Mental disorders in university students are very frequent, therefore higher education institutions have established in-campus mental healthcare centres. These clinics have particular characteristics that differ from other mental health centres, as they report to and represent an educational institution, while at the same time looking after the interests and well-being of patients requesting assistance, thus generating unique bioethical conflicts. Ethics Committees are useful tools to offer support to mental health professionals in making ethical decisions. In order to respond to these (...) issues, it was decided that an Ethics Committee would be created in the mental health clinic of a private university in Mexico City. This article describes the implementation process for this Committee, its duties and scope, as well as the case work and review methodology. A list of the most frequent ethical conflicts is attached, jointly with the ethical analysis of the cases treated throughout the year and a half or work by the Committee. (shrink)

A review of U. Mäki (ed.). Fact and Fiction in Economics, Cambridge: Cambridge University Press, 2003. pp. xvi 384. ISBN 0521 00957. As people interested mainly in theory, methodologists and philos...

Chapter. 1. Logical. Form. as. a. Level. of. Linguistic. Representation. What is the relation of a sentence's syntactic form to its logical form? This issue has been of central concern in modern inquiry into the semantic properties of natural ...

This paper extends previous attempts at understanding the nature of organizational integrity and its increasingly important role for companies which, after all, bear a moral and societal responsibility. Interpretations of organizational integrity in business ethics literature incorporate aspects ranging from the behavior of managers and employees to corporate structures and incentive systems. We argue that virtue ethics builds an indispensable framework for understanding the origin of the concept of integrity and transfer these findings to an organizational level. Hence, we first (...) define organizational integrity, and second operationalize it in a closed three-step process, consisting of morally sound corporate commitments, their transparent institutionalization within the company, and their implementation into actions. We consider the main goal of organizational integrity to be of a preventative investment nature. Organizational integrity is a company investment that translates into avoiding fines for potential violations of the law or ethical missteps, as well as an investment in the company’s reputation. In turn, organizational integrity can protect a company from disruptions that can threaten its existence. Defining and operationalizing the concept of organizational integrity provides the foundation for future scientific research and the basis for developing practical guidance for organizations and managers. (shrink)

The extended neoteric ranked set sampling plan proposed by Taconeli and Cabral has proven to outperform many one stages and two stages ranked set sampling plans when estimating the mean and the variance for different populations. Therefore, in this paper, the likelihood function based on ENRSS is proposed and used for estimation of the parameters of the inverted Nadarajah–Haghighi distribution. An extensive Monte Carlo simulation study is conducted to assess the performance of the proposed likelihood function, and the efficiency of (...) the estimated parameters based on ENRSS is compared with the well-known ranked set sampling plan and some of its modifications. These modifications include the extended ranked set sampling plan and the neoteric ranked set sampling plan. The results as foreseeable were very satisfactory and gave similar results to Taconeli and Cabral’s 2019 results. (shrink)

Interactional expertise is said to be a form of knowledge achieved in a linguistic community and, therefore, obtained entirely outside practice. Supposedly, it is not or only minimally sustained by the so-called embodied knowledge. Here, drawing upon studies in contemporary neuroscience and cognitive psychology, I propose that ‘derived’ embodiment is deeply involved in competent language use and, therefore, also in interactional expertise. My argument consists of two parts. First, I argue for a strong relationship among language acquisition, language use and (...) the real world (i.e. the world accessible to the senses). Biological constraints in very early childhood anchor language to the body. These constraints are by-products of our evolutionary peculiarity that we gain because of our physical and psychological immaturity at birth. Thus, infancy is predominantly concerned with the bodily needs and experiences of the concrete while language acquisition takes place. Particular interest in the concrete furnishes our linguistic world and installs ‘concrete’ language as the principal constituent of competent language use. Second, I argue that well-established concrete language implicitly and explicitly elicits mental representations, namely partial reactivations of sensorimotor states that occur during experience. These are stepping stones by which we subsequently make sense of expressions in new linguistic areas. Like any competent language user, the interactional expert, therefore, prompts multimodal imagination and re-enacts concrete experiences when acquiring linguistic knowledge pertaining to a specialist field. Finally, I outline the characteristics of those imaginative powers to identify mechanisms that improve interactional expertise and discuss the obvious relation between interactional expertise and ordinary knowledge acquisition after the concrete language stage. (shrink)

