of human biological samples and related data that have been generously donated by individuals to serve the public interest and scientific advances in the health research realm. Risk assessment has become a daily practice for biobanks and has been discussed from different perspectives. This paper aims to provide a literature review on risk assessment in order to put together a comprehensive typology of diverse risks biobanks could (...)
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  41. Animal Cognition and Human Values.Jonathan Birch - 2018 - Philosophy of Science 85 (5):1026-1037.
    Animal welfare scientists face an acute version of the problem of inductive risk, since they must choose whether to affirm attributions of mental states to animals in advisory contexts, knowing their decisions hold consequences for animal welfare. In such contexts, the burden of proof should be sensitive to the consequences of error, but a framework for setting appropriate burdens of proof is lacking. Through reflection on two cases—pain and cognitive enrichment—I arrive at a tentative framework based on the (...)
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  42. Problems of Religious Luck, Chapter 6: The Pattern Stops Here?Guy Axtell - 2018 - In Problems of Religious Luck: Assessing the Limits of Reasonable Religious Disagreement. Lanham, MD, USA & London, UK: Lexington Books/Rowman & Littlefield.
    This book has argued that problems of religious luck, especially when operationalized into concerns about doxastic risk and responsibility, can be of shared interest to theologians, philosophers, and psychologists. We have pointed out counter-inductive thinking as a key feature of fideistic models of faith, and examined the implications of this point both for the social scientific study of fundamentalism, and for philosophers’ and theologians’ normative concerns with the reasonableness of a) exclusivist attitudes to religious multiplicity, and b) theologically-cast (...)
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  43. Values in Science: Should we say goodbye to impartiality?Claudio Ricardo Martins Reis - 2021 - Principia: An International Journal of Epistemology 2 (25):199-218.
    In the first half of the 20 th century, philosophers of science used to sustain that the correct theory acceptance in science derived from their conforming to certain rules. However, from the historicist and practical turn in the philosophy of science, the theory acceptance started to be analyzed based on values rather than on a priori established rules. In this article, I will present four paradigmatic positions on the role of values in science. The first position, articulated by Hugh Lacey, (...)
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  44. Is violence escalation the consequence of art vandalism, road blockades, and assaults for the cause of climate change mitigation?Quan-Hoang Vuong, Viet-Phuong La & Minh-Hoang Nguyen - manuscript
    Environmental activism is expected to improve society’s well-being and environmental sustainability. Nevertheless, some inappropriate ways of activism, like road blockage, art vandalism, assaults, etc., have been recently conducted and risked causing adverse repercussions, including violence escalation. The current study aims to explore which types of environmental activism are more likely to escalate violence between activists, affected citizens, and police. Bayesian Mindsponge Framework (BMF) analytics was employed to analyze a dataset of 89 blockage, vandalism, and harassment cases in 13 countries in (...)
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  45. Innovating with confidence: embedding AI governance and fairness in a financial services risk management framework.Luciano Floridi, Michelle Seng Ah Lee & Alexander Denev - 2020 - Berkeley Technology Law Journal 34.
    An increasing number of financial services (FS) companies are adopting solutions driven by artificial intelligence (AI) to gain operational efficiencies, derive strategic insights, and improve customer engagement. However, the rate of adoption has been low, in part due to the apprehension around its complexity and self-learning capability, which makes auditability a challenge in a highly regulated industry. There is limited literature on how FS companies can implement the governance and controls specific to AI-driven solutions. AI auditing cannot be performed in (...)
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  46. Trust and Distributed Epistemic Labor‎.Boaz Miller & Ori Freiman - 2019 - In Judith Simon (ed.), The Routledge Handbook of Trust and Philosophy. Routledge. pp. ‎341-353‎.
    This chapter explores properties that bind individuals, knowledge, and communities, together. Section ‎‎1 introduces Hardwig’s argument from trust in others’ testimonies as entailing that trust is the glue ‎that binds individuals into communities. Section 2 asks “what grounds trust?” by exploring assessment ‎of collaborators’ explanatory responsiveness, formal indicators such as affiliation and credibility, ‎appreciation of peers’ tacit knowledge, game-theoretical considerations, and the role moral character ‎of peers, social biases, and social values play in grounding trust. Section 3 deals with establishing (...)
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  47. AI Governance and the Policymaking Process: Key Considerations for Reducing AI Risk.Brandon Perry & Risto Uuk - 2019 - Big Data and Cognitive Computing 3 (2):1-17.
    This essay argues that a new subfield of AI governance should be explored that examines the policy-making process and its implications for AI governance. A growing number of researchers have begun working on the question of how to mitigate the catastrophic risks of transformative artificial intelligence, including what policies states should adopt. However, this essay identifies a preceding, meta-level problem of how the space of possible policies is affected by the politics and administrative mechanisms of how those policies are created (...)
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  48. The poor performance of apps assessing skin cancer risk.Jessica Morley, Luciano Floridi & Ben Goldacre - 2020 - British Medical Journal 368 (8233).
    Over the past year, technology companies have made headlines claiming that their artificially intelligent (AI) products can outperform clinicians at diagnosing breast cancer, brain tumours, and diabetic retinopathy. Claims such as these have influenced policy makers, and AI now forms a key component of the national health strategies in England, the United States, and China. While it is positive to see healthcare systems embracing data analytics and machine learning, concerns remain about the efficacy, ethics, and safety of some commercial, AI (...)
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  49. An Accurate Solution for Credit Valuation Adjustment (CVA) and Wrong Way Risk.Tim Xiao - 2015 - Journal of Fixed Incom 25 (1):84-95.
    This paper presents a Least Square Monte Carlo approach for accurately calculating credit value adjustment (CVA). In contrast to previous studies, the model relies on the probability distribution of a default time/jump rather than the default time itself, as the default time is usually inaccessible. As such, the model can achieve a high order of accuracy with a relatively easy implementation. We find that the valuation of a defaultable derivative is normally determined via backward induction when their payoffs could be (...)
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  50. Can we turn people into pain pumps?: On the Rationality of Future Bias and Strong Risk Aversion.David Braddon-Mitchell, Andrew J. Latham & Kristie Miller - 2023 - Journal of Moral Philosophy 1:1-32.
    Future-bias is the preference, all else being equal, for negatively valenced events be located in the past rather than the future, and positively valenced ones to be located in the future rather than the past. Strong risk aversion is the preference to pay some cost to mitigate the badness of the worst outcome. People who are both strongly risk averse and future-biased can face a series of choices that will guarantee them more pain, for no compensating benefit: they (...)
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