Tuesday, May 4, 2004
Tech & Science
Google's "Winner's Curse"
Winning an auction usually means that you thought the item was worth mor ethan anyone else did. This is bad news because other people probably know something about the good that you don't, so the mere fact of your winning should cause you to lower your estimate of the good's value.
The Universe At The Tip Of His Ballpoint Pen
The stars that shine brightest in Malibu are not the celebrities dotting the beachfront properties but the celestial bodies parading nightly over Russell Crotty's observatory high on a cliff above the Pacific.