The purpose of the paper, part of a project by Boston University Law School, is to examine derivatives law and practice in selected Middle Eastern countries including the UAE.

The Born rule is derived from operational assumptions, together with assumptions of quantum mechanics that concern only the deterministic development of the state. Unlike Gleason’s theorem, the argument applies even if probabilities are de…ned for only a single resolution of the identity, so it applies to a variety of foundational approaches to quantum mechanics. It also provides a probability rule for state spaces that are not Hilbert spaces.

Let${\mathbb K}$be an algebraically bounded structure, and letTbe its theory. IfTis model complete, then the theory of${\mathbb K}$endowed with a derivation, denoted by$T^{\delta }$, has a model completion. Additionally, we prove that if the theoryTis stable/NIP then the model completion of$T^{\delta }$is also stable/NIP. Similar results hold for the theory with several derivations, either commuting or non-commuting.

We introduce reflection properties of cardinals in which the attributes that reflect are expressible by infinitary formulas whose lengths can be strictly larger than the cardinal under consideration. This kind of generalized reflection principle leads to the definitions of [Formula: see text]-indescribability and [Formula: see text]-indescribability of a cardinal [Formula: see text] for all [Formula: see text]. In this context, universal [Formula: see text] formulas exist, there is a normal ideal associated to [Formula: see text]-indescribability and the notions of [Formula: (...) see text]-indescribability yield a strict hierarchy below a subtle cardinal. Additionally, given a regular cardinal [Formula: see text], we introduce a diagonal version of Cantor’s derivative operator and use it to extend Bagaria’s [Derived topologies on ordinals and stationary reflection, Trans. Amer. Math. Soc. 371(3) (2019) 1981–2002] sequence [Formula: see text] of derived topologies on [Formula: see text] to [Formula: see text]. Finally, we prove that for all [Formula: see text], if there is a stationary set of [Formula: see text] that have a high enough degree of indescribability, then there are stationarily many [Formula: see text] that are nonisolated points in the space [Formula: see text]. (shrink)

Standard accounts of derivational morphology assume that it is incremental: some words are formed on the basis of others, and each derivational family has a base from which all of the other words are derived. The importance of the base has been questioned by paradigmatic approaches to morphology, which posit that word systems are about multidirectional relationships between words and paradigm cells, in which no word has a privileged status. This paper seeks to test which of these two views makes (...) more accurate predictions about speakers’ cognitive representations of derivational families. We perform an acceptability judgement experiment in which speakers are asked to evaluate the acceptability of a pseudoword conditional on another pseudoword in the same derivational family. We find that speakers are aware of implicative relationships between words in the same family, and that they opportunistically exploit probabilistic relationships between surface words, regardless of whether the base form is the predictor, the target of prediction, or not at all involved in the task. (shrink)

Globalization of financial markets led to the enormous growth of volume and diversification of financial transactions. Financial derivatives were the basic elements of this growth. Derivatives play a useful and important role in hedging and risk management, but they also pose several dangers to the stability of financial markets and thereby the overall economy. Derivatives are used to hedge and speculate the risk associated with commerce and finance. When used to hedge risks, derivative instruments transfer the risks from the hedgers, (...) who are unwilling to bear the risks, to parties better able or more willing to bear them. In this regard, derivatives help allocate risks efficiently between different individuals and groups in the economy. Investors can also use derivatives to speculate and to engage in arbitrage activity. Speculators are traders who want to take a position in the market; they are betting that the price of the underlying asset or commodity will move in a particular direction over the life of the contract. In addition to risk management, derivatives play a very useful economic role in price discovery and arbitrage. Financial derivatives trading are based on leverage techniques, earning enormous profits with small amount of money. (shrink)

