Time is the grand stage where human activities take place (rational or otherwise). And the view of a branching temporal universe, or tree of possible events, with our actual history linearly advancing through it, is a widely shared cultural idea, not confined to Academia (cf. Borges brilliant 1941 essay El Jard́ın de senderos que se bifurcan). Even though logic is often considered a study of tim...

A self or person does not appear to be identifiable with his or her organic body, nor with any part of it, such as the brain; and yet selves seem to be agents, capable of bringing about physical events (such as bodily movements) as causal consequences of certain of their conscious mental states. How is this possible in a universe in which, it appears, every physical event has a sufficient cause...

In this paper we present new empirical evidence on the agency based asset pricing model of Brennan (1993). We find strong evidence that in the recent period stocks whose returns covary more with the idiosyncratic component of the S&P500 return have significantly lower returns, holding constant either the market beta or the loadings on the Fama-French factors. The effect is confined mainly to la...

1 The CMOD4 model 1.1: The scatterometer................................................................1 1.2: The CMOD4 model..............................................................4 2 The tropical cyclone.................................................................19 3 Experiments 3.1: Premise............................................................................23 3.2: Theoret...

There is an immense philosophical literature dealing with the notions of normativity and agency, as well as a sizeable and rapidly growing scientific literature on the topic of autonomous agents. However, there has been very little cross-fertilization between these two literatures. As a result, the philosophical literature tends to assume a somewhat outdated mechanistic image of living things, ...

The feeling that we are agents, intentionally making things happen by our own actions, is foundational to our understanding of ourselves as humans. People's metacognitions of agency were investigated in 4 experiments. Participants played a game in which they tried to touch downward scrolling Xs and avoid touching Os. Variables that affected accuracy included speed of the scroll, density of the ...

Recently several authors have suggested that affordances are not mere possibilities for action but can also invite behavior. This reconceptualization of affordances asks for a reconsideration of the ecological approach to agency. After a portrayal of the role of agency in ecological psychology, we draw upon phenomenology to reveal what it means for an agent to be invited by affordances. We sket...

In a common agency game a set of principals promises monetary transfers to an agent which depend on the action he will take. The agent then chooses the action, and is paid the corresponding transfers. Principals announce their transfers simultaneously. This game has many equilibria; Bernheim and Whinston ([1]) prove that the action chosen in the coalition-proof equilibrium is e±cient. The coali...

Successful negotiators look beyond a purely utilitarian view. We propose a new agent architecture that integrates the utilitarian, information, and semantic views allowing the definition of strategies that take these three dimensions into account. Information-based agency values the information in dialogues in the context of a communication language based on a structured ontology and on the not...

A general model of dynamic common agency with symmetric information is considered. The set of truthful Markov perfect equilibrium payoffs is characterized and the efficiency properties of the equilibria are established. A condition for the uniqueness of equilibrium payoffs is derived for the static and the dynamic game. The payoff is unique if and only if the payoff of each principal coincides ...