microeconomicsandbehaviour.blogspot.com

Microeconomics and Behaviour

The Golden Rule gets an airing. From a report on a repossession hearing in County Mayo. The day’s sitting began in bizarre fashion with a Liam Mac Coisteala reading a Papal decree to the court, which he called the ‘Supreme Directive of Pope Francis’. He referred to a quote from Pope Francis, himself quoting the Gospel of Matthew: “Let us remember the Golden Rule: ‘Do unto others as you would have them do unto you’.”. 8220;This rule points us in a clear direction,” quoted Mr Mac Coisteala. Here is a link.

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Microeconomics and Behaviour | microeconomicsandbehaviour.blogspot.com Reviews

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The Golden Rule gets an airing. From a report on a repossession hearing in County Mayo. The day’s sitting began in bizarre fashion with a Liam Mac Coisteala reading a Papal decree to the court, which he called the ‘Supreme Directive of Pope Francis’. He referred to a quote from Pope Francis, himself quoting the Gospel of Matthew: “Let us remember the Golden Rule: ‘Do unto others as you would have them do unto you’.”. 8220;This rule points us in a clear direction,” quoted Mr Mac Coisteala. Here is a link.

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Microeconomics and Behaviour | microeconomicsandbehaviour.blogspot.com Reviews

https://microeconomicsandbehaviour.blogspot.com

The Golden Rule gets an airing. From a report on a repossession hearing in County Mayo. The day’s sitting began in bizarre fashion with a Liam Mac Coisteala reading a Papal decree to the court, which he called the ‘Supreme Directive of Pope Francis’. He referred to a quote from Pope Francis, himself quoting the Gospel of Matthew: “Let us remember the Golden Rule: ‘Do unto others as you would have them do unto you’.”. 8220;This rule points us in a clear direction,” quoted Mr Mac Coisteala. Here is a link.

INTERNAL PAGES

microeconomicsandbehaviour.blogspot.com

1

Microeconomics and Behaviour: Tit-for-Tat

http://microeconomicsandbehaviour.blogspot.com/2010/11/tit-for-tat.html

Tit-for-tat is one the simplest strategies when faced with a prisoner’s dilemma type situation. The only simpler strategies would be the pure strategies of “always cooperate” and “always defect”. Neither of these will be very successful. Has a simple basic concept. A player using this strategy will initially cooperate, then respond in kind to an opponent's previous action. If the opponent previously was cooperative, the player is cooperative. If not, the agent is not. In a sport league points are accumul...

2

Microeconomics and Behaviour: Nice guys finish first

http://microeconomicsandbehaviour.blogspot.com/2010/11/nice-guys-finish-first.html

Nice guys finish first. This follows on from our discussion of the Prisoner's Dilemma. When does it pay to cooperate and when does it pay to defect. Will mutual cooperation ever occur when it is in the collective interest to do so but individually each person has the incentive to defect? Richard Dawkins wrote a book published in 1976 called The Selfish Gene. Arguing that natural selection and evolution means that self-interested genes dominate and lead to the extinction of more altruistic genes.

3

Microeconomics and Behaviour: Is altruism simply self-interest in disguise?

http://microeconomicsandbehaviour.blogspot.com/2013/10/is-altruism-simply-self-interest-in.html

Is altruism simply self-interest in disguise? This is an interest piece from the BBC on altruism and self-interest. In 1968, an academic almost unknown in the UK walked into University College London and presented its staff with an equation so remarkable, that they offered him an honorary position and the keys to his own office. Why do we show kindness to others even at a cost to ourselves? Read the whole thing. Posted by Seamus Coffey. Labels: Part One: Introduction. Part Two: The Individual.

4

Microeconomics and Behaviour: Anglo Irish bondholders face dilemma

http://microeconomicsandbehaviour.blogspot.com/2010/11/anglo-irish-bondholders-face-dilemma.html

Anglo Irish bondholders face dilemma. In the classic game theory case of the prisoner’s dilemma, two parties can either co-operate for some mutual gain, or each can sell out the other in the hope of a higher individual reward – but with the risk of losing everything if the other beats them to it. This is the choice facing Anglo Irish junior bondholders when they vote this Friday on an exchange offer that, if approved, would see them receive just 20 per cent of the face value of their bonds.

5

Microeconomics and Behaviour: Broken Window Thinking

http://microeconomicsandbehaviour.blogspot.com/2010/11/broken-window-thinking.html

Posted by Seamus Coffey. Labels: Part Two: The Individual. Subscribe to: Post Comments (Atom). Part Two: The Individual. Part Three: The Group. View my complete profile. Picture Window template. Powered by Blogger.

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Microeconomics and Behaviour

The Golden Rule gets an airing. From a report on a repossession hearing in County Mayo. The day’s sitting began in bizarre fashion with a Liam Mac Coisteala reading a Papal decree to the court, which he called the ‘Supreme Directive of Pope Francis’. He referred to a quote from Pope Francis, himself quoting the Gospel of Matthew: “Let us remember the Golden Rule: ‘Do unto others as you would have them do unto you’.”. 8220;This rule points us in a clear direction,” quoted Mr Mac Coisteala. Here is a link.

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