Tuesday, July 19, 2011
Alberta Oil Sands featured on "60 Minutes"
One of the world's largest oil deposits can be found right here in North America, but it is buried in the sand, as Bob Simon reports.
http://www.cbsnews.com/video/watch/?id=1225047n&tag=contentBody;storyMediaBoxBob Simon of "60 Minutes" discusses the challenge of getting to oil in the sands of Alberta, Canada.
North America's future as the New Middle East?
http://www.cbsnews.com/video/watch/?id=3506177n&tag=mncol;lst;4
Monday, July 18, 2011
Game Theory: Game of Chicken
This classic scene from the film Footloose can be used to illustrate the game of Chicken - a popular example of game theory.
Scene from the 1984 movie "Footloose". Music is "Holding Out for a Hero" by Bonnie Tyler.
"We are both heading for the cliff, who jumps first, is the Chicken".
Chicken game
James Dean and Corey Allen at cliff edge in "Rebel Without A Cause."
In a battle of nerve, two cars are accelerating toward each other form opposite ends of the same road. If one of them doesn't swerve, they will crash. How do the actors rationally respond to such a scenario?
In this Harvard Law Today interview, Robert H. Mnookin, author of Bargaining with the Devil: When to Negotiate, When to Fight, answers the question -- should you bargain with people you consider to be unethical, amoral, or otherwise harmful?
The art of doing difficult negotiations during tough economic times is the topic of discussion with Professor Robert H. Mnookin and Paul Solman on PBS News Hour.
http://www.pon.harvard.edu/daily/video-of-professor-mnookins-interview-on-pbs/
Scene from the 1984 movie "Footloose". Music is "Holding Out for a Hero" by Bonnie Tyler.
"We are both heading for the cliff, who jumps first, is the Chicken".
Chicken game
James Dean and Corey Allen at cliff edge in "Rebel Without A Cause."
In the "chickie run" scene from the film Rebel Without a Cause, this happens when Corey Allen's character cannot escape from the car and dies in the crash. The opposite scenario occurs in Footloose where Ren McCormack (Kevin Bacon) is stuck in his tractor and hence wins the game as he can't play "chicken". The basic game-theoretic formulation of Chicken has no element of variable, potentially catastrophic, risk, and is also the contraction of a dynamic situation into a one-shot interaction.
In a battle of nerve, two cars are accelerating toward each other form opposite ends of the same road. If one of them doesn't swerve, they will crash. How do the actors rationally respond to such a scenario?
In this Harvard Law Today interview, Robert H. Mnookin, author of Bargaining with the Devil: When to Negotiate, When to Fight, answers the question -- should you bargain with people you consider to be unethical, amoral, or otherwise harmful?
The art of doing difficult negotiations during tough economic times is the topic of discussion with Professor Robert H. Mnookin and Paul Solman on PBS News Hour.
http://www.pon.harvard.edu/daily/video-of-professor-mnookins-interview-on-pbs/
Saturday, July 16, 2011
Why Quantitive Easing (QE I and II) Are Not Stimulating The Economy
And Why Banks Stocks Are Depressed
Thursday, July 7, 2011
Foreign Aid and Foreign Assistance Myths
Veronique de Rugy debunks some of the myths surrounding foreign aid, using empirical studies showing that foreign aid has failed to produce steps that reduce poverty in countries like Egypt. De Rugy finds that the data shows that most of US foreign aid isn't going to the poorest countries.
Ten great myths about foreign aid: After Cameron described critics as 'hard-hearted', how your money is squandered
MYTH 1: We can afford to spend a few billion pounds to help the world’s poor
MYTH 2: We must hit the UN target to give away 0.7 per cent of our GNP in aid
MYTH 3: Aid works
MYTH 4: OK, it hasn’t worked in the past, but it will in the future
Ten great myths about foreign aid: After Cameron described critics as 'hard-hearted', how your money is squandered
MYTH 1: We can afford to spend a few billion pounds to help the world’s poor
MYTH 2: We must hit the UN target to give away 0.7 per cent of our GNP in aid
MYTH 3: Aid works
MYTH 4: OK, it hasn’t worked in the past, but it will in the future
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