…after years of unabashed hype and dashed hopes, truly flexible displays are at last being ramped up to commercial production. Among the uses that manufacturers foresee are electronic newspapers that can be folded or rolled when not in use and then opened to display the latest news; flexible strips for store shelves that display constantly updated price and product information; and watch bands or bracelets that offer streaming news or other information.
Some companies are even considering working the technology into lines of clothing. Forget those low-tech embroidered Gap or Gucci logos on your shirts, said Barry Young, vice president and chief financial officer for Austin-based DisplaySearch, a market research company that tracks the flat panel display industry. We’re talking about a Times Square-style news crawl moving across your chest: G . . . U . . . C . . . C . . . I.
“Now we’ll have to pay to be a billboard,” Young quipped.
Flexible-display blouses are still some years off. But a more modest rollable display — the first to be truly mass-produced — is now being churned out at the rate of 100 per week and may reach production levels of 1 million a year by the end of next year…
Here is the full story. Just think, you could read your favorite blogs on your MarginalRevolution T-shirt.
Professional sports face the unusual problem of trying to manufacture dominance and competitive balance at the same time. On one hand, the race to the title cannot be too lopsided, or fans of the lesser teams will lose interest. Revenue-sharing and salary caps are common (but not universal) in major league sports. On the other hand, stars and superlative performances draw fans. Most NBA fans look back with nostalgia to the days when the Lakers and the Celtics were the dominant teams, meeting each year in a dramatic showdown at the end of the season.
On net, it appears that leagues would prefer to have more superstars and outstanding performances. NBA fans eagerly embrace high school phenom LeBron James, in the hope he will be the next Michael Jordan. Home runs have been good for baseball attendance.
Now steroids can have one of two possible effects. First, steroids may make it easier to produce spectacular performances. It is commonly charged, for instance, that some of the superlative home run seasons (Barry Bonds?) are the result of steroids and related drugs. If this is so, steroids may make a sport more fun for fans and more lucrative for both stars and non-stars.
A second possibility is that steroids level relative performance. They make all players bigger and stronger, but make it harder for any single player to stand out. In that case a league may seek to ban steroids. The profit-maximizing set-up, of course, is probably a general ban but only loosely or selectively enforced. Some players get the steroids and others do not. Arguably this is what we see. A league will try to ban steroids, but not too hard. Steroids are a relatively cheap way of manufacturing stars.
Note that the Olympics probably prosper more from competitive balance than from a single dominant country. Was it really so much fun for the rest of the world to watch the Soviets win all those medals? This would predict that the Olympics should take special care to ban performance-enhancing drugs, which is indeed the case.
By the way, if you don’t think that economists will apply their discipline to everything, read this, thanks to Roger Meiners for the pointer though don’t expect it to convince your wife.
The real question is why this mistake was made in the first place. Could it be the economist’s well-known distinction between the seen and the unseen? If you punt, no one sees the first down you didn’t make. If you don’t punt and fail to make a first down, you feel bad and are easily blamed. For agency-related reasons, we might expect coaches to be more risk-averse than players. The coach wants to hold onto his job, whereas a superstar player captures upside returns to a greater extent. The variance of player salaries, especially if you include endorsements, is typically much higher than the variance of coach salaries. So the coach plays it safe to a greater extent, and of course a punting decision is usually in the hands of the coach.
Addendum: Here is further discussion from Nick Schulz.
On Wednesday, the Agence France Presse news service reported that author Phil Marso has published (on paper) an antismoking novella for teenagers called “Pa Sage a Taba” (Not Wise to Smoke), composed in the jambalaya of abbreviations, slang, and neologisms that teens worldwide use to send each other text messages online and via cellphone. In English, for example, 2moro is “tomorrow” and YYSSW is “Yeah, yeah, sure, sure, whatever.” So in Marso’s book, when a detective asks the villain, “6 j t’aspRge d’O 2 kologne histoar 2 partaG le odeurs ke tu me fe subir?”, what he’s actually saying (in translation) is, “What if I spray you with cologne so you can share the smells you make me suffer?” A glossary of terms is included.
Marso, who admits that his book may “annoy the guardians of the French language,” says he wrote the book as a public service announcement.
