An industry trade group has given this particular standard a friendlier name, Wi-Fi.

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It is possible for a particular standard to become entrenched in the market, despite the fact that most users would have preferred a different one.

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Carriers are now shifting their focus to 4G networks, in particular the LTE standard, which features much faster upload and download speeds.

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They print just 10, 000 copies, and leave them to be picked up at particular places, including the Standard Hotel and the Museum of Modern Art (though the excellent website adds a whole other layer, with featured videos of chosen subjects).

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The absurdity, as Mr Rabin and Mr Thaler emphasise, is not a trick reflecting particular assumptions, but is wired into the standard theory.

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For those that are unfamiliar to IPOs and in particular lock-up expirations, as part of early standard startup procedures, companies will typically issue millions of shares to (among others) employees, venture capitalists and mezzanine investors.

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For those that are unfamiliar with IPOs and in particular lock-up expiration: as part of early standard start-up procedures, companies will typically issue millions of shares to (among others) employees, venture capitalists and mezzanine investors.

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In particular, there has been recognition that the current disability standard for Medicaid and other public programs that keeps most people with HIV from becoming eligible for Medicaid until they have an AIDS diagnosis is a serious problem.

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In particular, China gave up a plan for its own wireless encryption standard.

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