The death of John and Alicia Nash on 23 May brought attention to game theory and the Nash Equilibrium, which offer insights into resolving the problems of today’s world. As The Economist succinctly says: “In the real world of less-than-perfect competition, a “Nash equilibrium” may well be stable, but not optimal.” Game theory shows that …
Continue reading What happens when you destabilise a suboptimal system? It implodes.
Category:3 The World of Money
Three things parents must teach children: money, food, autos
The following piece by Leah Holstein on Funderstanding is a simple, fun admonition with some helpful links. Enjoy the read or just note the message: Teach children about finances, cooking and cars because they are essential skills for life which are not taught at school
The trouble with being rich is … family!
Of course, there’s really no trouble with being rich, but … family is where issues arise because that’s what’s usually neglected. If you made it you probably had to work hard which took you away from your family. Whether you made or received it, you probably have responsibilities which you feel take you away from …
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Good people are dying. It’s going to get worse before it gets better.
Tension is rising is the USA. Two US police officers were shot dead in Mississippi. Last week.a New York police officer was shot in the head while questioning a suspect from his police car. And riots bubbled in Baltimore after a suspect died in police custody. The mood is confused and angry. The issue is …
Continue reading Good people are dying. It’s going to get worse before it gets better.
Facebook, like Google, reduces our ability to think. Now scientifically proven!
It’s not as though it wasn’t expected. The behaviour and algorithms users and social media networks are intended to filter ideas to suit our individual perspective. That’s a major reason people use the big engines like Google and Facebook. But that behaviour encourages groupthink. The user only clicks on stories and links that match their …
Continue reading Facebook, like Google, reduces our ability to think. Now scientifically proven!
UK Election Exposes Shocking Social Chasm
It happens that as the UK goes to the polls today many marginal constituencies are based in rural areas and expose an unexpected economic vacuum throughout the economy. The numbers are striking. Very wealthy people live next to swathes of people surviving on charity who would rather work but jobs are scarce and low paid. …
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Yoga In Ireland – groundbreaking analysis of market and practitioner behaviour.
Check out Pam’s article, The Irish Yoga Market, published in Yoga Therapy Ireland Magazine, Spring 2015. Pam’s ground breaking research acquired raw data on the yoga market in Ireland which was previously unavailable and focuses on why people do yoga. The research included lengthy interviews with a number of teachers and leading yoga entrepreneurs, plus a …
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Sapiens: Thinking, Stories and Ignorance, then choosing to die.
Yuval Harari’s brief history of humankind, weighing in at a meaty 400 pages, is enjoyable, provocative and very worrying. The wide-ranging, scholarly story is easy to read and sensible. I enjoyed the book from beginning to end, though I had to restrain myself from skipping to the last chapter: The End of Homo Sapiens. For …
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Maybe system change will just be funny …
It sometimes difficult to be aware of what’s going on in the world because they’re not happy thoughts. This time last week I was hearing about the dark web and bad pharma from a friend, Howard. He runs a small cloud computing business with 30 million units invested in the technology and deals with a …
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Social, economic, intellectual capital and the memes of society: expectations determine wealth.
The emerging science of memes hold the key to modern business success. Be a part of a growing meme and you win. That is the aim of leading marketers. What is a meme? It is culture. How do you measure it? Using social, economic and intellectual measures against a backdrop of psychology. Getting data is …
Continue reading Social, economic, intellectual capital and the memes of society: expectations determine wealth.