Thursday, April 05, 2007

I attended all lectures this week.

I attended two probability lectures where we learned branching processes. We needed to use generating functions for this. We also are now covering the fundamental markov theorem. We are also looking at limiting distributions for markov chains.

In my other course we looked at a model in Bowles for three person games describing the rise of agriculture and sharing and punishing in an extension of the solution of the hawk dove game and looked at the so called bourgeois strategy solution to this new game. I think anything that dictates a strategy is not a bourgeois strategy but certainly owning property which dictates the bourgeois strategy can be interpreted as a position of wealth that dictates a strategy. Thus our modeling of labour negotiations which is dependent on worker efforts might be called the hard workers/shirking worker strategy and has polar opposite effects on workers and management but then in Bowles model effort would not be monitorable so would lead to disagreements at the bargaining table as too whether workers were working too hard for too little for the workers to bargain in good faith or too little for the costs the employer endures or too hard for the money the employer pays.

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