Boxes
1.1
1.2
2.1
3.1
4.1
4.2
4.3
4.4
5.1
5.2
5.3
6.1
6.2
7.1
8.1
8.2
8.3
8.4
8.5
8.6
8.7
9.1
9.2
9.3
9.4
9.5
10.1
10.2
10.3
11.1
11.2
12.1
12.2
The Nathan Rothschild Waterloo legend
The Glove (Friedrich Schiller)
The information revolution in economics
The information content of the universe
Man against nature
Information in payment systems
The Elementary Game
Alice’s dice
The 37 per cent rule
The Uniform distribution
Antonio from Helvetia Square market
Business patents
Maximizing monopoly profit
Riskless and risky arbitrage
The stock market as a beauty contest
“Irrational Exuberance”
We cannot agree to disagree
The numbers guessing game (or “k-game”)
The Poisson distribution
Betrayal
“Touch wood”. Why we bargain with nature
HD-DVD versus Blu-ray
Deer or hare?
Defending the Hong Kong Dollar
Two-sided markets
Leadership and advertisement
A glossary of collective behavior
The Swatch fever
Plunging penguins
The rational expectations hypothesis (REH)
Markov Process
Auctioning off the Empire
Private and common value
2
2
5
13
31
33
37
40
71
74
76
84
100
124
147
152
159
162
164
168
170
174
175
178
179
190
204
206
220
230
235
255
258
xvi Boxes
12.3
12.4
13.1
14.1
14.2
15.1
15.2
16.1
16.2
17.1
17.2
17.3
17.4
The winner’s curse in practice
Google and the winner’s curse
Prophesy without prevention
Solomon’s Judgement
Econspeak versus Lawsperanto
Microfinance
Reporting workplace injuries
The Gotthard tunnel
“Off-Piste Top Tips”
Natascha’s pact with herself
When the world failed to end
Maximizing log utility
The Missouri Voluntary Exclusion Program
259
265
292
306
310
353
363
368
397
403
407
412
427