In this paper, I propose to resolve the controversy over the derivation of the categories of quantity by spelling out three claims: (1) the three quantitative functions/forms of judgment (universal-particular-singular), qua synthetic categories of quantity (unity-plurality-totality), lawfully direct the determination of sensible manifolds as singular totalities, which (2) brings to light a specifically categorial type of judgmental activity, distinguishable from but presupposed by empirical judgments. This calls for (3) pairing the category of totality with the singular judgment and the category (...) of unity with the universal judgment (‘Order B’), rather than pairing the singular judgment with unity and the universal judgment with totality (‘Order A’). At stake in this controversy is our understanding of the categories’ normativity, their scope, and the division of labor between intuitions and categories in individuating objects. (shrink)

ARGUMENT ABOUT whether in any significant sense we can derive an ought from an is has been persistent and intractable. Fifteen to twenty years ago it was orthodoxy in analytical philosophical circles to claim that for all their other differences Hume and Moore were right in agreeing that in no significant sense can we derive an ought from an is. At present there is no orthodoxy or even anything like a dominant view and, given our current understanding of how language (...) works and our understanding of moral and ideological discourse, we could not possibly reasonably remain content with old orthodoxies or take the question to be as straightforward as it was often thought to be. (shrink)

Implants and drugs with animal and human derived content are widely used in medicine and surgery, but information regarding ingredients is rarely obtainable by health practitioners. A religious perspective concerning the use of animal and human derived drug ingredients has not thoroughly been investigated. The purpose of this study was to clarify which parts of the medical and surgical treatments offered in western world-hospitals that conflicts with believers of major religions.

Frank Hindriks has attempted to derive a variant of Timothy Williamson’s knowledge rule for assertion on the basis of a more fundamental belief expression analysis of that speech act. I show that his attempted derivation involves a crucial equivocation between two senses of ‘must,’ and therefore fails. I suggest two possible repairs; but I argue that even if they are successful, we should prefer Williamson’s fully general knowledge rule to Hindriks’s restricted moral norm.

In ‘‘The Myth of Original Intentionality,’’ Daniel Dennett appears to want to argue for four claims involving the familiar distinction between original (or underived) and derived intentionality.

We investigate relationships between versions of derivability conditions for provability predicates. We show several implications and non-implications between the conditions, and we discuss unprovability of consistency statements induced by derivability conditions. First, we classify already known versions of the second incompleteness theorem, and exhibit some new sets of conditions which are sufficient for unprovability of Hilbert–Bernays’ consistency statement. Secondly, we improve Buchholz’s schematic proof of provable$\Sigma_1$-completeness. Then among other things, we show that Hilbert–Bernays’ conditions and Löb’s conditions are mutually incomparable. (...) We also show that neither Hilbert–Bernays’ conditions nor Löb’s conditions accomplish Gödel’s original statement of the second incompleteness theorem. (shrink)

The standard rule of necessitation in systems of natural deduction for the modal logic S4 concludes □A from A whenever all assumptions A depends on are modal formulas. This condition prevents the composability and normalization of derivations, and therefore modifications of the rule have been suggested. It is shown that both properties hold if, instead of changing the rule of necessitation, all elimination rules are formulated in the manner of disjunction elimination, i.e. with an arbitrary consequence.

A normalization procedure is given for classical natural deduction with the standard rule of indirect proof applied to arbitrary formulas. For normal derivability and the subformula property, it is sufficient to permute down instances of indirect proof whenever they have been used for concluding a major premiss of an elimination rule. The result applies even to natural deduction for classical modal logic.

