This week I’ve gotten quite a few letters, and I picked out one that I thought was fairly representative.
With the financial mess that we see, I think there are two problems with what you have been saying. First, hasn’t this all been hyped in the media already so we know all about it already? Second, the people in the banks and so on have a very big interest in sorting this out so why do you think that they can not or will not do it?
Daily Archives: 10 December 2007
The Game
Today is the day that the Nobel Prize in Economics is presented to the men who laid the foundation of “Game Theory”. The basic idea is that in any complex system individuals behave according to the rules and develop a strategy for winning, or at least achieving their own personal goals. From there, setting up a good economic system is nothing more complex than creating a good board game with a healthy equilibrium.
Barataria - The work of Erik Hare 