Today’s financial electronic markets are a result of the remarkable development in information technology during the last years. With the growth of electronization in financial markets and the establishment of new electronic trading services the design of the market structure moved in the focus of interest. Design decisions determine the market microstructure, influencing trading patterns and i...

According to a wrong interpretation of the Bell theorem, it has been repeatedly claimed in recent times that we are forced by experiments to drop any possible form of realism in the foundations of quantum mechanics. In this paper I defend the simple thesis according to which the above claim cannot be consistently supported: the Bell theorem does not concern realism, and realism per se cannot be...

Two hypothesized solutions of the mass discrepancy problem are cold dark matter (CDM) and modified Newtonian dynamics (MOND). The virtues and vices of these very different hypotheses are largely disjoint, making the process of distinguishing between them very dependent on how we weigh disparate lines of evidence. One clear difference is the nature of the principal mass constituent of the univer...

The present work aims to highlight the female image in Chinese proverbs, from cognitive perspective based on theory of metaphor and metonymy Lakoff Johnson (1986), a corpus more than two hundred examples analyzed, assessing their physical appearance, vices virtues, status family life, which cultural world has created around them. resultsof study allow following conclusions: 1) exist great discr...

INTRODUCTION Between the years 1337 and 1339, the artist Ambrogio Lorenzetti adorned the walls of the Palazzo Pubblico of Siena, Italy, with frescoes depicting allegories of good government and bad government and their effects on city and country (see Fig. 1). His imagery is lucid and effective. The “good government” fresco depicts a wise monarch surrounded by personifications of virtues such a...

In this paper, I respond to the following argument which several authors have presented. If we are culpable for some action, we act either from akrasia or from culpable ignorance. However, akrasia is highly exceptional and it turns out that tracing culpable ignorance leads to a vicious regress. Hence, we are hardly ever culpable for our actions. I argue that the argument fails. Cases of akrasia...

Among political scientists the debate about the relative virtues/vices of the different regime types has constituted one of the most incandescent fields of inquiry. Yet few studies address the impact of semi-presidentialism on the prospects for party system institutionalization, otherwise a necessary, but not sufficient, condition for the consolidation of democracy (Mainwaring and Scully, 1995;...

Environmental ethics is concerned with the articulation and defence of what I shall call 'the green belief-the belief, namely, that a fairly radical change in the way we engage with nature is imperative. Environmental virtue ethics, then, is concerned with articulating and defending the green belief in virtue ethics terms, rather than in the terms of its two rivals, utilitarianism and deontolog...