This paper contributes to the debate on the role of financial derivatives for capitalism. It responds to Bryan and Rafferty’s defence of their analysis and their critique of my own. The paper argues that their analysis confuses what a financial derivative does, and mixes together different kinds of derivative – and non-derivative – that play very different roles. After detailing these points, the paper discusses the relationship between gold, money and derivatives, rejecting their notion that derivatives are some kind of (...) new ‘commodity money’. An important theme absent from Bryan and Rafferty’s analysis is the relationship of financial trading and derivatives markets to parasitism in the imperialist world economy. To illustrate this, the paper notes advantages enjoyed by the major financial powers – the US and the UK – that are the main centres for the origination of derivatives and for derivatives trading. (shrink)

One of the earliest applications of transfinite numbers is in the construction of derived sequences by Cantor [2]. In [6], the existence of derived sequences for countable closed sets is proved in ATR0. This existence theorem is an intermediate step in a proof that a statement concerning topological comparability is equivalent to ATR0. In actuality, the full strength of ATR0 is used in proving the existence theorem. To show this, we will derive a statement known to be equivalent to ATR0, (...) using only RCA0 and the assertion that every countable closed set has a derived sequence. We will use three of the subsystems of second order arithmetic defined by H. Friedman , which can be roughly characterized by the strength of their set comprehension axioms. RCA0 includes comprehension for Δmath image definable sets, ACA0 includes comprehension for arithmetical sets, and ATR0 appends to ACA0 a comprehension scheme for sets defined by transfinite recursion on arithmetical formulas. MSC: 03F35, 54B99. (shrink)

This paper presents a representational theory of derived physical measurements. The theory proceeds from a formal definition of a class of similar systems. It is shown that such a class of systems possesses a natural proportionality structure. A derived measure of a class of systems is defined to be a proportionality-preserving representation whose values are n-tuples of positive real numbers. Therefore, the derived measures are measures of entire physical systems. The theory provides an interpretation of the dimensional parameters in a (...) large class of physical laws, and it accounts for the monomial dimensions of these parameters. It is also shown that a class of similar systems obeys a dimensionally invariant law, which one may safely subject to a dimensional analysis. (shrink)

A theory of the joint measurement of quantum mechanical observables is generalized in order to make it applicable to the measurement of the local observables of field theory. Subsequently, the property of local commutativity, which is usually introduced as a postulate, is derived by means of the theory of measurement from a requirement of mutual nondisturbance, which, for local observables performed at a spacelike distance from each other, is interpreted as a requirement of macrocausality. Alternative attempts at establishing a deductive (...) relationship between relativistic causality and local commutativity are reviewed, but found wanting, either because of the assumption of an unwarranted objectivity of the object system (algebraic approach) or because of the use of a projection postulate (operational approach). Finally, the quantum mechanical nonobjectivity is related to certain features of nonlocality which are present in the formalism of quantum mechanics. (shrink)

A rigorous ab initio derivation of the (square of) Dirac’s equation for a particle with spin is presented. The Lagrangian of the classical relativistic spherical top is modified so to render it invariant with respect conformal changes of the metric of the top configuration space. The conformal invariance is achieved by replacing the particle mass in the Lagrangian with the conformal Weyl scalar curvature. The Hamilton-Jacobi equation for the particle is found to be linearized, exactly and in closed form, by (...) an ansatz solution that can be straightforwardly interpreted as the “quantum wave function” of the 4-spinor solution of Dirac’s equation. All quantum features arise from the subtle interplay between the conformal curvature acting on the particle as a potential and the particle motion which affects the geometric “pre-potential” associated to the conformal curvature itself. The theory, carried out here by assuming a Minkowski metric, can be easily extended to arbitrary space-time Riemann metric, e.g. the one adopted in the context of General Relativity. This novel theoretical scenario appears to be of general application and is expected to open a promising perspective in the modern endeavor aimed at the unification of the natural forces with gravitation. (shrink)

