scholarly journals Uncertainity of risk and increasing risk of uncertainty in business decisions

2021 ◽  
Vol 8 (3) ◽  
pp. 264-312
Author(s):  
Iván Bélyácz ◽  
Katalin Daubner
Keyword(s):  
Risk Taking ◽  
Classical System ◽  
Risk And Uncertainty ◽  
Business Decisions ◽  
Classical Economics ◽  
Starting Point ◽  
Increasing Risk ◽  
The Difference ◽  
Relationship Of ◽  
The Relationship

Our paper follows the development of theory regarding the position of risk and uncertainty in economics from the publication of works by Knight (1921) and Keynes (1921) until the recent past. The starting point is presented by the relevant remarks of the thinkers of classical economics. Next, we describe the turning point related to Knight and Keynes and reveal the theoretical roots of risk taking. In the core chapter of the paper the authors make an attempt to re-interpret “animal spirits” as the intention for risk taking. A separate chapter is devoted to the relationship of rational choice and risk, and another one about the canonisation of risk in economics. In further parts of the paper, we examine the intentions to relativize the difference between risk and uncertainty, the negligence of uncertainty in the neo-classical system, the attempts to merge risk and uncertainty and the disruption of the unity of risk taking and risk bearing. Finally, the authors come to the conclusion that Knight’s and Keynes’ doctrines of risk and uncertainty have stood the test of time.

On the Very Idea of Civilisation

2021 ◽  
Vol 31 (2) ◽  
pp. 307-321
Author(s):  
Luke O’Sullivan ◽  
Keyword(s):  
Technological Development ◽  
Thomas Hobbes ◽  
Alternative Definition ◽  
Starting Point ◽  
Western Imperialism ◽  
Clash Of Civilisations ◽  
Definition Of ◽  
Contemporary Liberalism ◽  
Relationship Of ◽  
The Relationship

The concept of civilisation is a controversial one because it is unavoidably normative in its implications. Its historical associations with the effort of Western imperialism to impose substantive conditions of life have made it difficult for contemporary liberalism to find a definition of “civilization” that can be reconciled with progressive discourse that seeks to avoid exclusions of various kinds. But because we lack a way of identifying what is peculiar to the relationship of civilisation that avoids the problem of domination, it has tended to be conflated with other ideas. Taking Samuel Huntington's idea of a “Clash of Civilisations” as a starting point, this article argues that we suffer from a widespread confusion of civilisation with “culture,” and that we also confuse it with other ideas including modernity and technological development. Drawing on Thomas Hobbes, the essay proposes an alternative definition of civilisation as the existence of limits on how we may treat others.

The Performance of Sailing Yachts in Oblique Seas

1974 ◽  
Vol 11 (04) ◽  
pp. 383-392
Author(s):  
David R. Pedrick
Keyword(s):  
Wave Length ◽  
Added Resistance ◽  
Regular Waves ◽  
Sea State ◽  
Hull Form ◽  
Rough Water ◽  
Rational Procedure ◽  
The Difference ◽  
Relationship Of ◽  
The Relationship

The difference in the effects of rough water on similar sailing yachts has been one of the intriguing puzzles that sailors, designers, and researchers have long tried to understand. It is not uncommon for two yachts of equal performance in smooth-sea conditions to have their speed or pointing ability reduced by different amounts when encountering waves. To investigate the causes of such behavior, it is important to have a rational procedure to analyze how changes in hull form, weight distribution, rig, and other design features affect the speed and motions of sailing yachts. This paper discusses the relationship of wind to rough water and of motions and added resistance to wave length and height. It then describes a procedure to predict motions, sailing speed, and speed-made-good to windward in realistic windward sailing conditions. The procedure utilizes results of heeled and yawed model tests of 12-metre yachts in oblique regular waves to predict performance in a Pierson-Moskowitz sea state corresponding closely to the equilibrium true wind speed.

