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June 2017

Anna Mahtani (LSE): “Betting scenarios and dilation”

14 June 2017, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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Abstract: TBC   #LSEChoiceGroup

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September 2017

John Worrall (LSE): “Placebo versus Active Controlled Clinical Trials: the FDA’s folly?”

27 September 2017, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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Suppose that a treatment T for some medical condition C is already available and is universally recognized to be effective; and suppose that some new treatment T´ for that same condition C is under investigation. From the scientific point of view (that is, laying aside pragmatic issues such as, perhaps, the relative cost of the two treatments) there would, it seems, be no interest in testing the experimental treatment T´ against placebo. What the physician wants to know is whether T´ is better than (or, at any rate, at least as good as) the already-known-to-be-effective T not whether it is merely better than placebo. Accordingly, trials on T´ should, one would have thought, be “active-controlled” (meaning that those in the control group receive the active treatment T) rather than “placebo-controlled”. (There also seem to be clear ethical objections to conducting placebo-controlled trials in such a situation since those in the control group in such trials are knowingly given a treatment that is less effective than another available treatment.)

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October 2017

Jake Nebel (NYU): “An Intrapersonal Addition Paradox”

11 October 2017, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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Abstract: I present a new problem for those of us who wish to avoid Parfit's repugnant conclusion. The problem is an intrapersonal, risky analogue of Parfit's mere addition paradox. I present the problem, consider and reject some solutions, and conclude by stating my preferred solution. The problem is important for three reasons. First, it highlights new conditions at least one of…

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LSE PhD Student Session: Nicolas Cote & David Kinney

18 October 2017, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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Nicolas Cote (LSE): “Weakness of Will and the Measurement of Freedom” Abstract: Weakness of will often seems to get in the way of free choice. In a wide range of situations, ranging from serious cases of depression and drug addiction to more mundane cases of weakness of will, it is clear that deficiencies of willpower make certain courses of actions…

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Alison Fernandes (Warwick): “Deliberative Approach to Causation” (joint meeting with the LJDM, held at UCL)

25 October 2017, 5:30 pm6:15 pm
UCL Psychology Dept., Room 313, Psychology Dept, UCL, 26 Bedford Way
London, WC1H 0AP United Kingdom
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Abstract: Fundamental physics makes no clear use of causal notions; it uses laws that operate in relevant respects in both temporal directions and that relate whole systems across times. But by relating causation to evidence, we can explain how causation fits in to a physical picture of the world and explain its temporal asymmetry. This paper presents a deliberative account…

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November 2017

Max Steuer (LSE): “Expertise in Well-Defined Problems and Expertise in Ill-Defined Problems in Economics”

1 November 2017, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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Abstract: This paper argues that while expertise in ill-defined economic problems benefits from some level of expertise in well-defined problems, the two kinds of expertise are not the same.  Expertise in ill-defined problems requires different skills.  It is important for applied economics to understand the relationship between ability in well-defined economic problems and ill-defined problems as many economic policy issues…

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Alex Voorhoeve (LSE): “Egalitarianism under Ambiguity”

8 November 2017, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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Abstract: Decision-makers are in an ambiguous situation when they are not in a position to assign precise probabilities to all of the relevant possible outcomes of their actions. Such situations are common – novel medical treatments and policies addressing climate change are two examples. Many people respond to ambiguous situations in a cautious, or ambiguity-averse manner, and there are good reasons…

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Thomas Ferretti (LSE): “Rawls’ indexing problem: Which combination of social primary goods can maximize the freedom of the least well-off?”