Here is the original link. The constraint, of course, is that you wish to send and receive information as rapidly as possible, given your limited typing or punching speed. If you are interested, why not try some Shakespeare?
“Luv Loks Nt Wiv T iis
Bt wiv T Mnd”
Translation: “Love looks not with the eyes
But with the mind,”
Or this one?
“2 b or nt 2 b, thts de qn”
r v upset now? I think it’s pretty neat. And to keep you busy, here is a short glossary, TMMV stands for “Your Mileage May Vary,” which refers to different luck, POS stands for “Parents Over Shoulder,” B4N.
Nick Schulz, of TechCentralStation.com fame, has started a new blog on sports and technology, part of the Corante.com group. At the blog you can read Nick on the true meaning of sports, whether better equipment improves your golf game, how to solve the steroids problem, and why sports fans seem to enjoy a lack of competitive balance. John-Charles Bradbury addresses this same topic as well. From Nick’s own TCS, read this account of how NFL Films has driven the popularity of football in America. Here is a related story about how to better measure value in football, using a Bill James-like approach.
My own major sports interest, the NBA, has just started its own blog, though this consists largely of celebrity comments, presumably ghostwritten for the most part. Try also this sports and law blog. Did you know that relocating the New Jersey Nets to Brooklyn might push at least 800 people out of their homes and require eminent domain?
By the way, Nick says the smart money is on the Panthers for today’s game.
Very good article in the NYTimes on the larger implications of John Edwards’s career as a trial attorney. In Edwards’s first big case he artfully channeled the words of an unborn baby girl to convince the jurors that an obstetrician’s decision not to perform a Caesarean section resulted in the girl being born with cerebral palsy. The smoking gun in the case, according to Edwards, was the record from the fetal hearbeart monitor. As a result of this and other similar cases doctors “have responded by changing the way they deliver babies, often seeing a relatively minor anomaly on a fetal heart monitor as justification for an immediate Caesarean.”
[But] studies have found that the electronic fetal monitors now widely used during delivery often incorrectly signal fetal distress, prompting many needless Caesarean deliveries, which carry the risks of major surgery…[Moreover] the vast majority of children who developed cerebral palsy were damaged long before labor…[and] a series of randomized trials challenged the notion that faster delivery could prevent cerebral palsy. Reviewing data from nine countries, two researchers reported last year that the rate of the disorder had remained stable despite a fivefold increase in Caesarean deliveries.
Edwards can’t be blamed for being a good attorney, even if the science rejects his claims, but his front of caring for the victims does not stand scrutiny. Edwards, along with his fellow attorneys in the North Carolina plaintiff’s bar, argued against a compensation plan that would insure everyone with a child born with cerebral palsy.
My take: A tort system should deter and insure. But our tort system does neither well, especially when it comes to product liability and medical malpractice cases. Winning claims often have little connection with true negligence so the system does not deter and instead of insurance the tort system offers those with injuries a lottery ticket, handing large payouts to some and nothing to others with equal difficulties. To top it off, the system is expensive as more dollars are spent on litigation than flow to plaintiffs.
I’ve been an economist for so long that I don’t flinch when the paper abstract starts as follows:
“This paper models love-making as a signaling game. In the act of love-making, man and woman send each other possibly deceptive signals about their true state of ecstasy. Each has a prior belief about the other’s state of ecstasy. These prior beliefs are associated with the other’s sexual response capacity…”
Or if that is not enough for you: “In this paper, love is formally defined as a mixture of altruism and possessiveness. Love is shown to alter the man and the woman’s payoff functions in a way that increases the equilibrium probability of faking, but more so for the woman than for the man.”
Here is the full paper. I could go on with quotations, but why don’t we look at the empirical results, drawn from an extensive data set and questionnaire:
1. 72 percent of women admit to having faked it in their current or most recent relationship, for men the number is 26 percent.
2. You are more likely to fake an orgasm if you are in love. “It was the men I deceived the most that I loved the most,” said Marguerite Duras.
3. Being in love and faking are less positively correlated for men than for women. Perhaps men want to look like studs, regardless of the seriousness of the relationship.
