In This Reading We Encounter St

question 1

True/False

In this reading we encounter St. Anselm's ontological argument for the existence of God and Gaunilo's reply. The argument goes like this: God is by definition "a being than which nothing greater can be conceived." If God, the greatest being that can be conceived, exists only in our minds, then there must be a being greater than God-that is, a God that exists in reality (an existing being is greater than an imaginary one). But this leads to a contradiction: A being greater than God is impossible. Therefore, God must exist in reality (as well as in the mind). Gaunilo replies that if Anselm's reasoning were sound, we could prove something ridiculous-namely, that the greatest island possible exists in reality.
-The most famous objection to Anselm's argument comes from Immanuel Kant.

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Definitions:

Agricultural Industry

The sector of the economy that deals with the production, processing, and distribution of food, fibers, and other goods derived from farming and related activities.

Screening

Using observable information about people to make inferences about their private information; a way to reduce adverse selection.

Adverse Selection

A situation in which asymmetrical information leads buyers or sellers to make counterproductive choices, often observed in insurance markets.

Asymmetric Information

A situation in which one party in a transaction has more or better information than the other party, often leading to an imbalance in power and possibly making the transaction inefficient.