Exploring 'compellingness' in mechanism design

Consider an auction. You have two types of main protagonists or agents: a seller (or auctioneer) and many potential buyers. There are, of course, certain ground rules. For instance, one objective may be to design the auction ...

What 'alien' languages can teach us about real ones

You can learn a lot about an animal by how it communicates. Birds tweet melodies to attract mates and defend their territory. Dogs befriend each other with wagging tails and smelly pheromones. Even plants communicate by diffusing ...

For a smooth-running economy, rule of law matters

Countries in which courts more easily enforce contracts see less economic volatility overall than nations that don't adhere as well to the rule of law. That's the finding from a study by a finance researcher at The University ...

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