(noun, etymology Dutch from ‘boedel’: estate, possession, inheritance, stock.). 1. Crowd, pack, lot, as in ‘the whole boodle.’ 2. a. Counterfeit money b. Money acquired or spent illegally or improperly, particularly when used in bribery for political purposes. 3. Slang for money in general.

Can Collaborators Scare Cheaters into Behaving?

Posted on: Oct. 19, 2010  |  By: Ronnie Kahn  |  Category: General

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Last year, just before Halloween, something scary happened to me that not only showed the devilish side of our nature but the angelic one as well.  It seemed as though I had contracted some type of malware so I contacted my IT person.  He suggested I download a specific software that had been known to be effective with that type of digital parasite.  After doing the download, to my chagrin, my computer had now been totally taken over.  He now had to make a “house call” and when he came into my office he explained that like real viruses, when you try and eradicate them, they come back twice as virulent in their attempt to survive.

This begs the question as to why there are those who would design these malicious viruses and spyware?  Is it just to try and humble those that try and play by the rules?  Is it just a sport for grabbing the power of attention?  Do they just not care that ultimately the lost time and productivity hurt everyone which includes themselves?  Whatever it is, it seems as though we will always have to remain on guard when social groups come together.

I noticed that my IT guy would seem to be contacting someone while working on the problem.  When I shot him a strange look as to what he would be doing, he explained that this particular problem allowed him to contact some experts that would be helpful with a solution aimed just at this specific case.  He went on to say the he belonged to a group of IT professionals that share their knowledge for all the various computer situations they come in contact with.  The group, experts-exchange.com, uses a little competitive approach by assigning a score to the difficulty of a problem and giving points to the ones who solve it.  Similar to the way money works, individual competition and creativity work toward a larger social organization, which in both these cases, is hopefully for the greater good.  This seems to be the other side of the coin that when social groups come together, there are also powerful positive stories about principles beyond self-interest.

At the top though of experts-exchange, there are still some overseers of the solutions and ways the IT persons interact.  This would be similar to Wikepedia entries where anyone can add their knowledge to the database but there are those that review the additions.

This seems to be a good place to start as an analogy to how Securities Regulation might be modeled.  There is much talk about how we are going to change and fix the financial regulatory world after some of the problems exposed by the 2008 recession.  It would seem that we should have some way of allowing individuals to compete with products and services that are designed ultimately to benefit us all by producing a growing and vibrant economy.  At the same time, there must be oversight of those who still would “game” the system with only regard for lining their own pockets.

Somehow the financial markets must be structured to try and understand that we are all in this together and to those that would further that end, they would be compensated now only personally but with the satisfaction that they have helped countless others while helping themselves at the same time.

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