Thursday, August 02, 2012

[xjzcpzhy] Badminton and finance

Olympic badminton offers an analogy to what went wrong in the financial system.  The participants committed immoral actions, but the system was set up to encourage such actions, greatly increasing the chances of winning.  Perhaps even, it was the only way to win.  Are those badminton players bad people?

Lessig: institutional corruption.  Different from individual corruption.

What's wrong with politics.

Game theory.

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