They don’t have to coincide exactly with the real-world scenario they are shining a light on. Especially if the differences between the hypothetical and what it is modelling are recognized and adjusted for. No further explanation needed. All comments welcome.
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Those Who Would Give Up Liberty for Safety Deserve Neither?
No further explanation needed. All comments welcome.
If You Don’t Believe in Equality for All, I Don’t Want Your Vote?
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Is Solipsism Ridiculous?
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A Way to Tell If You Are Dreaming
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Best Use of Floorspace, Misunderstanding.
Several casinos decided against poker rooms when their research showed that slot machines make more money on the same number of square feet. But in non super crowded casinos, the poker revenue is simply extra money since it’s easy for someone to move their slot play to other spots. Plus, the poker room may bring… Continue reading Best Use of Floorspace, Misunderstanding.
Translate Mild and Moderate Annoyances Into Money
In most cases when something irritating happens to people, their emotional reaction is quite a bit greater than it would be if they lost an amount of money that coincided with the amount that it would take to fix things (or the amount that they would take in return for enduring the mishap.) Next time… Continue reading Translate Mild and Moderate Annoyances Into Money
Do Criminals Calculate EV?
No further explanation needed. All comments welcome.
Getting Past Middle Manager Roadblocks Whose Self Interest Don’t Coincide with Their Company’s
Poker’s best-selling book (Theory of Poker) was originally published by Prentice Hall but almost wasn’t. The low level editor assigned to approving it, worried what would happen if it flopped. I told him that I would shop it around, it was a big favorite to succeed, and I changed his unethical personal equation by telling… Continue reading Getting Past Middle Manager Roadblocks Whose Self Interest Don’t Coincide with Their Company’s
Is “We Will Match Competitor’s Price” Sometimes Surreptitious Price Fixing?
This is one of those ideas that I thought up myself but was later to find out that others had thought of it before me. Furthermore, there are fairly good counterarguments except when you are talking about a small town with few retailers. Still, I thought it was worth posting because it is a good… Continue reading Is “We Will Match Competitor’s Price” Sometimes Surreptitious Price Fixing?