Archive for August 6th, 2012

Making Game theory a fun thing…

August 6, 2012

I have never really understood anything in game theory except the basic Prisoner’s game. Even in that am not sure whether have understood the right lessons.

Avinash Dixit  in this paper talks about restoring fun to game theory. This paper is oldish and written in 2004. But still could be used as a probable  answer to Prof. Ariel Rubenstein who says Game theory is much hyped.

(more…)

Advertisements

Why nations fail logic applies to cities as well..Case of Eden vs Concord Cities in North Carolina

August 6, 2012

Thanks to the whynationsfail blog (not read the book yet) and its several case studies, one has some clarity over role of institutions in development. Though, am not  sure whether institutions is alone what matters to development despite the Acemoglu/Robinson duo arguing forcefully that instis is what matters.

So, am not arguing that only instis matter, But one sees common threads in nations failing (and rising) in cities as well.

Anyways, here is a nice interview of Kim Zeuli of Richmond Fed. She mentions  two cities in US, both into textiles.

(more…)


%d bloggers like this: