• Game Theory


    Definition Game Theory is a method of analysing calculated circumstances where success is based on the choices of others. It is the study of mathematical models of conflict and cooperation…

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  • Europe again


    A teacher once told me. “Mr Berry, some people think you are an idiot, I suggest you don’t speak as this simply confirms it to the rest.” Ignoring this sage…

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  • The pain pleasure principle


    The philosopher Descartes wrote (I paraphrase): “Consciousness is the greatest gift of humanity, which is most actively given back.” The theory of evolution (Darwin) transformed science and explained that given…

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  • Where’s my camel?


    I have waited to write anything until the G20 Summit concluded on the off chance that something substantive would be announced, the definition of insanity being expecting a different outcome…

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  • “Talk it then walk it”


    This is a good day, markets like what they have heard from Europe and the solutions proposed covered all the main bases: Greek haircut of 50% ( about right) EFSF…

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  • State of the Union


    As I am in the US for the next ten days it seems appropriate to take a look at the various asset classes and their relative values and prospects. Interest…

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  • Dave’s big bazooka


    The soap opera that is the Eurozone debt crisis (we think it should be called either Die Nasty or Defaultnation Street, both in honour of the Greeks) produced two new…

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