But Does it Make a Difference?

Does it make a difference if you blow the red light when nobody is around?Would it have made a difference if the US boycotted the 1936 Berlin Olympics?Will it make a difference if I have another beer?Does it make a difference if we contract out this piece?Would it...

The Pinocchio Problem and AI

Pinocchio says, “My nose will grow now.” But Pinocchio’s nose only grows if he’s lying. Therefore, if his nose grows, he’s lying. Conversely, if it doesn’t, he was lying, thus making the statement true again. The AI...

The Class Action Incentive Problem

I just signed up as a claimant in (yet another) class action lawsuit. This one is against Visa and MasterCard. “The deadline for the Visa/Mastercard $5.54 billion settlement claim is approaching quickly…This settlement provides all eligible businesses the...

Pointing at Who Did It

The pilot who successfully lands the crippled airliner gets the headlines. So does the emergency room doctor who restarts the heart of a 53-year old man. As they should. These are extraordinary efforts that lead directly to saved lives. Plus, it’s easy to point...

Benevolent Monopoly

The benevolent monopoly can make life easier and better for customers. That’s why they’re benevolent. Bell Telephone, Standard Oil, and Microsoft all were benevolent monopolies. The efficiencies of their monopolies were passed on to customers in the form...

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