Dear Readers, The long expected and well overdue day has finally come. Chapel Hill is unmasked. The longest “two weeks” of our lives are over. Although by the time I arrived at Chapel Hill the worst of Covid-19 had already passed by, I was doubtful that the pandemic policies of…
For policymakers, game theory has two main functions. First, it provides a framework for taking a complex social situation and boiling it down to a model that is manageable. Second, it provides methods for extracting insights from that model regarding how people do behave or how they should behave. Consider…
In the United States, one often hears the following rejoinder from a certain brand of center-right politician: “government should be run like a business.” Typically this just means that elected officials should be more hawk-eyed in the quest to cut waste and make government run more efficiently. It could also…
