Regulatory Capture by Sophistication

Tripartism: Regulatory Capture and Empowerment

The features of regulatory encounters that foster the evolution of cooperation often also encourage the evolution of capture and corruption. Solutions to the problems of capture and cmption-limiting discretion, multipleindustry rather than single-industry agency jurisdiction, and rotating personnel-inhibit the evolution of cooperation. Tripartism+mpowering public interest groups-is advanced as ...

M-sophistication

The m-sophistication of a finite binary string x is introduced as a generalization of some parameter in the proof that complexity of complexity is rare. A probabilistic near sufficient statistic of x is given which length is upper bounded by the m-sophistication of x within small additive terms. This shows that m-sophistication is lower bounded by coarse sophistication and upper bounded by soph...

Sophistication Revisited

Europe between Financial Repression and Regulatory Capture

• The financial crisis modified drastically and rapidly the European financial system’s political economy, with the emergence of two competing narratives. First, government agencies are frequently described as being at the mercy of the financial sector, routinely hijacking political, regulatory and supervisory processes, a trend often referred to as “capture”. But alternatively, governments are...

Simplicity: the ultimate sophistication.

Efficient movement underpins all great sporting performances. When performed by an expert, complex movements can appear effortless, almost simple; as Leonardo Da Vinci stated, “simplicity is the ultimate sophistication”. Dynamic control of movement is also central to safe sporting function and is dependent on the sophisticated integration of a range of factors including environment, nature of t...