A Quote by Matthew Rabin
A colleague saw the same model-calibrating the elasticity of demand facing a Cournot oligopolist as a function of the number of firms in the industry--described at the University of Chicago and at M.I.T. A Chicago economist derived the formula and said, "Look at how few firms you need to get close to infinite elasticities and perfect competition." An M.I.T. economist derived the same formula and said, "Look at how large n has to be before you get anywhere close to an infinite elasticity and perfect competition."
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Formula One is not sport. Formula One is only intense competition between teams where the competition is really the research, the technology.
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I know not how to express better, what my sins appear to me to be, than by heaping infinite upon infinite, and multiplying infinite by infinite . . . When I look into my heart and take a view of my wickedness, it looks like an abyss infinitely deeper than hell.
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Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition, all profits get competed away.
I had a hard time treating my field as if it’s horse racing, putting actors in competition against each other. I see how the industry and the studios feel it’s important, but I don’t really have a feeling for being in competition. I want to feel sympathetic and close to others, not opposed to them.
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Sooner or later in life everyone discovers that perfect happiness is unrealizable, but there are few who pause to consider the antithesis: that perfect unhappiness is equally unattainable. The obstacles preventing the realization of both these extreme states are of the same nature: they derive from our human condition which is opposed to everything infinite.
How did Haydn and Mozart produce such vast quantities of formally perfect art? They worked from a perfect formula. In music, Beethoven was the Great Emancipator.
I got married three days after graduation, and the first thing I did what I was expected to do which was to work on a small newspaper. So we were in Chicago where my husband worked for the Chicago Sun-Times and we were having dinner with his editor and he said 'So what are you 'gonna do honey?' and I said 'I'm going to work on a newspaper', and he said 'I don't think so", because Newspaper Guild regulations said that I couldn't work on the same newspaper as my husband.
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I saw a close friend of mine the other day. . . . He said, "Stephen, why haven't you called me?" I said, "I can't call everyone I want. My new phone has no five on it." He said, "How long have you had it?" I said, "I don't know . . . my calendar has no sevens on it."
When you're talking about proper competition, I think Formula E has good competition.
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