- When Transaction Costs Collapse — As OECD researchers reported recently, 99.5 per cent of reciprocal access agreements occur informally without written contracts. Paradoxically, as competition becomes more intense or ”perfect”, it becomes indistinguishable from perfect co-operation – a neat trick demonstrated in economists’ models a century ago. Commentary prompted by an OECD report on Internet Traffic Exchange. (via Laurence Millar)
- Faked Research is Endemic in China (New Scientist) — open access promises the unbundling of publishing, quality control, reputation, and recommendation. Reputation systems for science are going to be important: you can’t blacklist an entire country’s researchers. Can you demand reproducibility?
- The Hobbit — ambitious very early game, timely to remember as the movie launches. Literally, no two games of The Hobbit are the same. I can see what Milgrom and the others were striving toward: a truly living, dynamic story where anything can happen and where you have to deal with circumstances as they come, on the fly. It’s a staggeringly ambitious, visionary thing to be attempting.
- How to Get Startup Ideas (Paul Graham) — The essay is full of highly-quotable apothegms like Live in the future, then build what’s missing and The verb you want to be using with respect to startup ideas is not “think up” but “notice.”
tags: economics, games, Internet, Paul Graham, reputation systems, research, retro, science, startups