4. Women mind less if their partners fake orgasm. (Might some be positively relieved to have it over?)
5. Faking is correlated with age, but in complicated ways. It depends on whether you love your partner, whether you are a man or woman, and how old you are.
6. The more education you have, the more likely you are to fake orgasm. I found this to be the most interesting result.
The author, Hugo Mialon, is on the job market right now and he has a forthcoming co-authored AER piece, plus a revise-and-resubmit at the Rand Journal. His dissertation is “Five Essays on the Economics of Law and Language.”
OK, the orgasm stuff is not his most marketable side, but Hugo seems to be a guy with both ideas and good technical skills. Hire this man. If we had a slot at GMU I would be pushing for him, even though he probably fakes his orgasms.
Thanks to Newmark’s Door for the initial pointer to the paper.
I have heard of or experienced the following ideas for improving the running of meetings:
1. Make everyone stand up until the meeting is over.
2. Make everyone talk on the phone, even if you are in adjacent offices.
4. Lock the door when the meeting starts on time and do not allow latecomers to enter.
Or how about this idea, channeled through Randall Parker:
Aided by tiny sensors and transmitters called a PAL (Personal Assistance Link) your machine (with your permission) will become an anthroscope – an investigator of your up-to-the-moment vital signs, says Sandia project manager Peter Merkle. It will monitor your perspiration and heartbeat, read your facial expressions and head motions, analyze your voice tones, and correlate these to keep you informed with a running account of how you are feeling – something you may be ignoring – instead of waiting passively for your factual questions. It also will transmit this information to others in your group so that everyone can work together more effectively.
So perhaps a bunch of buzzers go off when somebody says something confusing. Or the boss knows when no one is paying attention.
I’m all for voluntary experimentation, but let’s not forget what many meetings are about. Meetings are not always about the efficient exchange of information, or discovering a new idea. Meetings can be about displays of power, signaling that a coalition is in place, wearing down an opponent, staging “theater” to make someone feel better, giving key players the feeling of being insiders, transmitting information about status, or simply marking time until something better happens. It’s one thing to hate meetings. But before you can improve them, make sure you know what meetings are all about.
A recently discovered bribe list indicates that Iraq gave some prominent world leaders and parties who opposed the war large “oil contracts” (easily convertible into cash). Here is an english translation of the orginal story including the list. ABC news also has the story.
P.S. I was against the war and didn’t get a thing. Bummer.
From Reason magazine.
Let’s not forget Evan Williams:
With a little luck and a lot of technology, Williams did as much as anyone in history to provide the once-scarce freedom of the press to millions of individuals, through his co-founding of Pyra Labs, which introduced easy-to-use Blogger technology and free-as-air Blogspot hosting to the masses.
I received an email message this morning with the not very promising heading “Not a scam”. The contents? Here goes:
Face it, you’re not getting paid enough for what you do
to get off our database follow this link
jdefdmu s vgkitbaqizknh bdqdwxpoav w brfpu gotwzykprljsywaonqk
From Nigeria I received the following:
I KNOW YOU MIGHT HAVE RECEIVED DIFFERENT PROPOSALS OF SUCH ASSISTANCE BUT I
HAVE ALL INFORMATIONS WITH WHICH YOU CAN MAKE VERIFICATIONS.BESIDES EVEN
THOUGH THE INTERNET IS FLOODED WITH SCAM I STILL CANNOT AFFORD TO LOOSE
THIS OPPURTUNITY OF A LIFE TIME.
If I were a spammer I might try “Not sure whether this is worth your time.”
A genetically engineered plant that detects landmines in soil by changing colour could prevent thousands of deaths and injuries by signalling where explosives are concealed.
The plant, a modified version of thale cress (Arabidopsis thaliana), is sensitive to nitrogen dioxide gas, which is released by underground landmines. The leaves of the plant change from green to red after three to five weeks of growth in the presence of this gas. “They are easy to spot,” says Carsten Meier of the University of Copenhagen, Denmark, who served as scientific adviser to Aresa, the Danish company that developed the plant.
Here is the full story. Note that the technology is not yet fully proven.
On a separate note, it appears that simply putting a tea strainer (mesh cylinder) in your neck could stop a large number of strokes.
