Complex Games Lead To Irrational Decision Making In Games And Markets - Science News - redOrbit
They went on to note that their findings could apply not only to enjoyable pastimes like games, but to financial trading on stock markets as well.
Thursday, January 31, 2013
Wednesday, January 9, 2013
imagined networks: cybernetics and politics
imagined networks: cybernetics and politics
"I’ve read a little about the Cybersyn project implemented during Allende’s socialist government in Chile from 1971-1973. It attempted to control the Chilean economy from a central electronic top-down command center that could respond instantaneously to the various workings of Chilean industrial production—using Telex machines, it wanted to keep track of individual machine failings, worker productivity, etc, and to use these things to statistically forecast and model the Chilean economy. This top-down modeling happened, crucially, from a national command center—literally a room—where the information was directed, compiled, and acted upon by analysts working for the Chilean government. Real-time response gave these data points flow."
"I’ve read a little about the Cybersyn project implemented during Allende’s socialist government in Chile from 1971-1973. It attempted to control the Chilean economy from a central electronic top-down command center that could respond instantaneously to the various workings of Chilean industrial production—using Telex machines, it wanted to keep track of individual machine failings, worker productivity, etc, and to use these things to statistically forecast and model the Chilean economy. This top-down modeling happened, crucially, from a national command center—literally a room—where the information was directed, compiled, and acted upon by analysts working for the Chilean government. Real-time response gave these data points flow."
Wednesday, January 2, 2013
Coase: Are Economists Becoming Irrelevant?
Coase: Are Economists Becoming Irrelevant?
"Coase is a guiding force behind the New Institutional Economics. NIE is an interdisciplinary enterprise combining economics, law, organization theory, political science, sociology and anthropology to understand the institutions of social, political and commercial life. It borrows from various social-science disciplines, but its primary language is economics. NIE’s goal is to explain what institutions are, how they arise, what purposes they serve, how they change and how – if at all – they should be reformed. In addition to Coase, Oliver E. Williamson, Elinor Ostrom and Douglass North are founding members."
"Coase is a guiding force behind the New Institutional Economics. NIE is an interdisciplinary enterprise combining economics, law, organization theory, political science, sociology and anthropology to understand the institutions of social, political and commercial life. It borrows from various social-science disciplines, but its primary language is economics. NIE’s goal is to explain what institutions are, how they arise, what purposes they serve, how they change and how – if at all – they should be reformed. In addition to Coase, Oliver E. Williamson, Elinor Ostrom and Douglass North are founding members."
P2P Foundation » Blog Archive » A key feature of peer production: How a Stigmergy of Actions Replaces Representation of Persons
P2P Foundation » Blog Archive » A key feature of peer production: How a Stigmergy of Actions Replaces Representation of Persons
"“Stigmergy is a mechanism of indirect coordination between agents or actions. The principle is that the trace left in the environment by an action stimulates the performance of a next action, by the same or a different agent. In that way, subsequent actions tend to reinforce and build on each other, leading to the spontaneous emergence of coherent, apparently systematic activity. Stigmergy is a form of self-organization. It produces complex, seemingly intelligent structures, without need for any planning, control, or even direct communication between the agents. – Wikipedia"
"“Stigmergy is a mechanism of indirect coordination between agents or actions. The principle is that the trace left in the environment by an action stimulates the performance of a next action, by the same or a different agent. In that way, subsequent actions tend to reinforce and build on each other, leading to the spontaneous emergence of coherent, apparently systematic activity. Stigmergy is a form of self-organization. It produces complex, seemingly intelligent structures, without need for any planning, control, or even direct communication between the agents. – Wikipedia"
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