“"When we work on making our devices accessible by the blind," he said, "I don’t consider the bloody ROI." He said that the same thing about environmental issues, worker safety, and other areas where Apple is a leader.”
The Pacman Conjecture holds that durable goods monopolists have complete market power and so can exercise perfect price discrimination, thus extracting the total surplus. This is in contrast to the Coase Conjecture which holds that a durable goods monopolist has no market power, and so price is equal to the competitive market price.
In a December 1989 journal article Mark Bagnoli, Stephen W. Salant, and Joseph E. Swierzbinski theorized that if each consumer could be relied upon to buy a good as soon as its price dipped below a certain point (with different consumers valuing goods differently, but all pursuing the same “get-it-while-you-can” strategy), then a monopolist could set prices very high initially and then “eat his way down the demand curve,” extracting maximum profit in what Bagnoli et al. called “the Pacman strategy” after the voracious video-game character. Specifically, Bagnoli et al. state that “Pacman is a sequential best reply to get-it-while-you-can,” a result they call “the Pacman Theorem”. Their proof, however, relies strongly on the assumption that there is an infinite time horizon.
“When Gulliver got wind of post, which didn’t take long, as Dana was a former student, the school refused to pay a dime because the father had signed a confidentiality agreement - and on Wednesday a Florida appeals court found in its favour.”
“The measure, which would also require the clinics to report “whenever an infant is born alive after a botched abortion,” was championed by the Center for Arizona Policy, the same powerful Evangelical Christian group that pushed a bill Ms. Brewer vetoed on Wednesday that would have made it easier for businesses to refuse service to gay men, lesbians and other people on religious grounds.”
“Swimming is the ultimate form of sensory deprivation,” Diana Nyad told The New York Times in 2011, describing her attempt to be the first to swim from Cuba to Florida without a shark cage, a feat she finally accomplished last year. “You are left alone with your thoughts in a much more severe way.”
“The boom in nonreligious A.A. represents another manifestation of a more visible and confident humanist movement in the United States, one that has featured public figures such as Bill Maher, Sam Harris and the late Christopher Hitchens. Yet this recent trend within A.A. also marks a departure from the organization’s traditional emphasis on religion.”