In his ‘The Identity Objection to the future‐like‐ours argument’ (Bioethics, 2019, 33: 287–293), Brill argues that Marquis's 'future of value' account of the wrong of abortion is still vulnerable to the identity objection—the claim that the foetus and the later person are not numerically identical, so the later person's valuable experiences are not the foetus's future experiences—even if it is conceded that the future organism, as well as the person, has experiences. This is because the organism has these experiences in (...) a different way from the person. The person has them directly, and the organism has them only derivatively. This implies, he maintains, that the organism cannot be deprived of those experiences in a way that is wrong. Only the person can be deprived in this morally relevant way. But, I argue, if the organism genuinely has those experiences, it is not at all clear why its being deprived of them would be permissible. I argue that the reason why Brill can claim that having those experiences derivatively makes this moral difference is because the sense in which the organism has experiences is not a genuine sense. But that is a problem for this theory of personal identity, not for Marquis's account of the wrong of abortion. I also argue that supposing that one cannot morally harm the human organism has various implausible implications, which cast doubt on the idea that having experiences derivatively means that the organism is not morally harmed by being deprived of them. (shrink)

Derivational robustness may increase the degree to which various pieces of evidence indirectly confirm a robust result. There are two ways in which this increase may come about. First, if one can show that a result is robust, and that the various individual models used to derive it also have other confirmed results, these other results may indirectly confirm the robust result. Confirmation derives from the fact that data not known to bear on a result are shown to be relevant (...) when it is shown to be robust. Second, robustness may increase the degree to which the robust result is indirectly confirmed if it increases the weight with which existing evidence indirectly confirms it. This may happen when it strengthens the connection between the core and the robust result by showing that auxiliaries are not responsible for the result. (shrink)

The central objection to the constitution view is the too many thinkers problem - if the animal that constitutes you thinks and you are not it, then there are two thinkers within the region you occupy. Lynne Rudder Baker claims that the animal thinks only derivatively, in virtue of constituting the person that thinks nonderivatively, and this leads to a solution to the too many thinkers problem. This paper offers two objections to Baker’s solution. First, the idea of derivative/ nonderivative (...) properties faces a dilemma unacceptable to constitutionalists: either the too many thinkers problem is reinstated or the constitution view is undermined by the idea itself. Further, Baker should concede that the person thinks in virtue of brain functions. This implies, contra Baker’s claim, that the person thinks derivatively and the animal thinks nonderivatively. The paper also considers a way in which Baker might respond to the two objections. (shrink)

As is well known the derivative of a computable and C1 function may not be computable. For a computable and C∞ function f, the sequence {f} of its derivatives may fail to be computable as a sequence, even though its derivative of any order is computable. In this paper we present a necessary and sufficient condition for the sequence {f} of derivatives of a computable and C∞ function f to be computable. We also give a sharp regularity condition on an (...) initial computable function f which insures the computability of its derivative f′. (shrink)

Financial derivatives have been singled out as the major villain in the latest crisis, particularly through speculative trading by banks. Yet little attention has been paid to the fundamental rôle that derivatives play in modern capitalism. Even less has there been a focus on how the boom in derivatives-trading was prompted by the crisis of profitability and capital-accumulation. This article shows that while derivatives were one means by which speculation took off, the momentum behind this was driven by low profitability. (...) That was why banks turned their mortgage-loans into derivative-driven securities, why pension-funds placed bets on commodity-futures and why countries such as Greece used derivatives to hide the real state of their finances. Derivatives helped determine the form and magnitude of the crisis, but were not its underlying cause. Proposed reforms of the derivatives-market ignore the fundamental determinants of the financial crisis, assuming it to be a failure of regulation. (shrink)

