Word: predict
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...branch of economics dedicated to strategic questions of this sort. Game theory's great insight is that irrationality can be an asset. If you can convince the world that you're nuts--and the surest way to do that is to be nuts--your behavior becomes impossible to predict or control. You become, in a way, invulnerable...
...predict we'll see the virus in California by late this year and early next year. There is an upside to the diffusion of West Nile: whenever a virus like this spreads, most people who are exposed to it will develop immunity and the rate of infection will decline. This is the usual expectation, and it seems to hold for this virus - three years ago we saw an outbreak in New York City, then last year, the infections spread south, and this year it's moving west...
...introduce cheaper models made by Motorola and Korea's LG for around $250. A competing technology developed by Sun, called Java virtual machine, or JVM, is also starting to bubble. Although it is available on just a few phones--such as those made by Siemens, Nokia and Motorola--analysts predict that by 2003 one-quarter of the 660 million new mobile phones sold worldwide will be equipped with...
After a final push downward last October, most rates bounced back so quickly that many consumers couldn't seize the moment. Now rates are even lower than they were last autumn, and they may be headed lower still. Lehman Bros., Goldman Sachs and Deutsche Bank all predict that the benchmark short-term federal-funds target rate--at just 1.75%--will go to 1% by the end of the year as Fed Chairman "Sir" Alan Greenspan (soon to be knighted for his role in the global economy) dons armor against the double-dip recession dragon. A quarter-point cut could come...
...After a final push downward last October, most rates bounced back so quickly that many consumers couldn't seize the moment. Now rates are even lower than they were last autumn, and they may be headed lower still. Lehman Bros., Goldman Sachs and Deutsche Bank all predict that the benchmark short-term federal-funds target rate - at just 1.75% - will go to 1% by the end of the year as Fed Chairman "Sir" Alan Greenspan (soon to be knighted for his role in the global economy) dons armor against the double-dip recession dragon. A quarter-point cut could come...