Working nightshifts in a busy Barcelona youth hostel means I have a unique front-row seat to all sorts of sordid situations that you just don't see while the sun is still up. It's a parallel universe of drugs, booze, and horny British teenagers with second-degree sunburns.
Despite the popularity of Maslow’s Hierarchy, there is not much recent data to support it. Contemporary science — specifically Dr. Edward Deci, hundreds of Self-Determination Theory researchers, and thousands of studies — instead points to three universal psychological needs. If you really want to advantage of this new science – rather than focusing on a pyramid of needs – you should focus on: autonomy, relatedness, and competence.
Any form of payment that is not traceable is a problem. Unless you are handing the cash to a living, breathing person who is handing you the keys to a car that is right there. Ask yourself” If this deal goes bad, what recourse do I have? If you are not sure, ask around. Friends and acquaintances often have a sober view of how you should not send your money to strangers you met on the internet’s classified section.
Last week, Attorney General Loretta E. Lynch announced that five major banks were pleading guilty to criminal charges for what she described as a “brazen display of collusion” to manipulate the currency markets. The banks — Citigroup, JPMorgan Chase, UBS, Barclays and Royal Bank of Scotland Group — were hit with $5.6 billion in fines and penalties.
Sensibly, the banks were forced to plead guilty, not simply pay fines in settlements where they neither admitted nor denied the changes. But the charges still were brought against banks, not bankers. No banker was held accountable. The personal fortunes of the bankers who profited were not touched. Shareholders, not bankers, will pay the fines. The Justice Department would have us believe that criminal banks ran profitable criminal conspiracies without involving any bankers.
After decades of get-tough policies that often morphed delinquent youth into hardened criminals — i.e., further traumatizing already traumatized kids — state, local and private facilities are developing ACE- and trauma-informed training for staff and systems for their facilities. They realize that the time these post-traumatic youth spend under their roofs can be a time for healing — if it’s handled right.
Anas Aremeyaw Anas is the controversial Ghanian investigative journalist who's broken dozens of stories of corruption and organized crime in West Africa. He's also the subject of a new documentary called Chameleon by Ryan Mullins.
Similar questions and scenarios come up in baseball, hockey, tennis and virtually every other sport. Indeed, once you get in this mode of thinking, you start seeing it everywhere (much like with Bayesian inference, or Tetris).
In 1994, for his contributions to the field of Game Theory, Nash received the Nobel Prize in Economics. But his greatest accomplishment may be the role he played in the emergence of a whole new and important way of thinking about the world and the things that happen in it.
Rob Duke's insight:
My Social Energy Theory owes a great deal to Nash. I could not lay out a scenario where, contrary to expectations, people are more successful through cooperation without his work. Of course, Elinor Ostrom's work on Common Pool Resources is also extremely important, as is Doug North's Institutions, and Ron Coase's theorem. As Newton suggested, we all stand on the shoulders of giants.
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