Abstract
The newer research finds that our conceptualization and reasoning are grounded in our bodily experience and shaped primarily by patterns of perception and action. We use metaphor to understand the conceptions. Conceptual structures form the basic understanding of the scenario. Holfeldian analysis provides an interpretation of the categories of different entities. The framing and schema drives people’s minds into divergent directions. Smith v. Van Gorkom case is used to interpret the cognitive process.
Highlights
Instead of seeing the mind as a disembodied computer program, the newer research reveals that our conceptualization and reasoning are grounded in our bodily experience and shaped primarily by patterns of perception and action (Lakoff & Johnson, 1999)
The newer research finds that our conceptualization and reasoning are grounded in our bodily experience and shaped primarily by patterns of perception and action
Business Judgment Rule is a presumption that in making business decision, the directors of a corporation acted on an informed basis, in good faith, and in honest belief that the action taken was in the best interests of the company (Radin, 2013)
Summary
Instead of seeing the mind as a disembodied computer program, the newer research reveals that our conceptualization and reasoning are grounded in our bodily experience and shaped primarily by patterns of perception and action (Lakoff & Johnson, 1999). This new cognitive science of the embodied mind is predicated on the assumption that there is no human conceptualization or reasoning without a functioning human brain, which operates a living human body that is continually engaging environments that are at once physical, social, cultural, economic, moral, legal, gendered, and racialized (Johnson, 2011). Board members knew the company well, that was not enough to base a finding that they had reached an informed decision, and the court held the directors of Trans Union breached their fiduciary duty to their stockholders
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