Organizational Support for Professionalism, Organizational Citizenship Behavior (OCB), and Performance

2021 ◽  
Vol 10 (1) ◽  
pp. 1-12
Author(s):  
Noviana Norrohmat ◽  
Umar Nimran ◽  
Kusdi Raharjo ◽  
Hamidah Nayati Utami ◽  
Endang Siti Astuti
Keyword(s):  
Organizational Citizenship ◽  
Organizational Citizenship Behavior ◽  
Organizational Support ◽  
Citizenship Behavior ◽  
Research Approach ◽  
The Difference ◽  
And Performance ◽  
Relationship Of ◽  
Descriptive Survey ◽  
The Relationship

The purpose of this research is to determine the organizational support for professionalism that has never been done before. The research approach is to conceptualize the structure of the relationship of variables from a study. Verification research is to test the hypothesis through data collection in the field using two methods, namely descriptive survey and explanatory survey. The use of both methods aims to analyze the causality relationship between research variables in accordance with the hypothesis quantitatively. There is significant influence between the variables of organizational support to professional variables. However, different results are found on the influence of organizational support variables on OCB and performance that have no significant effect. There is also an indirect influence between organizational support variables on OCB and performance through intermediary intervening professionalism variables. The difference between this research and the previous research are the use of constructs and the measurement in the unit of analysis being used.

Economic Systems and Economic History

1965 ◽  
Vol 25 (4) ◽  
pp. 660-679
Author(s):  
Arthur Schweitzer
Keyword(s):  
Economic History ◽  
Economic Systems ◽  
Starting Point ◽  
Relationship Of ◽  
The Relationship

What is the relationship of economic history to the study of comparative economic systems? Perhaps the major contribution to thought on this subject has been made by Walter Eucken, whose ideas may be taken as the starting point for our discussion.

scholarly journals L'ereignis, Le Mot-Directeur De La Pensée De Heidegger

2017 ◽  
Vol 13 (23) ◽  
pp. 234
Author(s):  
Pascal Dieudonné Roy-Ema
Keyword(s):  
Martin Heidegger ◽  
German Language ◽  
New Concepts ◽  
New Meanings ◽  
The Difference ◽  
Time And Being ◽  
Relationship Of ◽  
The Relationship

For over sixty years (from 1910 to 1973), Martin Heidegger carried out a work of thought which led him to create a large quantity of neologisms. It also led him to create a new use of idioms in the German language. This was regarded as a renewed vocabulary. His study bears new meanings and expresses the philosopher's work of thought and the new concepts he proposes. Among them is the Ereignis that this text proposes to question the content. The Ereignis is what makes time and being belongs to each other. It is the relationship of all the relations engendered by this co-membership. This is made possible by the difference installed at the heart of the same. Heidegger himself admitted that the Ereignis was the keyword of his whole thought since the early 1930s. It is the word-director of his thought.

scholarly journals LEGAL AXIOMS: APPROACHES TO UNDERSTANDING

2020 ◽  
Vol 1 (9) ◽  
pp. 8-12
Author(s):  
Inna Zelenko ◽  
Keyword(s):  
Legal Regulation ◽  
Complex Phenomenon ◽  
Legal Principles ◽  
Common Features ◽  
The Third ◽  
Legal Science ◽  
The Difference ◽  
Definition Of ◽  
Relationship Of ◽  
The Relationship

The article reflects the diversity of views on the concept of "legal axiom". It is clarified that there are lawyers who deny the existence of the concept of "axiom" in law. It is presented that some scholars identify legal axioms with legal customs in terms of content, formulation and existence, as well as methods of provision. It is revealed that legal axioms have common features and differences with legal presumptions. It is emphasized that the legal presumption and legal axiom are understood as true without evidence. It is considered that the difference between a legal presumption and a legal axiom lies in the difference of circumstances: they allow to consider them plausible; possibilities (impossibilities) of refutation; significance, content and form It is demonstrated that there are several approaches to the relationship of legal axioms with the principles of law. It has been found that the first group of scholars identify the principles of law and axioms. Attention is drawn to the fact that the second group of scholars notes that axioms are prerequisites for the principles of law. It is presented that the representatives of the third group distinguish between the concepts of principles of law and legal axioms. It has been shown that the complex interrelationships of principles and axioms are reflected in their dialectical unity, their ability to pass from one to another, and the disclosure of one phenomenon through another. It is noted that axioms are subject to change, so axioms and presumptions are closely interrelated and under certain conditions can replace each other. The definition of legal axioms has been further considered. Legal axioms are a multifaceted complex phenomenon of legal reality related to law, legal awareness and legal science. regularities, properties of special legal principles of law and serve to simplify legal regulation.

