Regardless of whether one agrees with the rationale behind Wikileaks‘ release of thousands of diplomatic cables, one certainty is that their appearance has opened a necessary debate on moral hazard’s in our own democracy. Manifesting Moral Hazard Information Asymmetry is an important concept, usually noted in transactional situations, where one…
The Guardian, along with many major news agencies around the world have been reporting the tragic story of how, “South African police chiefs have called for residents of a township near Cape Town to help track down the “useless scoundrels” who on Saturday killed a bride on honeymoon with her…
At a very fundamental level, war is about defending against a perceived or actual threat. Such aggressions have been frequently used throughout history to defend ideas, ideologies and territories- but more recently, economies. Unlike any other defence environment, the theatre of nuclear war exists in a state of near-permanent checkmate. …
Hypothetical News, 2013 “Deep in a London slum, 25 people were arrested by the authorities today for not paying their air-bill. A. Person, spokesman for air-aid said, ‘the government must act on this- it is ridiculous that we have a society where some people can afford air, and some people…
In my article of September 01st 2010 “Thinking Ourselves Into Another Recession” I discussed how psychology plays a critical role in the well-being of an economy. Using the paradigm of eating disorders, we discussed how: “…When we talk of economic confidence, business confidence, or even confidence in global markets, we…
As the Economist reported, “On September 12th the Basel Committee, a club of supervisors and bank regulators, finally reached agreement on how much extra stuffing needs to go into the cushions [of banks] to absorb losses and buffer the financial system against the next crisis.” The “Basel III” recommendations set…
Reporting on the increased perceived risk of a double-dip recession, the Huffington Posted noted how there is “..a growing sense of doom among some prominent economists“. They went on to cite Nouriel Roubini, the cofounder and chairman of Roubini Global Economics and a professor at New York University’s Stern School…
UN Dispatch reported the words of Ban Ki Moon (UN Secretary General), who visited the Pakistan floods, saying, “This has been a heart-wrenching day, and I will never forget the destruction and suffering that I have witnessed. I have visited the scenes of many natural disasters around the world, but…
At an academic level, behaviour refers to, “…the actions of an organism or system, usually in relation to its environment, which includes the other organisms or systems around as well as the physical environment. It is the response of the organism or system to various stimuli or inputs, whether internal…