Cooperation - Risk Article

From The Jolly Contrarian
Jump to navigation Jump to search
Risk Anatomy


Risk | Fear | Ecosystem | Market | Government | Firm | Cartel | Individual | Trust | Audit | Complexity | Prisoner’s dilemma | Transaction | benign | brutish Navigation: Risk taxonomy | Rumsfeld’s taxonomy

Get in touch
Comments? Questions? Suggestions? Requests? Sign up for our newsletter? Questions? We’d love to hear from you.
BREAKING: Get the new weekly newsletter here Old editions here


Preconditions for cooperation: Trust: Basic rule: wherever there is cooperation there must first be trust: credit, reputation, one’s word being one’s bond. It has to mean something, practically. But, in a brutish market, trust is a scarce commodity. A brutish market is characterised by nasty exchanges: one-offs, negative sum games, predators and prey.