Prisoners Dilemma

The classical prisoner's dilemma:

	Prisoner B Stays Silent	Prisoner B Betrays
Prisoner A Stays Silent	Each serves 6 months	Prisoner A: 10 years Prisoner B: goes free
Prisoner A Betrays	Prisoner A: goes free Prisoner B: 10 years	Each serves 5 years

You are prisoner A and have no idea what will Prisoner B do. Stay silent or betray?

Wibutee

Wibutee was originally formed as the jazz trio Triangle in Trondheim, Norway in 1996 by Håkon Kornstad, Wetle Holte and Per Zanussi, then jazz students at the Trondheim conservatory of music. They were later joined by Erlend Skomsvoll and Live Maria Roggen, playing their first notable concert as a group at the Nattjazz festival in Bergen, May 1998. Signed to Bugge Wesseltoft's new label Jazzland, they released their first album in 1999, produced by Wesseltoft. From 2000-2001, Wibutee was also joined by ex-The September When bass player Gulleiv Wee on electronics. Roggen and Skomsvoll left the band in 2000. Pioneer in Norwegian electronica, Rune «Sternklang» Brøndbo joined the group in 2001, just before the release of their second album "Eight Domestic Challenges", the first album to be produced by Wibutee. The constellation continued through 2004, releasing "Playmachine" in June 2004. Per Zanussi left Wibutee in October 2004. The bass chair was then taken by Marius Reksjø, finally by Tor Egil Kreken. Wibutee is now working towards a more melodic concept than before, still with Kornstad's easily recognisable tenor saxophone in front. The new album "Sweet Mental" will be released on Wibutee's own label in Norway, as they have signed off the contract with Jazzland Recordings. In January 2006, Wibutee launched the new label Sonne Disk - expected to take care of all future releases from the band.

• Sweet Mental - Sonne Disk - 2006

• Playmachine - Jazzland - 2004

• Eight Domestic Challenges - Jazzland - 2001

• Newborn Thing - Jazzland - 1999

You should definitely check it out if you like scandinavian jazz. What do you think of it?

Positive Accounting

Positive accounting is the branch of academic research in accounting that seeks to explain and predict actual accounting practices. This contrasts with normative accounting, that seeks to derive and prescribe "optimal" accounting standards.

Positive accounting emerged with empirical studies that proliferated in accounting in the late 1960s. It was organized as an academic school of thought of discipline by the work of Ross Watts and Jerold Zimmerman (in 1978 and 1986) at the William E. Simon School of Business Administration at the University of Rochester, and by the founding of the Journal of Accounting and Economics in 1979. When published, the pioneering articles were greeted with considerable criticism.

Positive accounting can be associated with the contractual view of the firm. The firm is viewed as “a nexus of contracts” and accounting one tool to facilitate the formation and performance of contracts. Under this view, accounting practices evolve to mitigate contracting costs by establishing ex ante agreement among varying parties. For example, positive accounting postulates that conservatism in accounting –in this sense defined conditionally as requiring lower (higher) standards of verifiability to recognize losses (gains)– has origins in contract markets, including managerial compensation contracts and lender debt contracts. As an example, absent conservatism, managerial compensation agreements may reward managers based on current reports that later evidence indicate were unwarranted.

The contractual view of positive accounting puts it in tension with value relevance studies in accounting: the latter contend that accounting’s primary role is to value the firm, and thus practices like conservatism are sub-optimal. The value relevance school emphasizes the usefulness of accounting information to equity investors in contrast to its usefulness in contracting exercises.

Now you needed that info didn't you? 

Porche 904

The Porsche 904 is an automobile which was produced by Porsche in Germany in 1964 and 1965. It was officially called Porsche Carrera GTS due to the same naming rights problem that required renaming the Porsche 901 to Porsche 911.

After having retired from F1 at the end of the 1962 season, Porsche focused again on sportscar racing. The 904 debuted late in 1963, for the 1964 racing season,[1] as a successor to the 718, which had been introduced in 1957. Porsche designed the GTS variant to compete in the FIA-GT class at various international racing events. The street-legal version debuted in 1964 in order to comply with Group 3 Appendix J[2] homologation regulations requiring a certain number of road-going variants be sold by the factory.Porsche produced 106 904s at four or five a day[3] with a list price of US$7245 (FOB Stuttgart).[4] Orders far exceeded the one hundred car requirement to satisfy homologation rules and more cars could readily have been sold.[3] The 904 marked the beginning of a series of sportscars that culminated in the mighty 917.

What do you think of Porche 904 fellas?

Best Stories In One Book

The Disaster Area is a collection of short stories by British author J. G. Ballard.

• "Storm-bird, Storm-dreamer"

• "The Concentration City"

• "The Subliminal Man"

• "Now Wakes the Sea"

• "Minus One"

• "Mr F. is Mr F."

• "Zone of Terror"

• "Manhole 69"

• "The Impossible Man"

East Coast Main Trunk Railway

The East Coast Main Trunk Railway is a railway line in the North Island of New Zealand, originally running between Hamilton and Taneatua via Tauranga, connecting the Waikato with the Bay of Plenty. The ECMT now runs between Hamilton and Kawerau, with a branch line to Taneatua from the junction at Hawkens. The line is built to narrow gauge of 1067 mm (3 ft 6 in), the uniform gauge in New Zealand.

In 1880, the North Island Main Trunk Railway had reached Frankton, Hamilton, from Auckland. From there, the line made its way to Morrinsville in October 1884, Te Aroha in March 1886 and Paeroa in 1898. The route to Waihi through the Karangahake Gorge was surveyed in the next few years with construction starting in 1900, with three bridges, including a road-rail bridge and a kilometre-long tunnel, which has a 1:50 grade and took three years to build, being completed in 1904. The line between Paeroa and Waihi opened in November 1905. Surveys were undertaken for the route beyond Waihi in 1907 and construction started in March 1912, but was suspended in November of the same year. The work started again in 1914, but was suspended again in March 1917 because of a shortage of staff due to World War I. The works started again in 1918, and the railway through the Athenree Gorge opened to Tahawai in 1925 and Tauranga in March 1925. The remaining length of line to Te Puke, Whakatane and Taneatua opened in 1928.

Originally, the railway line was to run to Opotiki and through the Waioeka Gorge to Gisborne, linking with the Palmerston North - Gisborne Line. Work did begin, however due to two World Wars, an economic depression and an influenza epidemic, the railway was never completed.

The Kaimai Railway Tunnel runs for 8896 m under the Kaimai Ranges, making it the longest tunnel in the Southern Hemisphere. Construction started from both sides of the range in 1969: the headings met in 1976 and the tunnel opened on 12 September 1978.

After the opening of the Kaimai Tunnel, the route through the Karangahake Gorge to the eastern junction closed in 1978 and was dismantled in the 1980s. The railway from Morrinsville to Paeroa stayed open and continued (via the Thames Branch) to Thames until closure in 1991 and lifting in 1996/1997. The rail bridge at Te Aroha is now a walkway over the Waihou River; the route from the tunnel to Waikino through the Karangahake Gorge is now a walkway; from Waikino to Waihi the Goldfields Railway heritage line preserves the old railway; and State Highway 2 runs through the Athrenee Gorge along part of the original rail alignment.

Hello World!

In this blog you will see various unnecessary facts.