Building upon previous research on the therapeutic object, specifically the objet re-petit-ive abc, which draws from Lacan, Winnicott, and Guattari, I explore the generation, contribution, and erosion of knowledge in the so-called smart city. I will investigate how digital pedagogical objects, functioning as transitional objects, can serve as therapeutic purposes both within and outside institutional settings. I examine the notions of the dérive and psychogeography and compare them with Bernard Stiegler’s concept of the “journey of knowledge” and then delve into (...) the curation of “negentropic forms of knowledge” and the mnemonic technique of the dérive. Taking ecological and ecosophical perspectives into account, I consider mnemonic techniques as a means to critically reflect upon the urban landscape and its transformation into a technical milieu. My overall goal is to contemplate the possibility of a Stieglerian and/or Guattarian détournement (philosophical hijacking) of the smart city. (shrink)

In derived embodiment, intangible phenomena become as-if tangible as a result of their almost promiscuous borrowing of corporeality from experiences of real objects.

Let T be a complete, model complete o-minimal theory extending the theory RCF of real closed ordered fields in some appropriate language L. We study derivations δ on models ℳ⊧T. We introduce the no...

Information transmission from tumor cells to non‐tumor cells in the surrounding microenvironment via microvesicles is a more recently studied form of intercellular signaling that can have a marked impact on the tumor microenvironment. Tumor‐derived microvesicles (TMVs) are packed with information including signaling proteins and nucleic acids, and can be taken up by target cells, enabling paracrine signaling. While previous research has focused on how vesicles released from pathologic cells differ from normal cells, the heterogeneity that exists within the TMV population (...) itself is not fully characterized, and only beginning to be appreciated. In this review, we summarize current understanding of the biogenesis and roles of shed TMVs in the tumor microenvironment, and speculate on the consequences for tumor cell signaling in light of the hypothesis that there exists variance within the TMV population. The analysis of differential signaling upon cell‐TMV interactions provides insights into potential mechanisms of intercellular communication. (shrink)

The Korean particle -nun combined with an accent indicates contrast :269–320, 1972; Heycock, in: Merce Proceedings of NELS, vol 24, pp 159–187, 1993; in: Miyagawa, Saito Handbook of Japanese linguistics, Oxford University Press, Cambridge, 2007; Hara, in: Dekker, Franke Fifteenth Amsterdam colloquium, Universiteit van Amsterdam, pp 101–106, 2006; Lee, in: Lee, Gordon, Büring Topic and focus: meaning and intonation from a crosslinguistic perspective. Springer, Berlin, 2003; Tomioka, in: Zimmermann, Fery Information structure, Oxford University Press, Cambridge, pp 115–138, 2009, among many (...) others). While this is not controversial, what it means to be contrastive remains unclear. In this paper, instead of analyzing contrastive -nun as a discourse device in the sense of information structure, as has been done in previous studies, I explore how the contrastive meaning is derived compositionally. I treat contrastive -nun as a focus sensitive particle that associates with prosodic accents in two places, generating a non-at-issue meaning. The non-at-issue meaning contains a polyadic quantifier that establishes a contrastive relationship between two elements in a given set. This analysis explains how focus following contrastive -nun is associated with -nun. It also provides an explanation for the uncertainty implicature that contrastive -nun gives rise to. Finally, it clarifies the logical relationship among different focus particles in Korean. (shrink)

In this note the well-ordering principle for the derivative \ of normal functions \ on ordinals is shown to be equivalent to the existence of arbitrarily large countable coded \-models of the well-ordering principle for the function \.

The analysis of dispositions is used to consider cases where the effect of one disposition operating is the existence of another disposition. This may arise from rearrangements within aggregated structures of dispositional parts, or, it is argued, also as stages of derivative dispositions within a set of multiple generative levels. Inspection of examples in both classical and quantum physics suggests a general principle of `Conditional Forward Causation': that dispositions act 'forwards' in a way conditional on certain circumstances or occasions already (...) existing at the `later' levels. (shrink)

The main result of this paper is Theorem, which shows that it is possible for derived models to satisfy “ω1 is ‐supercompact”. Other constructions of models of this theory are also discussed; in particular, Theorem constructs a normal fine measure on and hence a model of “Θ is regular”+“ω1 is ‐supercompact” from a model of “Θ is measurable”.

