The Prisoner’s Dilemma
Martin Proulx recently attended Simon Bennett’s presentation on Game Theory and Contracting. Martin related with interest the games that Simon used to illustrate the need for better contracting process between parties, specifically three games: The Prisoner’s Dilemma, The Pirate’s Game and The Bidding Game. I wasn’t able to attend the event so I don’t know [...]
Brittle Contracts
David Dobrin (of The Applicator fame) wrote recently on the topic of brittle applications. He defines a brittle application as “one that doesn’t work unless a lot of disparate conditions are met.” In thinking about his description of MS-Word, I was struck by the concept that many contracts I encounter are brittle as well. To [...]
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