A billion choices

Game theory has a lousy name. When most people think of games, they think of commercial stuff for kids, like Chutes and Ladders or possibly Monopoly. But a game is simply a system where humans, facing scarcity, make choices. Scarcity leads to choices and to competition. It turns out that our culture, our commerce and

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Education is free, learning is expensive

That’s a complete reversal of how it used to be. Colleges used to be measured by how many books they had in the library. Access to courses was restricted. If knowledge was power, controlling access was essential. They even call it the ‘admissions office.’ Part of the status that comes from higher education is that

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