What game theory can do is help us make sense of all these factors to find out when individuals are most likely to act in a way that goes against the best interests of the group.
California’s politicians seem to believe only some ideas are welcome—if those ideas have been “fact-checked†by the heavy hand of government-sponsored boards.
Although modern society tends to elevate certain jobs or careers above others—and garbage collection is typically not high on the list—these workers provide immense value to their communities.
Not only has Trump not been in office long enough for any of his environmental policies to have a real effect on global climate, hurricanes aren't actually any worse than they have been in the past.
Rather than a failure of the free market, the federal government was directly complicit in the mortgage market’s spectacular ramp-up and eventual collapse.
Job crafters refuse to play the role of a miserable victim as they go about adding value to others. The job constraints they face are a starting point, not a barrier.
So long as the people in charge insist on governing the financial system through rules that no individual or group of individuals can hope to master, they will continue to overlook looming crashes.
To reduce waste, most governments run communication campaigns. Unfortunately, research shows that these campaigns cause consumers to waste more, not less.