Mathematics is about proofs, that is the derivation of correct statements; and calculations, that is the production of results according to well-defined sets of rules. The two notions are intimately related. Proofs can involve calculations, and the algorithm underlying a calculation should be proved correct. The aim of the author is to explore this relationship. The book itself forms an introduction to simple type theory. Starting from the familiar propositional calculus the author develops the central idea of an applied lambda-calculus. (...) This is illustrated by an account of Gödel's T, a system which codifies number-theoretic function hierarchies. Each of the book's 52 sections ends with a set of exercises, some 200 in total. These are designed to help the reader get to grips with the subject, and develop a further understanding. An appendix contains complete solutions of these exercises. (shrink)

Causal theories of reference for natural kind terms are widely agreed to play a central role in arguments for the claim that theoretical identity statements such as “Water is H2O” are necessary, if true. However, there is also fairly wide-spread agreement, due to the arguments of Nathan Salmon, that causal theories of reference do not alone establish such essentialism about natural kinds: an independent, non-trivial essentialist premise is also needed. In this paper I will question this latter agreement. I will (...) argue that there is an independently attractive explanation of why such identity statements are metaphysically necessary, if true: an explanation which relies on assumptions about the semantics of natural kind terms, general philosophical assumptions about reference, and straightforward empirical assumptions, but presupposes no non-trivial essentialist premises. (shrink)

Tumor suppressor protein 53 (p53) plays a central role in the control of genome stability, acting primarily through the transcriptional activation of stress‐response genes. However, many p53 binding sites are located at genomic locations with no obvious regulatory‐link to known stress‐response genes. We recently discovered p53 binding sites within retrotransposon‐derived elements in human and mouse subtelomeres. These retrotransposon‐derived p53 binding sites protected chromosome ends through transcription activation of telomere repeat RNA, as well as through the direct modification of local chromatin (...) structure in response to DNA damage. Based on these findings, I hypothesize that a class of p53 binding sites, including the retrotransposon‐derived p53‐sites found in subtlomeres, provide a primary function in genome stability by mounting a direct and local protective chromatin‐response to DNA damage. I speculate that retrotransposon‐derived p53 binding sites share features with telomere‐repeats through an evolutionary drive to monitor and maintain genome integrity. (shrink)

Eight derivations of Bell’s inequality are given. First a simple and concrete derivation is given drawing on the full strength of the two hypotheses of locality and hidden variables. Two attempts at deriving Bell’s inequality without locality are made. They fail, but give valuable insight into the form which nonlocality must take in quantum physics. Arguments are given against this form of nonlocality. Ontological ideas which allow separation, realism, and locality in quantum mechanics are indicated. In the following five derivations, (...) a number of variants of the assumption of hidden variables are tried. Among the insights which these derivations give rise to are: Particles cannot be assumed to have spin or polarisation values for as much as one fixed direction. The classical picture of electromagnetic radiation is incompatible with QM. Heisenberg’s idea of potentiality in elementary particles is incompatible with QM. There is a weakest form of hidden variables, called realisability, which is sufficient to yield Bell’s inequality. Quantum states cannot be identified with physical states. The mathematical problem of the integration of quantum states into physical states is nontrivial. (shrink)

Recent finance literature attributes the development of derivative instruments to technological advances, and improved mathematical models for predicting option prices. This paper explores the role of social ethics in the acceptance of financial derivatives. The relationship between utilitarian ethical principles and the demise of turn-of-the-century bucket shops is contrasted with modern tolerance of financial derivatives based upon libertarian ethical precepts. Our conclusion is that a change in social ethics also facilitated the growth in trading in modern financial derivatives.