Friday, February 19, 2010

That's why we let him teach

Great discovery in Bryan's graduate class.

Update:

let me explore this a little. Bryan and his student found some economic verification that one level of fear is fixed, and must be apportioned among the threats. Imagine a large number of agents with this constant fear budget. How do they organize such that all members operate within their fear budget? They use a production line and implement a Shannon channel coder such that market events between stages of production produce the same, constant, level of surprise.

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