Hi,
Just read Matt Slater’s great post on the issue of going into administration for Portsmouth Football Club. Some of you may not be football fans – that’s not important. Step beyond the content and look at the human (more…)
Posts Tagged ‘Decision-making’
Portsmouth FC in admin, RBS in loss: the same or different?
Thursday, February 25th, 2010A camel is a horse designed by a committee
Saturday, November 14th, 2009In the last post I refered to misaligned design in the classic quote:
a camel is a horse designed by committee.”
In an idle moment [or are you and I just procrastinating - escaping some other activity or chore?!] I’d like to briefly explore this quote because (more…)
Iraq seeks permission for new nuclear programme
Thursday, October 29th, 2009Wow! There is some irony here. It is twenty-eight years since Israel destroyed a nuclear reactor in Iraq, nineteen years after British and American forces sought to destroy the last nuclear reactors in Iraq, and six years after an invasion which cited WMDs [possibly including nuclear material] as a reason for the invasion.
Yet there are calls (more…)
Vince Cable, The Storm: The World Economic Crisis and What it Means
Tuesday, April 7th, 2009Hi, this is a post about language and interpretation, not really economics – honest.
On Sunday 29th March I went to listen to Vince (more…)
Britain has a drink problem
Tuesday, July 22nd, 2008Wow! Another little twist of patterns and counter-intuitive thought [or not in the case of the latter].
Another BBC snippet sparked my attention today, as did a similar newspaper article yesterday though I was busy writing on other topics.
Britain and alcohol (more…)
Competition in the UK postal market, war and who suffers
Tuesday, May 6th, 2008It’s intriguing to read about attempts to change markets. The UK postal market used to be wholly operated, bar courier services, by Royal Mail/Post Office.
This market was ‘opened up to competition’ in 2006. What has happened?
Firstly you cannot introduce competition, all you can do is amend constraints to trade, introduce incentives or actively create new players in a market. Whether they compete or not is up to them, both individually as organisations or as a group. Often, without explicit agreement, they will act in a fashion that reduces competitiveness. The system will find a point of acceptable equilibrium. One player will make a tentative gesture and the others respond. How the others respond determines (more…)