scholarly journals Vasyl Domanytskyi’s Participation in Work of “Vik” Publishing House

2019 ◽  
pp. 21-32
Author(s):  
Bohdan Tsymbal
Keyword(s):  
Publishing House ◽  
Limited Range ◽  
Starting Point ◽  
Terminus Post Quem ◽  
Archival Documents ◽  
History Of ◽  
The Russian Empire ◽  
Relationship Of ◽  
The Relationship ◽  
Printed Sources

The paper explores the initial activity of Kyiv publishing house “Vik” and Vasyl Domanytsky’s participation in its work. The history of the publishing house has not been properly studied yet. The vast majority of sources used by the scholars contain many inconsistencies, and the existing research works don’t pay attention to the causes of the differences, but rather exacerbate the problem due to uncritical attitude to the sources. The author, therefore, focuses on three issues: 1) the time when the publishing house was founded; 2) its employees; 3) Domanytskyi’s participation in its work. Researchers date the origins of the publishing house differently, within a wide period of 1894–1897. Most of them rely on a limited range of printed sources that may contain some mistakes. Based on the crossed analysis of the ‘main’ (popular) sources with the involvement of those less popular among specialists, the author identified the causes of differences in the works of the scholars and made an attempt to explain the causes of such inaccuracies. The new archival materials not only confirmed the results of studying the printed sources but also helped to establish the earliest documented date directly related to the work of the publishing house. This date may be reasonably taken as a starting point of its history. Studying the archival documents of the censorship department allows making some assumptions about the staff of the publishing house, which although remains insufficiently studied. The list of personalities is still limited to the five most famous members of the publishing circle. The findings also help to clarify the terminus post quem of Vasyl Domanytskyi’s involvement in the work of the publishing house. The results obtained are important not only for the further study of the history of Ukrainian book printing but also for highlighting the relationship of publishers with the censorship in the Russian Empire and the work of the Kyiv “Moloda Hromada” circle. The paper explores the initial activity of Kyiv publishing house “Vik” and Vasyl Domanytsky’s participation in its work. The history of the publishing house has not been properly studied yet. The vast majority of sources used by the scholars contain many inconsistencies, and the existing research works don’t pay attention to the causes of the differences, but rather exacerbate the problem due to uncritical attitude to the sources. The author, therefore, focuses on three issues: 1) the time when the publishing house was founded; 2) its employees; 3) Domanytskyi’s participation in its work. Researchers date the origins of the publishing house differently, within a wide period of 1894–1897. Most of them rely on a limited range of printed sources that may contain some mistakes. Based on the crossed analysis of the ‘main’ (popular) sources with the involvement of those less popular among specialists, the author identified the causes of differences in the works of the scholars and made an attempt to explain the causes of such inaccuracies. The new archival materials not only confirmed the results of studying the printed sources but also helped to establish the earliest documented date directly related to the work of the publishing house. This date may be reasonably taken as a starting point of its history. Studying the archival documents of the censorship department allows making some assumptions about the staff of the publishing house, which although remains insufficiently studied. The list of personalities is still limited to the five most famous members of the publishing circle. The findings also help to clarify the terminus post quem of Vasyl Domanytskyi’s involvement in the work of the publishing house. The results obtained are important not only for the further study of the history of Ukrainian book printing but also for highlighting the relationship of publishers with the censorship in the Russian Empire and the work of the Kyiv “Moloda Hromada” circle.

Unruptured intracranial aneurysms and arteriovenous malformations: frequency of intracranial hemorrhage and relationship of lesions

1990 ◽  
Vol 73 (6) ◽  
pp. 859-863 ◽  
Author(s):  
Robert D. Brown ◽  
David O. Wiebers ◽  
Glenn S. Forbes
Keyword(s):  
Intracranial Hemorrhage ◽  
Arteriovenous Malformations ◽  
Low Flow ◽  
Content Type ◽  
Unruptured Intracranial Aneurysms ◽  
The Difference ◽  
Arterial Feeder ◽  
Relationship Of ◽  
The Relationship ◽  
Feeding Systems

