Word: milliseconds
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...telemental health service at Children's Hospital, she points to one of the benefits of a videoconference: unlike a phone call, it allows doctors to observe a patient's facial expressions and body language. "You can talk back and forth in real time - it's off by a millisecond - so you get immediate reactions," says Myers, who, with a $3 million grant from the National Institute of Mental Health (NIMH), is conducting the first large federally funded randomized clinical trial to determine the effectiveness of telemental health in treating mental-health problems in childhood...
...only a tiny fraction of that by the floor traders, who now function mainly as a colorful backdrop for CNBC broadcasts. Virtually all stock-trading is electronic, and somewhere from 45% to 70% of trading volume is done by high-frequency traders who make their money by the millisecond...
...trading has plunged. It's a market in which exchanges do constant battle over trading volume. The biggest volume generators at the moment are high-frequency trading firms you've never heard of - GETCO, founded a whopping 10 years ago, is the granddaddy - that try to get ahead of millisecond-by-millisecond price movements and take advantage of rebates paid by exchanges to those who create liquidity (that is, offer to buy or sell stock at a certain price and assume the market risk). Not surprisingly, the exchanges cater to these firms - with flash orders and "co-location" arrangements that...
Shortcuts, for example, make us more prone to do whatever everyone else is doing - or whatever Jim Cramer tells us to do. "The brain cannot afford to re-evaluate on a millisecond by millisecond basis. So it will use other people's opinion as a proxy for its own," says Emory University neuroeconomist Gregory Berns, author of the new book Iconoclast: A Neuroscientist Reveals How to Think Differently...
More than a year later, in the days after TWA Flight 800 crashed into the Atlantic Ocean, the public, politicians, investigators and grieving family members waited tensely while scuba divers searched for clues. Eventually the recorder was found, its body remarkably undamaged. But it played back only a millisecond of a mysterious loud noise. The box was one of the old models, and didn't have the extra capacity to record in the midst of a catastrophe like the one on TWA Flight...