In the late 1980’s, Asian manufacturers began turning out basic memory chips, undercutting American chip makers’ prices and inciting a fierce policy debate. Many industry leaders argued that the United States would lose its technological edge unless the government intervened to protect chip makers.
In a famous 1988 Harvard Business Review article, Charles Ferguson, then a postdoctoral associate at the Center for Technology Policy and Industrial Development at M.I.T., summed up the conventional wisdom: “Most experts believe that without deep changes in both industry behavior and government policy, U.S. microelectronics will be reduced to permanent, decisive inferiority within 10 years.”
He denounced the “fragmented, chronically entrepreneurial industry” of Silicon Valley, which was losing market share to government-aided Asian businesses. “Only economists moved by the invisible hand,” he wrote, “have failed to apprehend the problem.”
Those optimistic economists were right. The dire predictions were wrong. American semiconductor makers shifted to higher-value microprocessors. Computer companies bought commodity memory chips and other components, from keyboards to disk drives, abroad. Businesses and consumers enjoyed cheaper and cheaper prices.
Far from an economic disaster, the result was a productivity boom. As global manufacturing helped to reduce the price of information technology sharply, all sorts of businesses, from banks to retailers, found new, more productive ways to use the technology.
“Globalized production and international trade made I.T. hardware some 10 to 30 percent less expensive than it otherwise would have been,” Dr. Mann estimates in an institute policy brief. (Her paper, “Globalization of I.T. Services and White-Collar Jobs: The Next Wave of Productivity Growth,” can be downloaded at iie.com.)
As a result, she estimates, gross domestic product grew about 0.3 percentage point a year faster than it would have otherwise, adding up to $230 billion over the seven years from 1995 to 2002. “That’s real money,” she said in an interview.
By building the components for new integrated software systems inexpensively, offshore programmers could make information technology affordable to business sectors that haven’t yet joined the productivity boom: small and medium-size businesses, health care and construction.
I link to Doug Irwin’s excellent outsourcing piece at The Volokh Conspiracy. Daniel Drezner covers the debate in his usual quality fashion. Arnold Kling offers good comments as well. Here’s hoping that this swell of intellectual support for free trade continues. Here is a more ambivalent Glenn Reynolds.
A whole group of people trolls ebay looking for items that are “misplaced” because their descriptions are spelled incorrectly. If you list your “Haitian” painting as a “Hatian” painting no one will find it with a key word search. In essence this means that no one will find it at all, except of course for these noble entrepreneurs, these enforcers of spelling correctness.
Here is some information about our nation’s literacy or lack thereof:
David Scroggins…searches for misspellings…He has bought Hubbell electrical cords for a 10th of their usual cost by searching for Hubell and Hubbel. And he now operates his entire business by laptop computers, having bought three Compaqs for a pittance simply by asking for Compacts instead.
No one knows how much misspelling is out there in eBay land, where more than $23 billion worth of goods was sold last year. The company does flag common misspellings, but wrong spellings can also turn up similar misspellings, so that buyers and sellers frequently read past the Web site’s slightly bashful line asking, by any chance, “Did you mean . . . chandelier?”
One unofficial survey – an hour’s search for creative spellings – turned up dozens of items, including bycicles, telefones, dimonds, mother of perl, cuttlery, bedroom suits and loads of antiks.
Contacted, the sellers were often surprised to hear that they had misspelled their wares.
Ms. Marshall, who lives in Dallas, said she knew she was on shaky ground when she set out to spell chandelier. But instead of flipping through a dictionary, she did an Internet search for chandaleer and came up with 85 or so listings.
She never guessed, she said, that results like that meant she was groping in the spelling wilderness. Chandelier, spelled right, turns up 715,000 times.
Well, at least these people are paying a price for their egregious mistakes. Here is the full story. Thanks to Lucas Wiman for the pointer.
The U.S. is no longer pushing privatization of the Iraqi oil industry primarily because the Iraqi’s presently in control don’t want it privatized for “nationalistic” reasons. This is bad news for the Iraqi people. Even putting aside bold plans for returning the oil to the people it’s an important check on government that they must tax to spend. It’s hard enough to make the State respect the rights of the people even when it relies on them for its funding but when the people rely on the State for their funding its even worse. Call this the “no representation without taxation” principle.