Word: modelers
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...with the plumbing, the joint is now jumping. The same could be said of Page's festival, which runs through March 14. When he inherited it from Californian opera director Peter Sellars, the biennial event was not in good shape. Sellars had tried to explode the traditional multi-arts model by pouring more money into film and grassroots programs. But his quest for a communal love-in turned into war with the festival's board. Box office and sponsorship flagged, and Sellars walked before the festival began...
...world, and I'm sitting there in a room telling jokes." Likewise, Showtime's quirky Family Business (Fridays, 11 p.m. E.T.), about the family-run porn studio of Adam (Seymore Butts) Glasser, shows the sex-flick trade as a humdrum business, while UPN's America's Next Top Model (Tuesdays, 9 p.m. E.T.) is addictive, partly because it depicts cover-girl life as a grueling boot camp...
Right now, Hori and his team are focused on the future. "The original Prius proved that hybrid cars were technically feasible. The new model has shown that it can be attractive to consumers. The third generation has to be even more powerful and more fuel efficient," says Hori. His vision for Toyota's eco-friendly autos goes beyond the Prius line. "The next step is to apply hybrid technology to other models and to reduce its price," he says. After that, he has his sights on dispensing with CO2-belching gasoline engines entirely: "Ultimately, the future is in electric power...
...measures, the $10 billion secondary market for live events is a model of inefficiency. "There's a great deal of time and energy wasted," says Princeton University economist Alan Krueger, who has studied ticket prices. But an upstart business, StubHub.com which was launched near the end of the Internet boom, may yet succeed in changing this landscape. The site is a NASDAQ for tickets, and unlike eBay, StubHub guarantees the transaction and thus a seat. Its home page directs you to concerts, sports or theater events, and after its program crunches the credit-card numbers and finalizes a trade...
Pioneer "neuroeconomists" around the country are ready to knock out the centuries-old model of Homo economicus, or "economic man," the perfectly reasonable, largely imaginary being who day in and day out maximizes his utility and gains and always clearly seeks the right thing to do. It's the foundation for Wall Street's "efficient market," which holds that every trade neatly reflects all available information. In theory, the saying goes, practice and theory are the same. But in practice, they are different...