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“contingent contracts” in the negotiation lingo, have three major benefits:6 1. They align the incentives of the parties. In the Frasier negotiation, once a ratings-based incentive is built into the contract, Paramount has a strong financial incentive to produce shows that keep the ratings up, which is exactly what NBC wants too. 2. They allow the
... See moreGuhan Subramanian • Dealmaking: The New Strategy of Negotiauctions (Second Edition)
humanity’s most intractable disagreements.
Richard Holloway • Stories We Tell Ourselves: Making Meaning in a Meaningless Universe
The take-home message from Schelling’s story—that incentives sometimes backfire—is familiar to psychologists.
Jessica C. Flack • Worlds Hidden in Plain Sight: The Evolving Idea of Complexity at the Santa Fe Institute, 1984–2019 (Compass)
This suggests a far more sophisticated understanding of “the risk/reward trade-off” and “the equity premium” than is generally accepted in the realm of modern portfolio theory, and, by extension, the EMH: Bonds are likely to get a lower return than stocks not because they are less “risky” (which in that context is even more questionably interpreted
... See moreSacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
philos can be conditional or even selfish.
Joel Manby • Love Works: Seven Timeless Principles for Effective Leaders
Recent articles embracing the benefits of human extinction include the New Yorker’s “The Case for Not Being Born,” NBC News’s “Science Proves Kids Are Bad for Earth. Morality Suggests We Stop Having Them,” and the New York Times polemic “Would Human Extinction Be a Tragedy?”
Marian L. Tupy • Superabundance: The Story of Population Growth, Innovation, and Human Flourishing on an Infinitely Bountiful Planet
John Rawls, however, was deeply suspicious of that idea. If a man is brilliant, he argued, why should he be praised for being so? He was merely fortunate for being born intelligent. If he has a strong work ethic, he just happened to win the lottery for hardworking traits. And if one boy was strong enough to survive a terrible disease and a weaker
... See moreKeith Payne • The Broken Ladder: How Inequality Changes the Way We Think, Live and Die
Aggregation Theory
Tekelala and • 9 cards