We all like to win; so a cooperative game where everybody gets something 'should' be desirable for everyone who is risk-averse and diplomatic. However, risk takers prefer zero-sum games; in which there is a clear winner and loser/losers.

The Nash equilibrium is an example of a cooper

Taxes are the basis of a basic give and take between the state and its people. The people provide the state with money and the state in return gives them security. Originally this only meant security against enemies but since from the 19th century security has also meant security against disease, po

It seems that all people talk about these days is the recession. Why is this? Does ordinary Joe Bloggs really notice interest rates and global economic situations? Those who were previously oblivious to banking systems when things were going well, now seem like experts in the “economic down turn

One of the greatest sporting shows on earth is underway in South Africa. The football has so far not been as good as might have been expected but what are the benefits to the hosts? The Olympics in particular used to be known as an event that often leaves a city that hosts the event in significant d

The science budget is one of the area’s most likely to be cut or at least frozen when the cuts in government spending begin to bite. However many scientists criticise this as undermining our economy in the longer term. The Obama administration in the USA is increasing its science budget and the r

On 15th January the British government approved the construction of a third runway for Heathrow Airport, Europe's busiest airport. Whilst the project still requires planning permission, it has become subject to a huge controversy particularly opposed by environmentalists. Through the expansion of He