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frank smith

Welcome to FAIR OUTCOMES, INC. - 1 views

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    Welcome to the Home Page of the Fair Buy-Sell System. This system is used by joint owners of property-such as business partners, joint venturers, shareholders, and married couples-who wish to bring their joint ownership to an end on terms that are mutually acceptable and legally enforceable.

    This page allows you to access a simplified version of the system that we are offering to the public free of charge. If you are a joint owner of property and wish to use the system, or if you simply wish to run a free test to see how it works, you can do so by clicking on Issue an Invitation. To respond to another party's initiation of the System, click on Respond to an Invitation. A summary of the system and the involved process appears below.
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    A free version of Fair Outcomes bargaining system. I am going to take a deeper look latetr today/tonight
frank smith

Rock, Paper, Scissors: Game theory in Everyday Life - 0 views

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    Len Fisher's book on game theory, published 2008
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    check page 120-121
    plus the list starting on pg 196
frank smith

Fair Outcomes, Inc. - 1 views

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    Fair Outcomes, Inc. provides parties involved in disputes or difficult negotiations with access to newly developed proprietary systems that allow fair and equitable outcomes to be achieved with remarkable efficiency. Each of these systems is grounded in mathematical theories of fair division and of games.

    Our founders and staff include game theorists, computer scientists, and practicing attorneys with extensive experience in designing, administering, utilizing, and providing consulting and online services with respect to such systems.

    Further information about our company and our services may be obtained by using the contact information appearing on this page. Additional information about four of our systems can be obtained by clicking on the links appearing below:
frank smith

Gift Economies are a reaction to abundance, rather than scarcity - 0 views

This is a basic premise, which is supported by the wealth of digital resources we have at our disposal. But how to translate this reality into an abundance of physical goods?

altrusism philosophy share shareware freeware gift giving receiving gift economy

started by frank smith on 18 Jan 10 no follow-up yet
frank smith

Essay on Gift Economies - 0 views

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    This single page contains words and links related to the gift economy that have been posted here at Future Positive and at CommUnity of Minds. Also see: GIFTegrity, Read the Scientific Basis for the GIFTegrity, and the Specifications for a GIFTegrity.
frank smith

Wiki definition for Gift Economy" - 1 views

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    In the social sciences, a gift economy (or gift culture) is a society where valuable goods and services are regularly given without any explicit agreement for immediate or future rewards (i.e. no formal quid pro quo exists).[1] Ideally, simultaneous or recurring giving serves to circulate and redistribute valuables within the community. The organization of a gift economy stands in contrast to a barter economy or a market economy. Informal custom governs exchanges, rather than an explicit exchange of goods or services for money or some other commodity.
    Various social theories concerning gift economies exist. Some consider the gifts to be a form of reciprocal altruism. Another interpretation is that social status is awarded in return for the gifts.[2] Consider for example, the sharing of food in some hunter-gatherer societies, where food-sharing is a safeguard against the failure of any individual's daily foraging. This custom may reflect concern for the well-being of others, it may be a form of informal insurance, or may bring with it social status or other benefits.
frank smith

Money is not value, it is the symbol of value - 0 views

Ok, everything starts and ends with money at this point. But you can't eat it, can't sleep inside it, and by itself it can't get you from place to place. So, where does it fit in a scheme of common...

altrusism monetization money pay pay to play philosophy share shareware socialism gift economy

started by frank smith on 18 Jan 10 no follow-up yet
frank smith

Zero Sum Game - 0 views

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    In game theory and economic theory, zero-sum describes a situation in which a participant's gain or loss is exactly balanced by the losses or gains of the other participant(s). If the total gains of the participants are added up, and the total losses are subtracted, they will sum to zero. Zero-sum can be thought of more generally as constant sum where the benefits and losses to all players sum to the same value of money (or utility). Cutting a cake is zero- or constant-sum, because taking a larger piece reduces the amount of cake available for others. In contrast, non-zero-sum describes a situation in which the interacting parties' aggregate gains and losses is either less than or more than zero. Zero-sum games are also called strictly competitive.
frank smith

Free rider problem - 0 views

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    In economics, collective bargaining, psychology, and political science, "free riders" are those who consume more than their fair share of a public resource, or shoulder less than a fair share of the costs of its production. Free riding is usually considered to be an economic "problem" only when it leads to the non-production or under-production of a public good (and thus to Pareto inefficiency), or when it leads to the excessive use of a common property resource. The free rider problem is the question of how to limit free riding (or its negative effects) in these situations.
    The name "free rider" comes from a common textbook example: someone using public transportation without paying the fare. If too many people do this, the system will not have enough money to operate.
    In the context of labor unions, free rider means an employee who pays no union dues or agency shop fees, but nonetheless receives the same benefits of union representation as dues-payers. Under U.S. law, unions owe a duty of fair representation to all workers that they represent, regardless of whether they pay dues. Free riding has been a point of legal and political contention for decades.[1]
    Free riding is also a term used by brokerages when a client purchases shares beyond his or her means. Free riders are those who purchase shares and then do not pay for them.
frank smith

Wiki entry for TANSTAAFL - 2 views

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    Nice overview of the concept...
frank smith

Tanstaafl - 1 views

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    Excerpt from Heinlein's book "the moon is a harsh mistress" where the term was popularized.
  • ...1 more comment...
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    one of my all-time favorites. 'specially the part about flying in the air circulator.
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    yeah me too. kind of a retelling of the American Revolution mixed with the Australian Experience.
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    That reminds me, I used to be a REAL SciFi fan, in grad. school, and I'd like to get back to reading Heinlein's, "The Moon is a Harsh Mistress!"
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