15 November 2017, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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Abstract: Rawls proposes that public institutions should maximize the freedom of the least well-off by distributing social primary goods. But if one can easily understand how to maximize one good like income, things get more difficult when it comes to maximizing the value of a bundle of many different goods. I will argue that, within the restricted settings of Rawls’…

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Bryan Roberts (LSE): “The Mechanics of Markets”

22 November 2017, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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Many philosophers and economists have concluded that the models of economics and finance are strictly inaccurate. This paper argues on the contrary that techniques from physics, and especially classical mechanics, can be used to accurately represent the microdynamics of financial markets. I give a number of simple examples to illustrate this approach to econophysics to newcomers, and then propose a general Hamiltonian framework for quantitative finance from first principles.

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Remco Heesen (Cambridge): “Statistical Biases in Peer Review”

29 November 2017, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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Abstract: Various biases are known to affect the peer review system, which is used to judge journal articles for their suitability for publication and grant proposals for their suitability for funding. These biases are generally attributed to cognitive biases held by individual peer reviewers. For example, gender bias in peer review is explained by the (explicit or implicit) gender bias…

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January 2018

Mike Otsuka (LSE): “Reciprocity versus Redistribution: The Case of Collective Pensions”

10 January 2018, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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Abstract: Pensions involve transfers from those who are young, healthy, able-bodied, and productive to those who are elderly, infirm, and out of work. Are these justified as redistributive transfers between distinct individuals – from those who are lucky to others who are unlucky – in order to eliminate brute luck unfairness? Or are they justified on grounds of reciprocity involving…

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Hugh Mellor (Cambridge): “Chances and Conditionals”

17 January 2018, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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In a projected book, "Most Counterfactuals Are False", Alan Hájek infers the truth of its title from the ubiquity of chance. I argue in this talk that he is wrong: the ubiquity of chance does not verify his title: chances do not falsify counterfactuals. Single-case chances are perfectly consistent with determinism, i.e. with hidden variables that make relevant counterfactuals safe (i.e. truth-preserving). Not even indeterminism enables chances to stop these counterfactuals being safe and, for some values of the chances, knowably so.

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LSE PhD Student Session: Silvia Milano & Christina Easton

24 January 2018, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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Silvia Milano: “Bayesian Beauty” Abstract: The Sleeping Beauty problem has attracted considerable attention in the literature as a paradigmatic example of how self-locating uncertainty `creates havoc' for standard Bayesian principles of Conditionalisation and Reflection. Furthermore, it is also thought to raise serious issues for diachronic Dutch Book arguments. I show that, contrary to the consensus view, it is possible to…

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Anneli Jefferson (Birmingham): “Moral self image and moral decision making”

31 January 2018, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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Our moral decisions and actions are guided by what we take to be morally permissible and impermissible. In this talk I consider another factor which may affect both our judgment of moral permissibility and our moral conduct, our moral self-image. In particular, I ask whether a positive view of our own moral character traits is conducive to making good moral decisions and acting well. I discuss arguments from self-consistency that support this hypothesis. I then turn to the bias known as the better than average effect, and argue that our need for a positive moral self-image can lead us to be insensitive to evidence that we are acting immorally. The belief that we are morally superior facilitates unwarranted complacency and can lead to warped moral judgment via mechanisms of self-justification. This danger is particularly high when moral self-descriptions and evaluations of behaviour are very abstract. Very concrete moral self-ascriptions on the other hand are likely to have a positive effect. I conclude that while a positive moral self-image can be of limited benefit under tightly circumscribed conditions, it will in many cases be detrimental to moral judgment and conduct.

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February 2018

Teruji Thomas (Oxford): “The Veil of Ignorance Revisited”

7 February 2018, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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The rough idea of what I call "the veil of ignorance principle" is to identify the moral or "social" point of view with the point of view of a self-interested individual who is uncertain of his or her own identity. In conjunction with expected utility theory (EUT), such a principle was suggested by Harsanyi and others as validating an additive "utilitarian" aggregation rule; more generally, it suggests a systematic correspondence between norms of individual rationality and those of social choice. But it has generally been obscure how to properly formulate this principle, and whether it has any plausible justification.

