The Prisoner’s Dilemma

The prisoner’s dilemma is a standard example of game theory. It shows why two completely rational individuals might not cooperate, even if it appears that it is in their best interests to do so. The following example was formalised by Albert W. Tucker, who coined the term the “prisoner’s dilemma”, presenting the game as follows: Two criminals are arrested and imprisoned. […]

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A User’s Guide to ‘Discussing Gilets Jaunes’

To help visualize our recent podcast on the Gilets Jaunes – here are some photos and videos that I took from the experience: pic.twitter.com/MbNNF3o6tk — Aaron White (@aaronwolfwhite) January 11, 2019 ‘2008: We Don’t Forget. Give us our money back’#GiletJaunes #ActeIX #YellowVest #Paris pic.twitter.com/tu6P5wpxBp — The Junction (@tweetthejunc) January 12, 2019 Tax Evasion + Financing […]

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The Overton Window

‘The Overton Window’ is a concept named after its originator Joseph Overton, a former member of the US based free-market Think Tank the Mackinac Centre for Public Policy. It describes the acceptable parameters of public discourse within a particular society. Overton contended that the viability of a public policy depended on its position within or […]

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An Era of Mass Automation

A report from Price Waterhouse and Coopers (PWC) divides the impact of modern technology on the labour market into three distinct temporal sections. Firstly, the Algorithmic Wave, between our current moment and the ‘early 2020s’. This will see the ‘automation of simple computational tasks’ and will mainly impact ‘data-driven sectors such as financial services’ . […]

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