If coalitional game theory is setting as a cornerstone to resolve the problem of multilateral cooperation in a world instantly communicating across geographical frontiers, then an artistic application to soften the hard edge of mathematical logic might be welcome. And if this art borrows from the logic and history of…

If, according to Keynes, we should be only working 15 hour weeks by now, then it would appear a shift in the meaning of a “working shift” is necessary — aligning ideas we can move or change by literally shifting the preconception of “work”. For example, there is “hard work”…

Any serious analysis of modern game theory can’t look beyond John Von Neumann and Oskar Morgenstern’s ground-breaking Theory of Games and Economic Behavior (1944), for a definitive mathematical explanation of human economic interaction. Von Neumann provided the mathematical proofs, Morgenstern the economic theory. It’s noteworthy in this regard Morgenstern attended…

John Forbes Nash Jr.’s “The Bargaining Problem” (1950) sets a reasonable desiderata stated as axioms to be satisfied for an important and unexpected conclusion, derived by clear and unassailable mathematical reasoning (according to Kuhn and Nasar, in their biography, “The Essential John Nash”). The most controversial of these axioms is…

Despite the US dollar coming off the gold standard in 1971, there persists even today a belief that money has to be “backed” by something to hold value. This applies to bitcoin, where some claim bitcoin is backed by energy, math, or computing power: rather, it is grammatically precise to…

Probably the most famous example of symmetry in art is The Last Supper, by Leonardo Da Vinci: the painting is balanced and composed to draw the eye into the central figure of Jesus, and a medium capable of representing symmetry inevitably presents possibilities to symmetrical relationships between money, media, and…

In its introductory paper, bitcoin subtitles itself an electronic peer-to-peer cash system, which is not a conventional representation of cash in traditional or physical form, and so causes much discussion and debate around the transactional properties of bitcoin as measured by factors such as settlement time, fee efficiency, security, energy…

Recent writings have surmised on the proposition bitcoin is a logical extension and implementation of John F Nash Jr.’s game theory and his “Ideal Money” and Agencies method for modeling cooperative games through coalition formation. Nash’s early work in game theory resolved the problem of determination in economic interaction. Prior…

It has previously been observed (here and here) how both John Forbes Nash Jr. and Satoshi Nakamoto present as acolytes to the Italian savant Vilfredo Pareto, that an assumption can be made [Nash and Satoshi] were one in the same. The paradox of this relates to the supply side of…