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A Few Innovations

A Few Innovations. Kolachana Sri Ram Aditya. The Sub-prime crisis. Buyer does not have enough money for down payment Illegal for undocumented transactions to take place between buyer and seller Seller increases price of house and gives cash back to buyer

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A Few Innovations

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  1. A Few Innovations Kolachana Sri Ram Aditya

  2. The Sub-prime crisis • Buyer does not have enough money for down payment • Illegal for undocumented transactions to take place between buyer and seller • Seller increases price of house and gives cash back to buyer • Loan giver caught holding lower value assets

  3. Enforcement of Hand-Washing • Viennese maternity hospital • 44000 to 98000 deaths an year in USA due to hospital caused infections • No. of wash basins, signs etc, increased • Squad went around swabbing physicians hands and putting up cultures formed as screen savers • Compliance shot up to near 100%

  4. Astrology and football players • Half of the elite football players born in Jan, Feb or March • Other half spread over other nine months • Reason? • Astrology? • Winter born babies have higher oxygen capacities and hence more stamina? • Soccer mad parents more likely to conceive during spring (soccer season)? • None of the above?

  5. Increasing tax revenues • Pervasive tax evasion in the US in 1980s • Self employed persons most guilty • Reason – abysmal audit rate of 0.19% by IRS • Congress demanding greater revenues • Tax payers receiving major rebates for dependants • Simple innovation – mandatory mention of Social Security number of dependants • 7 million dependants disappeared and $3 billion in increased revenues

  6. Innovation in voting • Current system – person with max votes win • However many times, this leads to second most popular candidate winning • Instant Run off voting • Problem with IRV – Monotonicity • Latest innovation – Range voting

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