While Lady Gaga's number one claims that it's all about "luck and intuition" famed Berkley economist George Akerlof has drawn a quaint inferance between the growing deception in financial markets and the rise of individualistic card games that encourage 'the bluff'.
Far from scientific, the tenous connection is novel. Akerlof's idea states that following the great depression contact bridge and other team card games created better social awareness, improved trust between parties and ensured greater levels of reciprocity. The rise of Texas Hold'em however has seen ones individual incentive to bluff and be deceptive for his own gain, rise. Avoiding ethical dilemma's of whether or not its right to cheat Akerlof believes that it would be naive to think that such changing trends in card games could not occur in the world of finance and economics?
Lets hope the cabinet is playing plenty of contact bridge because it doesn't look like Brian Cowan has an ace up his sleeve.
