The safety first expected utility model: Experimental evidence and economic implications

Roy’s [Roy, A., 1952. Safety first and the holding of assets. Econometrica 20 (3), 431–449] safety first criterion advocates the minimization of the probability of outcomes below a certain “disaster” level. This paper examines safety first theoretically and experimentally. We find that safety first plays a crucial role in decision-making, inducing choices that cannot be …

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A Theory of Human Motivation

 INTRODUCTION: In a previous paper (13) various propositions were presented which would have to be included in any theory of human motivation that could lay claim to being definitive. These conclusions may be briefly summarized as follows: Read more

Trump is not Who He Says He Is (Bruce W. Nelson)

Most of the reasons Trumpers give for admiring Trump are not based in reality. Despite what they may WANT to believe about Trump, he is not courageous and brave, he doesn’t care about the average person, he isn’t knowledgeable about the world, he is more a failure in business than a success, he was not …

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Ukraine Must Win War for the Future of Liberal Democracy, Asserts Lithuanian Prime Minister in Episode of Battlegrounds

Šimonytė tells the Hoover broadcast’s host, Fouad and Michelle Ajami Senior Fellow H. R. McMaster, that it is crucial that the Ukrainians defeat Russia decisively, recapture lost territory, and restore its sovereignty. This outcome is critical not only for the people of Ukraine but for all who desire to preserve freedom and democratic rule in the West. …

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How Cold War II Could Turn into Worldwar III

A large proportion of the world’s top tourist destinations are the remains of dead empires. A week of sightseeing with my younger children in Italy reminded me of this. The city of Rome was the capital of an empire that at its height stretched from Britannia to Babylonia. The city of Venice once ruled a …

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Heraclitus of Ephesus (500 BCE)

Heraclitus of Ephesus (l. c. 500 BCE) was one of the early Pre-Socratic philosophers who, like the others, sought to identify the First Cause for the creation of the world. He rejected earlier theories such as air and water and claimed that fire was the First Cause as it both created and destroyed. Read more

What is Dark Matter: Theory and Enerty

What we can see in the sky either with the naked eye or with optical instruments is only a small fraction of what we know as the universe. Why? The rest of the universe does not emit any kind of light in any spectrum that we can detect; however, the presence of this matter and …

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The Generous Philosopher

Ahumble virus, the Dead Sea, oil pipelines, Wonder Woman, a voodoo doll, Escherichia coli, the concept of freedom, monsoons, ‘extinct’ languages, and tectonic plates. All are real. All are active. And, in their own way, these and myriad other nonhuman entities are actors, enrolled in the production of our world. We’re still in the opening paragraph, but …

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Can political persuasion be something more than manipulation?

In answering the question ‘What is Enlightenment?’ Immanuel Kant in 1784 argued that ‘All that is required for this enlightenment is freedom … namely, the freedom of man to make public use of his reason in all matters.’ In the past several years, this commitment to the emancipatory power of reason, and to the further belief …

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