our role for social values
‘A beautiful mind’ is a movie about Nash, who came up with nash equilibrium, highly relevant for understanding prisoner’s dilemma which i would like to link to individual vs common good
does a company have a role other than making profits
it it has other values, how does it state it and act legitimately and sincerely within that envelope
responsibility to employees
MBA is not a profession. doctors are. so they have an ethos. should we redefine MBA?
people can have sincere social preferences, but once in the board room the perception is that they lose that sincerity
does size of CSR matter. small decision are fine, but big ones?
so need to put value (price) on values on other than money.
only with other payoff structure (police, government) can reach higher mutual rewards
nash equalibrium –
adam smith fallacy (friedman as well) that group is better off if every member does what is best off for them