Eric Schmidt, Executive Chariman Google at Gartner Symposium/ITxpo 2013 in Orlando - YouTube:
Full session on Gartner Events On Demand
http://www.gartnereventsondemand.com/...
Eric Schmidt declares Android more secure than iOS @ ZDNet
Wednesday, October 09, 2013
Information Asymmetry: The Market for Lemons
"The Market for Lemons: Quality Uncertainty and the Market Mechanism" is a 1970 paper by the economist George Akerlof. It discusses information asymmetry, which occurs when the seller knows more about a product than the buyer. A lemon is an American slang term for a car that is found to be defective only after it has been bought. Akerlof, Michael Spence, and Joseph Stiglitz jointly received the Nobel Memorial Prize in Economic Sciencesin 2001 for their research related to asymmetric information."
Therefore, owners of good cars will not place their cars on the used car market. The withdrawal of good cars reduces the average quality of cars on the market, causing buyers to revise downward their expectations for any given car. This, in turn, motivates the owners of moderately good cars not to sell, and so on. "
Both the American Economic Review and the Review of Economic Studies rejected the paper for "triviality," while the reviewers for Journal of Political Economy rejected it as incorrect, arguing that if this paper was correct, then no goods could be traded.[2] Only on the fourth attempt did the paper get published in Quarterly Journal of Economics.[3] Today, the paper is one of the most-cited papers in modern economic theory (more than 8,530 citations in academic papers as of May 2011),[4] and has profoundly influenced virtually every field of economics, from industrial organisation and public finance to macroeconomics and contract theory.
Thesis
" Because many important mechanical parts and other elements are hidden from view and not easily accessible for inspection, the buyer of a car does not know beforehand whether it is a cherry or a lemon. So the buyer's best guess for a given car is that the car is of average quality; accordingly, he/she will be willing to pay for it only the price of a car of known average quality. This means that the owner of a carefully maintained, never-abused, good used car will be unable to get a high enough price to make selling that car worthwhile.Therefore, owners of good cars will not place their cars on the used car market. The withdrawal of good cars reduces the average quality of cars on the market, causing buyers to revise downward their expectations for any given car. This, in turn, motivates the owners of moderately good cars not to sell, and so on. "
Critical reception
Both the American Economic Review and the Review of Economic Studies rejected the paper for "triviality," while the reviewers for Journal of Political Economy rejected it as incorrect, arguing that if this paper was correct, then no goods could be traded.[2] Only on the fourth attempt did the paper get published in Quarterly Journal of Economics.[3] Today, the paper is one of the most-cited papers in modern economic theory (more than 8,530 citations in academic papers as of May 2011),[4] and has profoundly influenced virtually every field of economics, from industrial organisation and public finance to macroeconomics and contract theory.Samsung Galaxy Round, Curved Smartphone
Samsung Unveils Curved Smartphone in Challenge to Apple - Bloomberg
"Samsung Electronics Co. will start selling what it called the world’s first smartphone with a curved display as the largest handset maker adds another device to help win users from Apple Inc.
The 5.7-inch (14 centimeter) Galaxy Round will go on sale starting tomorrow in South Korea and cost 1,089,000 won ($1,010), Samsung said in an e-mailed statement today. The 7.9 millimeter thick device will only be available in the Suwon, South Korea-based company’s home market and comes in brown.
...
Samsung shipped about 32 percent of global smartphone deliveries in the second quarter, more than twice its nearest competitor, Apple, according to researcher IDC.
"Samsung Electronics Co. will start selling what it called the world’s first smartphone with a curved display as the largest handset maker adds another device to help win users from Apple Inc.
The 5.7-inch (14 centimeter) Galaxy Round will go on sale starting tomorrow in South Korea and cost 1,089,000 won ($1,010), Samsung said in an e-mailed statement today. The 7.9 millimeter thick device will only be available in the Suwon, South Korea-based company’s home market and comes in brown.
...
Samsung shipped about 32 percent of global smartphone deliveries in the second quarter, more than twice its nearest competitor, Apple, according to researcher IDC.
...
Samsung is also the world’s biggest maker of chips and televisions."
3D Printing from Windows 8.1
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