by Mark Hewitt
During our evolution as a species mankind has created social and political systems that have
The Games that People Play
tended to rise and fall based on complex systems. Complex systems tend to reach a point where failure is the only option as has recently been proven with our credit based economic system. Economists and fund managers have been making this statement for many years declaring our system of credit based currency to be unsustainable.
Complexity in currency is only one faucet of social and political complexity our system of laws and security fall into the same unsustainable path – one of my favorite speakers on this topic is Barry Schwartz – his TED presentation on our “Loss of Wisdom” sums up our human values and actions.
ABC did a couple of shows giving us an example of how Modern Game Theory helps us to understand the ebb and flow of not only ourselves but the things around us. In this show PrimeTime producers take six teams and set them free in New York city to find each other – the results will astound you.
John Nash is credited with the development of todays “Modern Game Theory” he was honored with a Nobel Prize in economics in 1994 for his work and his life was portrayed by Russell Crow in the movie “A Beautiful Mind”. The Nash Equilibrium is the equivalent of the process in todays modern process called “Continuous Integration” (a process pioneered by myself and partner John Reynolds in the late 1980’s).
Continuous Integration is simply the process of morphing a complex system it recognizes that nothing is static including complex systems. The principles of this system are in part applied in our modern MetroCore system which is designed to integrate in real time information and value across a wide buss of data and events. Many of the emerging systems you will hear about today involve the emergence of a Smart-Grid which is far more than just remote reading of power and utility meters. (more on this in future posts)