The absurdity, as Mr Rabin and Mr Thaler emphasise, is not a trick reflecting particular assumptions, but is wired into the standard theory.
Its significance for the standard theory remains to be seen.
His paper in effect unpacks the standard theory, apparently challenged by the current facts, into two parts one about the labour market, and the other about the connection between the labour market and general price inflation.
One of the predictions of their revised Standard Theory was the existence of two previously unsuspected quarks the bottom and the top.
The efforts put into finding the boson relate to its status as the last missing piece in the the Standard Model - the most widely accepted theory of particle physics.
What's more, physicists are still finalizing the standard model, the theory behind particles.
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Dennett, a Tufts University philosopher whose work on consciousness and free will has fundamentally influenced many scientists who study the brain, says he does not think Lanza's thinking meets the standard of a philosophical theory either.
That's the same charging standard that the tablet uses, so in theory you could travel with just one cable and switch off as needed.
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The Higgs boson is of huge importance to the widely accepted theory of physics, known as the Standard Model.
The theory is now standard practice for the Fed and most modern economists, including Alan Greenspan.
But that difference still neatly fits within existing theory - the Standard Model - leaving a mystery unresolved.
This is not a unified theory in the standard sense of physics.
The probable discovery added a final missing piece to the framework known as the Standard Model, which stands as the most widely accepted theory to explain how particles of matter interact.
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This was the development of the current theory in the 1960s and 70s called the "Standard Model".
The simplest form - that which fits neatly into the existing Standard Model of particle physics - would surely shore up the theory, but the possible existence of more "exotic" versions of the particle would open exciting new vistas in science.
Standard PR theory would suggest the company apologize, and step up its good-works marketing, whether giving away money or running more ads touting its commitment to alternate energy research, in order to combat the bad press.
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On the other hand, the good news for physicists is that, if the theory is correct, the loops formed by these extra dimensions, unlike those of standard string theory, will be relatively large.
And what that survey seems to be showing is that in the UK, at present, our marginal propensities to save or spend are the wrong way around (according to standard Keynesian theory that is).
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Standard evolutionary theory says that females should generally be the choosy sex because a female's maximum reproductive output is more limited than a male's.
Since standard economic theory assumes transaction costs to be zero, the Coase Theorem demonstrates that the Pigovian solutions are unnecessary in these circumstances.
But, in theory, Barclays, Standard Chartered and HSBC have the option of paying a lower amount by moving their respective domiciles, their homes, offshore (to be clear, they'd still have to pay a fair whack, because they would still have taxable debt in the UK).
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