‘Optimally Vague’ contracts and their benefits to society

Imagine that you’re just about to sign an important contract – would you prefer it to have been precisely drafted, or would you be happy for it to be “optimally vague” ? Authors Nicola Gennaioli (Bocconi University and IGIER) and Giacomo A. M. Ponzetto (CREI, Pompeu Fabra University, IPEG and Barcelona GSE) suggest not only […]

Governing cyberspace via ‘Constructive Ambiguity’ (and Schrödinger’s cat)

How can the vastness of cyberspace can be ‘governed’ in any practical way? Perhaps some ‘Constructive Ambiguity’ might help resolve such questions? A 2015 thesis by Professor Paul Cornish (Associate Director of Oxford University’s Global Cyber Security Capacity Centre and Research Group Director for Defence, Security and Infrastructure at RAND Europe in Cambridge, UK) suggests […]

The problem of artificial precision in theories of vagueness

Vincenzo Marra points his finger more or less exactly at a simply difficult question: “The problem of artificial precision in theories of vagueness: a note on the role of maximal consistency,” Vincenzo Marra, arXiv:1306.4369, June 18, 2013.  The author is at Universita degli Studi di Milano, Italy. (Thanks to investigator K.P. Hart for bringing this […]

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