Migration towards moderation: the most boring wins
Imagine you could only interact with the other people in a small town. The personalities, interests, and hobbies that you could be exposed to are limited by geographical location. In a small population, there may be some people with fringe ideas or unusual interests, but not in great enough numbers to form dedicated communities. But … Continue reading The paradox of interconnectedness
Collective Action You are probably familiar with the prisoner’s dilemma. For those who don’t know, here’s a quick summation. The prisoner’s dilemma is the archetypical game theory situation. See the above example. If both players confess, both loose 6 points of utility. If neither confess, both loose one point of utility. But if one confesses, … Continue reading What is Social Capital?