In this talk, I show how three normatively natural axioms are jointly equivalent to a precise evaluative version of the veil of ignorance principle. I will also explore the resulting correspondence between individual and social evaluation, focusing on two issues. First, it is puzzling that an argument for "utilitarianism" should rely on EUT, since none of the latter's axioms seems central to the utilitarian project. We show that one can go almost all the way using (ex ante) Pareto and (ex post) impartiality instead. Second, I will discuss how basic issues of population ethics correspond, behind the veil, to what I call the "risky existential question": how should one evaluate an individual's prospects when there is only a chance that he or she will exist? Some initially plausible answers to this question generate untenable views in population ethics; perhaps the most plausible package overall validates a general form of total utilitarianism.

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LSE PhD Student Session: Chloé de Canson & Bastian Steuwer

14 February 2018, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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PhD students Chloé de Canson and Bastian Steuwer present their work to the LSE Choice Group.

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Wulf Gaertner (Osnabrück) & Lars Schwettmann (Wittenberg): “Bargaining over Losses”

28 February 2018, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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We conduct a lab-experimental study of bargaining over the distribution of monetary losses. Groups of four participants who are differently endowed in terms of real money must agree, as a group, on the contribution each participant will make to cover a financial loss imposed on this group. The study sheds light on burden sharing and what loss allocation rules groups adopt. The rule to share the loss in proportion to the initial endowment which was found in experiments dealing with bequest or bankruptcy receives only little support in our experiments. The constrained equal awards rule and a rule that we conceived, a rule that focuses on an equal share of the total loss and a weighted difference between the own initial endowment of a player and the average endowment over all players, get much more support. We introduced several variations of our basic game. One variant which stages a knowledge quiz at the beginning of the experiment, shows in comparison with the base game (a) that the most successful player tends to offer less and (b) that the other players seem to honour this player’s success.

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March 2018

Sarah Moss (Michigan): “Probabilistic Knowledge and Legal Proof”

7 March 2018, 5:30 pm7:00 pm
Room 1.03, Bush House, North-East wing, Strand Campus, King's College London
London, WC2R 2LS United Kingdom
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This talk applies probabilistic knowledge to problems in legal and moral philosophy. I begin by arguing that legal standards of proof require knowledge of probabilistic contents. For instance, proof by a preponderance of the evidence requires the factfinder to have greater than .5 credence that a defendant is liable, and also requires this probabilistic belief to be knowledge. Proof of guilt beyond a reasonable doubt requires knowledge of a significantly stronger content. The fact that legal proof requires knowledge explains why merely statistical evidence is insufficient to license a legal verdict of liability or guilt. In addition to explaining the limited value of statistical evidence, probabilistic knowledge enables us to articulate epistemic norms that are violated by acts of racial and other profiling. According to these norms, it can be epistemically wrong to infer from statistics that a person of Mexican ancestry is likely undocumented, for instance, even when inferring parallel facts about ordinary objects is perfectly okay.

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Constanze Binder (Erasmus, Rotterdam): “Walking a Mile in Your Shoes: an Escape from Arrovian Impossibilities”

14 March 2018, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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This paper explores approaches to comparative justice (Sen, 2009) by drawing on Social Choice Theory. We introduce a procedure to correct for the influence of unquestioned parochial values on individual justice rankings: individuals are put into the position of other members of society allowing them to question (and possibly change) their justice ordering. In a first step, it is shown under which conditions this procedure leads to a domain restriction such that majority rule yields a social justice ordering. In a second step, it is examined how the introduced procedure can be used to distinguish between "reasoned" and "unreasoned" agreement. The paper concludes with a discussion as to how the findings cast doubt on the unqualified acceptance of the (weak) Pareto condition.

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April 2018

LSE PhD Student Session: Joe Roussos & Camilla Colombo

25 April 2018, 5:30 pm7:00 pm
LAK 2.06, Lakatos Building
London, WC2A 2AE United Kingdom
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Abstracts TBA

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