[p2p-research] Resilience and scale invariance

[Stan Rhodes]

The alternative currency movement does not necessarily pay that much
attention to economics, and practically no one in any walk of life
pays attention to behavioral economics--its implications are very
counter-intuitive and often undermine established methods of doing
things.  I assume if you're a fan of Taleb then you're also familiar
with Daniel Kahneman, Richard Thaler, et al.  I've mentioned them
before in emails, but I don't think you were part of the list back
then.  I wish I had more time to write about it, but most of the
research is quite accessible.

I would also strongly recommend reading some of his studies with N Mazar:
http://www.rotman.utoronto.ca/facbios/file/Mazar_Dishonesty_forthcomingJMR.pdf

They not only test people in various scenarios, they then test
people's ability to predict the experimental subjects' performance.
Turns out, we don't do what we think we do.

If you want to puzzle your mind yet more, consider the explorations here:
http://www.edge.org/3rd_culture/thaler_sendhil08/class5.html

Good luck,
-- Stan

On Sat, Apr 18, 2009 at 12:44 PM, Ryan Lanham <rlanham1963 at gmail.com> wrote:
> Interesting goal for sustainable ops...scale invariance...p2p should tend to
> optimize for this.
>
> http://globalguerrillas.typepad.com/globalguerrillas/2009/04/resilient-communities-and-scale-invariance.html
>
> Marc, in your flows concept, does scale matter?  I'm reading Hy Minsky now
> on John Maynard Keynes, and he spends a lot of time discussing scale in
> various ways.
>
> Also, Dan Ariely, in Predictably Irrrational discusses the fact that theft
> is a greater issue in tokens than in cash systmes (2nd to last chapter).
> Haven't seen that line developed re: alternative currencies / open money.
> He seems to suggest tokens aren't perceived as "real" and therefore are less
> likely to trigger moral barriers.
>
> Ryan Lanham
>
>
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