Reciprocity as a foundation of financial economics

This paper argues that the subsistence of the fundamental theorem of contemporary financial mathematics is the ethical concept ‘reciprocity’. The argument is based on identifying an equivalence between the contemporary, and ostensibly ‘value neutral’, Fundamental Theory of Asset Pricing with theories of mathematical probability that emerged in the seventeenth century in the context of the ethical assessment of commercial contracts in a framework of Aristotelian ethics. This observation, the main claim of the paper, is justified on the basis of results from the Ultimatum Game and is analysed within a framework of Pragmatic philosophy. The analysis leads to the explanatory hypothesis that markets are centres of communicative action with reciprocity as a rule of discourse. The purpose of the paper is to reorientate financial economics to emphasise the objectives of cooperation and social cohesion and to this end, we offer specific policy advice

Technology-rich learning environments to support emotional regulation: a case study of the relationship between physician regulation and patient coping

Division C - Section 3b Poster Session: E-Learning and Student Activities and OutcomesConference Theme: Education and Poverty: Theory, Research, Policy and PraxisLearning to monitor and regulate one’s emotions in an academic setting is a task that all students must engage in. A unique characteristic of medical education programs is that medical students must learn to regulate their own emotions simultaneously with the task of also understanding and managing their patients’ emotions when learning to communicate bad news. A TRE was designed to connect Canadian and Chinese medical students with tutors in Hong Kong and Canada to explore the relationship between patient coping styles and emotion regulation while delivering bad news. This study shows this TRE to be a feasible prototype for fostering positive patient-physician communication during the disclosure of bad news.link_to_OA_fulltex