The modern anti-competition potential of the Internet Service Provider is nuclear. Far from merely an industry-siloed cartel, they control both the products and the means of discovery.
Today the FCC voted to overturn Obama-era policy that prevented Internet Service Providers from blocking or slowing access to certain web content. Chairman Ajit Pai, who spearheaded the successful campaign, argued that the repealed rules stifled competition and represented government interference in the otherwise free market. “The internet wasn’t broken in 2015. We weren’t living in a digital dystopia. To the contrary, the internet is perhaps the one thing in American society we can all agree has been a stunning success.” Continue reading “Free markets: the economic and technical arguments for strong net neutrality”
In August 2015, The Economist published an article entitled “Automation angst
” in which they explored the dichotomy of feelings about automation – one side representing the thrill of cheaper production and the other warning of an impending existential crisis. When repetitive human labor is replaced, do the laborers feel better off?
Continue reading “What is automation?”
Every once in awhile, there are really big ideas in academia, ideas that change the way we think about the world. Nash equilibrium is one of those ideas.
John Nash wrote about games where people make decisions based on the way they think other people will behave, eventually reaching an equilibrium where no individual can improve their own situation by changing. This equilibrium, however, does not mean that the entire group has achieved an optimal result.
Continue reading “Nash Equilibrium and Graph Theory”