Making money with which they will play a game

a way to get rich without doing any work at all. 

The trick is to find a group of people interacting in which each person's happiness depends partly on what others do. Wolpert and Bono provide a way for you to choose one of those people who interact (call it "Sucker") and provide sucker a contract where you are given a little money now, and you agree to return some (but not all) that money to sucker once complete their economic interactions with others.

Wolpert and Bono show that in many cases, these contracts can be designed to benefit the piglet during this economic "game" to accept your contract before the game begins. Piglet and accept his offer and that would have money after paying sucker when the game ends.

The key of this scheme is that under his contract, how much return the piglet depends on what the sucker and the other people make during their interactions. Everyone should know about interacting binding contract between you and the sucker.

When these conditions are met, depending on how your contract changes the economic balance between players, pig and both benefit from agreeing to the contract. (Of course, others may not be so lucky.)

Wolpert and Bono call this phenomenon "mining game" because it is a way for you to "mine", a game (in the economic sense) than other people are involved.

Their work, published recently in the journal Advances in Austrian Economics, explores several hypothetical examples, as interactions between corn growers against sugar producers in the competition for the benefits of producing sweetener.

"All this raises a crucial question," they write. "Why are not the actual mining companies play havoc in real markets?" Wolpert and Bono offer several possible explanations for suggesting further studies

The Money Shop to shed 200 stores and 350 jobs

Money Shop has struggled since the payday loans (Getty) were capped

Money Shop could be forced to close about 200 stores in the UK due to its business model wins after bedding down the new regulations to protect consumers of escalating debt payday payment.

The payday lender is currently in a consultation process, according to the BBC. The result of this could see 200 of its 500 stores are closing. Already closed 40 stores.

This could mean about 350 of its 3,000 employees lost their jobs, although Money Shop told the BBC that will try to keep redundancies to a minimum by finding new roles for employees facing redundancy.

He added that the reorganization of the company could see one of the three main offices are closed.

The American company that owns The Money Shop Dollar Financial, said in a statement: "Unfortunately, it is possible that some 350 layoffs may be necessary as the company evolves its business to serve customers in a fair and sustainable manner after introduction of new regulations on consumer credit and the elimination of duplication of facilities inherited through previous acquisitions.

"We fully recognize the impact these proposals may have on our people, both personally and professionally, and we will support employees affected by this process and future employment."

Financial problems The Money Shop come after the Financial Conduct Authority (FCA) capped interest rates of payday loans at 0.8% per day of the amount borrowed. In case of default by customers, the payday lender can only charge a fixed fee of £ 15, while the total cost limit of 100% is meant to protect borrowers from mounting debts.