Author name: S Anand

More on expectations higher than expected

After reading my post on the ET article mentioning “expected to see a higher than expected rise“, a certain CA gold-medallist friend of mine wrote back this obscure note that I refuse to understand:

… if you take it literally it is not possible. To put it more technically, something called a law of iterated expectation comes to play. Today’s expectation of tomorrow’s expectation about what will happen day after is just today’s expectation of what will happen day after.

I think what they mean by “…” is that the revised expectation is higher than the earlier expectation.

She is in the habit of being right, so I had better accede.

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There is no point buying faster PCs

There’s no point buying faster PCs, since there aren’t many applications that need more computing power, says this NY Times article. via Scripting News

In the past, the bulk of PC sales came from replacements. I’ve seen PCs being replaced because they didn’t have enough RAM for Windows 3.1, or Windows NT ran too slow on them. Today, I’d rather spend the money on a digital video camera and an additional hard disk. My 1.6GHz processor is faster than I need anyway.

What I like best is that three years from now, I don’t need to feel embarrassed about owning an archaic 1.6GHz P4. It’s enough for me!

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