Publication: Procreative Beneficence, Intelligence, and the Optimization Problem
A friend shared this on Facebook back in June, but I've scheduled this post for now because it seems relevant to those starting university this month or next.
When a scarce good has to be allocated, 'first come, first served' is often considered a decent allocative principle. According to a recent study, however, this is inefficient because of the time wasted. Adopting the principle 'last-in, first-served' - provided everyone knows this - is more efficient, because people will stagger their arrival times.
My latest publication appears in the September issue of Bioethics.
We recently acquired a new blender (this one if you're interested - Amazon affiliate link) and, as a result, have rediscovered our love for smoothies. Luckily for us, this coincided with receiving some vouchers from Tesco for money off their summer berries and cherries range, which meant we #TriedForLess.
Lotteries are often used to distribute goods (e.g. scarce resources such as transplant organs) and bads (e.g. military conscription). Of course, this isn't particularly surprising since any lottery distributing a good can be re-described as one distributing the bad of not getting that good, and vice versa.
Now published (online) in Utilitas - available here (with subscription).