iPad markets in everything, and fungi too

by on August 12, 2011 at 7:06 am in Law, Science, Web/Tech | Permalink

New York entrepreneur John Vaccaro bought a bunch of Bernie Madoff’s expensive tailored clothing at the federal auction of Madoff’s property in November, 2010, and has resewn them into iPad covers, which he is selling (at rather luxurious prices) through his recently-launched clothing label Frederick James. Vaccaro has estimated that he has enough material to make 31 covers. Perhaps when that runs out, he can start making them from Madoff’s new clothes. Personally I prefer bright orange canvas to dull gray cashmere, anyway. [via CNN]

Here is the link and for the pointer I thank Andrew Zumwalt.  From another direction, Jim Swift directs my attention to this iPad app which helps auction off parking spaces.

Via Mark Thorson, here is plants trading with fungi:

Beneath your feet, plants and fungi are exchanging nutrients in a marketplace where generosity is rewarded and cheating punished. The two kingdoms were known to exchange nutrients at root level – now, researchers have shown that they have evolved ways to enforce fair trading.

Alex Godofsky August 12, 2011 at 10:05 am

Is it really surprising that evolution leads to Nash equilibria? Is there really any other plausible outcome?

Neal August 12, 2011 at 11:03 am

Well, it did at least once in a particular environment with which we’re all very intimately familiar. As you say, it should so so all the time.

eddie August 12, 2011 at 10:53 am

I just can’t bring myself to make the obvious pun.

Especially since it’s been done so well already, here: http://sesquiotic.wordpress.com/2010/03/07/fungible-fungi/

athEIst August 12, 2011 at 2:44 pm

Better to use his skin. That will fetch top dollar!

dave August 12, 2011 at 4:44 pm

iEverything

Tomas August 13, 2011 at 12:24 am

About the fungi, sounds needlessly anthropomorphizing. If the plant’s local-to-root mechanism for dispensing carbon is phosphorus-limited (as indeed is the whole plant), then the simple act of providing phosphorus spins it up. The dual holds about the fungus. A simple double feedback loop. Neat that it evolved, but I hesitate to call a game-theoretic setup. There is no decision being made, save the mitotic one.

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