Why are men so foolish?

However, it doesn???t take much to get women to compete more. In a recent study, the classic Niederle experiment was replicated with MBA students. The only change in the protocol was that right before doing the experiment, the MBAs were given one of two short surveys. One survey asked about their gender and family, and how many kids they had. The other survey quizzed them about their professional plans ??? what was their expected salary after graduation, et cetera. Women MBAs who took the family survey were reluctant to compete. Women MBAs who took the professional survey had no such reluctance. Even more of them wanted to compete than male MBAs.

To get women to compete, they need to be in a social context where competing is relevant to their success. When they choose to be overtly competitive, women, it seems, are more attuned to the context than men are.

“Just as you???d expect, girls who won the lottery and attended their first-choice charter school increased their odds of going to a four-year college. But boys who lost the lottery (and didn???t go to the charter school of their dreams) had better odds of attending a four-year college than boys who won the lottery.”


Google???s looming hegemony

Large utility companies worry about Google. Why? Unlike those who mock Google for being a “one-trick pony”, with 99% of its revenue coming from Adwords, they connect the dots. Right before our eyes, the search giant is weaving a web of services and applications aimed at collecting more and more data about everyone and every activity. This accumulation of exabytes (and the ability to process such almost unconceivable volumes) is bound to impact sectors ranging from power generation, transportation, and telecommunications.

Consider the following trends. At every level, Western countries are crumbling under their debt load. Nations, states, counties, municipalities become unable to support the investment necessary to modernize — sometimes even to maintain — critical infrastructures. Globally, tax-raising capabilities are diminishing.

The reason for the concern, and the solution to the decay of State actors is, Google’s information collection and analysis capability which may become essential to assessing the PPP risk (despite always being underwritten by the tax payer).