This paper studies a market for new projects with endogenous information acquisition by experts (venture capitalists). It nds that the crowd-like behavior of experts is characteristic of investments in new elds where prospects of new projects are unknown but correlated and experts independently collect small bits of information: each expert acquires a signal about a project and invests when the...

COMPARED WITH MOST NEUROPHYSIOLOGICAL phenomena, muscle contraction is a slow process. After an action potential has arrived at the muscle fiber membrane, it takes some 30 ms to fully start up the contractile machinery, and it takes even longer to stop it, i.e., to relax force. The contractile muscle properties differ between fast and slow muscle fibers, and they also change during contraction:...

The key to understanding the nature of government is to be found in the old debate between realists and political utopians of many kind. This controversy has several fields including the epistemological issues of political knowledge, the disagreements between philosophers and historians, and the political clashes of liberals wih conservatives. As for the status of political knowledge, the first...

O ur habii of dt-lighting in news of scientific and lethnological breaklhioiighs lias bf f n sorely challf nged by the birib ainiotinceinem of a sheep named Dolly. Though Dolly shares with previous sheep the "softest clothing, woolly, briglu." William Blake's question, "Little Lamb, who made thee?" has tor her a radically different answer: Dolly was, quite literally, made. She is the work not o...

The purpose of this research was to empirically determine what benefits were realized by organizations that have undertaken a Business Process Reengineering (BPR) project. The survey’s respondents indicated that they were general& satis$ed with their BPR projects. The findings suggest that BPR enabled organizations to increase productivity+ to raise the qua@ of products and services, to increas...

2013 is the year of the snake in the lunar calendar. The snake symbolizes many things in both Eastern and Western mythologies. Especially in Eastern Asia, snakes are respected as a symbol of harvest and fertility, whereas in Greek mythology, snakes have symbolic significance in science. Just as a snake sheds its old skin, the Korean Journal of Urology (KJU) in 2013 plans to mature with an upgra...

Collect ive guidance wisdom T raditionally, cell migration studies focus on the responses of a single cell to guidance signals, but migrations during development and metastasis involve traveling clumps of cells. Pernille Rørth and colleagues (EMBL, Heidelberg, Germany) now show that a collective consciousness can direct the migration of cell clusters. The team tracked two distinct migration pha...

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