✓ Among 91 patients with unruptured intracranial arteriovenous malformations (AVM's), 16 patients had 26 unruptured intracranial saccular aneurysms. An actuarial analysis showed the risk of intracranial hemorrhage among patients with coexisting aneurysm and AVM to be 7% per year at 5 years following diagnosis compared to 1.7% for patients with AVM alone. The difference in length of survival free of hemorrhage was significant (log-rank, p < 0.0007). Several angiographic and clinical parameters were investigated to better understand the relationship of these lesions. The aneurysms occurred in similar percentages in patients with small, medium, and large AVM's. Twenty-five aneurysms were on arteries feeding the malformation system, almost equally distributed proximally and distally. Eleven aneurysms were atypical in location, and all arose from primary or secondary branch feeders to the malformation; 24 were on enlarged feeding arteries. Eleven (16%) of the 67 patients with high-flow AVM's had associated aneurysms, compared with five (21%) of the 24 patients with low-flow AVM's. Four (16%) of 25 low-shunt malformations and 12 (18%) of 65 high-shunt malformations had associated aneurysms. All five aneurysms associated with low-shunt malformations were on a direct arterial feeder of the malformation. These data suggest that the intracranial AVM's predispose to aneurysm formation within AVM feeding systems and that the mechanism is not simply based upon the high blood flow or high arteriovenous shunt in these systems.

Reduced Growth in Non-Small for Gestational Age Fetuses from 35 Weeks of Gestation to Birth and Perinatal Outcomes

2021 ◽  
pp. 1-10
Author(s):  
Peña Dieste Pérez ◽  
Luis M. Esteban ◽  
Ricardo Savirón-Cornudella ◽  
Faustino R. Pérez-López ◽  
Sergio Castán-Mateo ◽  
...  
Keyword(s):  
Gestational Age ◽  
Small For Gestational Age ◽  
Perinatal Outcomes ◽  
Entire Study ◽  
Birth Weight Percentile ◽  
Gestational Age At Delivery ◽  
Study Population ◽  
The Difference ◽  
Relationship Of ◽  
The Relationship

<b><i>Objective:</i></b> This study aimed to assess reduced fetal growth between 35 weeks of gestation and birth in non-small for gestational age fetuses associated with adverse perinatal outcomes (APOs). <b><i>Material and Method:</i></b> It is a retrospective cohort study of 9,164 non-small for gestational age fetuses estimated by ultrasound at 35 weeks. The difference between the birth weight percentile and the estimated percentile weight (EPW) at 35 weeks of gestation was calculated, and we studied the relationship of this difference with the appearance of APO. APOs were defined as cesarean or instrumental delivery rates for nonreassuring fetal status, 5-min Apgar score &#x3c;7, arterial cord blood pH &#x3c;7.10, and stillbirth. Fetuses that exhibited a percentile decrease between both moments were classified into 6 categories according to the amount of percentile decrease (0.01–10.0, 10.01–20.0, 20.01–30.0, 30.01–40.0, 40.01–50.0, and &#x3e;50.0 percentiles). It was evaluated whether the appearance of APO was related to the amount of this percentile decrease. Relative risk (RR) was calculated in these subgroups to predict APOs in general and for each APO in particular. Receiver operating characteristic and area under curves (AUC) for the difference in the percentile was calculated, used as a continuous parameter in the entire study population. <b><i>Results:</i></b> The median gestational age at delivery in uncomplicated pregnancies was 40.0 (39.1–40.7) and in pregnancies with APOs 40.3 (49.4–41.0), <i>p</i> &#x3c; 0.001. The prevalence of APOs was greater in the group of fetuses with a decrease in percentile (7.6%) compared to those with increased percentile (4.8%) (<i>p</i> &#x3c; 0.001). The RR was 1.63 (95% CI: 1.365–1.944, <i>p</i> &#x3c; 0.001). Although the differences were significant in all decreased percentile groups, RRs were significantly higher when decreased growth values were &#x3e;40 points (RR: 2.036, 95% CI: 1.581–2.623, <i>p</i> &#x3c; 0.001). The estimated value of the AUC for percentile decrease was 0.58 (0.56–0.61, <i>p</i> &#x3c; 0.001). <b><i>Conclusion:</i></b> Fetuses with a decrease in the EPW between the ultrasound at 35 weeks of gestation and birth have a higher risk of APOs, being double in fetuses with a decrease of &#x3e;40 percentile points.

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