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"Prudence"
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Pedagogical Prudence as a Attitude of Teacher and Educator. the Reinterpretation of the Aristotelian-Thomist Concept of the Prudentiae Politicae in the Context of Pedagogical Practice
In this article, I would like to attempt to reinterpret political prudence – a key skill for political action according to classical philosophy (Aristotle and Thomas Aquinas) – as a useful and even necessary skill for educators and teachers. This reinterpretation is made possible primarily by the fact that a significant part of the political works of classical authors is concerned with the upbringing and education of children and adolescents.
Journal Article
Miss Crandall's school for young ladies and little misses of color : poems
Poets Elizabeth Alexander and Marilyn Nelson tell the story of Prudence Crandall's school for African American girls opened in 1833.
Book
Higher Order Risk Attitudes, Demographics, and Financial Decisions
We study the prevalence of the higher order risk attitudes of prudence and temperance in an experiment with a large demographically representative sample of participants. Under expected utility, prudence and temperance are defined by a convex first, and concave second, derivative of the utility function, and have direct implications for saving behaviour and portfolio choice. In the experiment, participants make pairwise choices that distinguish prudent from imprudent, and temperate from intemperate, behaviour. We correlate individuals' risk aversion, prudence, and temperance levels to their demographic profiles and their financial decisions outside the experiment. We observe that the majority of individuals' decisions are consistent with risk aversion, prudence, and temperance. Prudence is positively correlated with saving, as predicted by precautionary saving theory. Temperance is negatively correlated with the riskiness of portfolio choices.
Journal Article
Practical Wisdom: Management's No Longer Forgotten Virtue
The ancient virtue of practical wisdom has lately been enjoying a remarkable renaissance in management literature. The purpose of this article is to add clarity and bring synergy to the interdisciplinary debate. In a review of the wide-ranging field of the existing literature from a philosophical, theological, psychological, and managerial perspective, we show that, although different in terms of approach, methodologies, and justification, the distinct traditions of research on practical wisdom can indeed complement one another. We suggest a conciliatory conception of the various features of practical wisdom in management. This we take as a point of departure for a discussion of the significant implications of the subject for the theory and practice of management and for the direction of further research in the field.
Journal Article
Epistemic justice: An ethical basis for transdisciplinary and transformative sustainability research
Abstract The idea of epistemic justice can help to resolve tensions between different ethical motivations in the transdisciplinary and transformative research literature as to why extra-scientific knowledge holders need to be included in knowledge production processes.Justice
is the social mission and the ethical motivation for knowledge production in the sustainability sciences. To support transformations towards more just societies, alternative forms of knowledge production are needed that include the contributions of extra-scientific knowledge holders. The paper
identifies inherent tensions within the literature on transdisciplinary and transformative research (TDTR) between different ethical motivations for involving these knowledge holders. Some point to justice claims derived from the social mission of TDTR; others emphasise forms of justification
described in this paper as epistemic prudence. However, it is possible to resolve these tensions by referring to the idea of epistemic justice. The paper introduces this idea to reconstruct ethical intuitions within TDTR. In doing so, it invites TDTR practitioners to critically rethink their
ethical motivations in order to advance work on the normative foundations of TDTR.
Journal Article
The Gift of Counsel, Infused Prudence, and the Natural Law
This article deals with the Gifts of the Holy Spirit, with infused prudence, and with the natural law. Prudence has an intimate connection both with the natural law and with the Gift of Counsel, and is thus pivotal to the argument made. In brief, it is argued that the Gift of Counsel perfects reason’s grasp of the demands of the natural law. This Gift, which proportions the believer to the
of the Holy Spirit, guides him in all that pertains the attainment of ultimate beatitude. It does so, moreover, by actually enhancing human freedom rather than by undermining it. In order to make this argument, this article, in the first instance, turns to a treatment of the content of natural reasoning, dealing in particular with the primary and secondary precepts of the natural law.
Journal Article
CONSISTENCY OF HIGHER ORDER RISK PREFERENCES
Risk aversion (a second-order risk preference) is a time-proven concept in economic models of choice under risk. More recently, the higher order risk preferences of prudence (third-order) and temperance (fourth-order) also have been shown to be quite important. While a majority of the population seems to exhibit both risk aversion and these higher order risk preferences, a significant minority does not. We show how both risk-averse and risk-loving behaviors might be generated by a simple type of basic lottery preference for either (1) combining \"good\" outcomes with \"bad\" ones, or (2) combining \"good with good\" and \"bad with bad,\" respectively. We further show that this dichotomy is fairly robust at explaining higher order risk attitudes in the laboratory. In addition to our own experimental evidence, we take a second look at the extant laboratory experiments that measure higher order risk preferences and we find a fair amount of support for this dichotomy. Our own experiment also is the first to look beyond fourth-order risk preferences, and we examine risk attitudes at even higher orders.
Journal Article