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๐ The Nature of the Firm (1937)
"The Nature of the Firm" (1937) is an article by Ronald Coase. It offered an economic explanation of why individuals choose to form partnerships, companies and other business entities rather than trading bilaterally through contracts on a market. The author was awarded the Nobel Memorial Prize in Economic Sciences in 1991 in part due to this paper. Despite the honor, the paper was written when Coase was an undergraduate and he described it later in life as "little more than an undergraduate essay."
The article argues that firms emerge because they are better equipped to deal with the transaction costs inherent in production and exchange than individuals are. Economists such as Oliver Williamson, Douglass North, Oliver Hart, Bengt Holmstrรถm, Arman Alchian and Harold Demsetz expanded on Coase's work on firms, transaction costs and contracts. Economists and political scientists have used insights from Coase's work to explain the functioning of organizations in general, not just firms. Coase's work strongly influenced the New Economics of Organization (New Institutional Economics).
Coase's article distinguished between markets as a coordination mechanism and firms as a coordination mechanism.
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- "The Nature of the Firm (1937)" | 2022-05-13 | 132 Upvotes 56 Comments
๐ Volume of an n-ball tends to a limiting value of 0 as n goes to infinity
In geometry, a ball is a region in a space comprising all points within a fixed distance, called the radius, from a given point; that is, it is the region enclosed by a sphere or hypersphere. An n-ball is a ball in an n-dimensional Euclidean space. The volume of a n-ball is the Lebesgue measure of this ball, which generalizes to any dimension the usual volume of a ball in 3-dimensional space. The volume of a n-ball of radius R is where is the volume of the unit n-ball, the n-ball of radius 1.
The real number can be expressed by a expression involving the gamma function. It can be computed with several recurrence relations. It can be expressed in terms of the area of the unit n-sphere.
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- "Volume of an n-ball tends to a limiting value of 0 as n goes to infinity" | 2022-05-12 | 90 Upvotes 50 Comments
๐ Project Denver
Project Denver is the codename of a microarchitecture designed by Nvidia that implements the ARMv8-A 64/32-bit instruction sets using a combination of simple hardware decoder and software-based binary translation (dynamic recompilation) where "Denver's binary translation layer runs in software, at a lower level than the operating system, and stores commonly accessed, already optimized code sequences in a 128ย MB cache stored in main memory". Denver is a very wide in-order superscalar pipeline. Its design makes it suitable for integration with other SIPs cores (e.g. GPU, display controller, DSP, image processor, etc.) into one die constituting a system on a chip (SoC).
Project Denver is targeted at mobile computers, personal computers, servers, as well as supercomputers. Respective cores have found integration in the Tegra SoC series from Nvidia. Initially Denver cores was designed for the 28nm process node (Tegra model T132 aka "Tegra K1"). Denver 2 was an improved design that built for the smaller, more efficient 16nm node. (Tegra model T186 aka "Tegra X2").
In 2018, Nvidia released an improved design (codename: "Carmel", based on ARMv8 (64-bit; variant: ARM-v8.2 with 10-way superscalar, functional safety, dual execution, parity & ECC) got integrated into the Tegra Xavier SoC offering a total of 8 cores (or 4 dual-core pairs). The Carmel CPU core supports full Advanced SIMD (ARM NEON), VFP (Vector Floating Point), and ARMv8.2-FP16. First published testings of Carmel cores integrated in the Jetson AGX development kit by third party experts took place in September 2018 and indicated a noticeably increased performance as should expected for this real world physical manifestation compared to predecessors systems, despite all doubts the used quickness of such a test setup in general an in particular implies. The Carmel design can be found in the Tegra model T194 ("Tegra Xavier") that is designed with a 12 nm structure size.
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- "Project Denver" | 2022-05-08 | 23 Upvotes 8 Comments
๐ Mono No Aware
Mono no aware (็ฉใฎๅใ), literally "the pathos of things", and also translated as "an empathy toward things", or "a sensitivity to ephemera", is a Japanese idiom for the awareness of impermanence (็กๅธธ, mujล), or transience of things, and both a transient gentle sadness (or wistfulness) at their passing as well as a longer, deeper gentle sadness about this state being the reality of life.
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- "Mono No Aware" | 2022-05-05 | 27 Upvotes 4 Comments
๐ SQRL
SQRL (pronounced "squirrel") or Secure, Quick, Reliable Login (formerly Secure QR Login) is a draft open standard for secure website login and authentication. The software typically uses a link of the scheme sqrl:// or optionally a QR code, where a user identifies via a pseudonymous zero-knowledge proof rather than providing a user ID and password. This method is thought to be impervious to a brute force password attack or data breach. It shifts the burden of security away from the party requesting the authentication and closer to the operating system implementation of what is possible on the hardware, as well as to the user. SQRL was proposed by Steve Gibson of Gibson Research Corporation in October 2013 as a way to simplify the process of authentication without the risk of revelation of information about the transaction to a third party.
๐ Wikipedia: Articles for deletion/Year 2038 problem
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- "Wikipedia: Articles for deletion/Year 2038 problem" | 2022-05-03 | 17 Upvotes 11 Comments
๐ May Day
May Day is a public holiday in some regions, usually celebrated on 1 May or the first Monday of May. It is an ancient festival marking the first day of summer, and a current traditional spring holiday in many European cultures. Dances, singing, and cake are usually part of the festivities.
In 1889, May Day was chosen as the date for International Workers' Day by the socialists and communists of the Second International, as well as anarchists, labor activists, and leftists in general around the world, to commemorate the Haymarket affair in Chicago and the struggle for an eight-hour working day. International Workers' Day is also called "May Day", but it is a different celebration from the traditional May Day.
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- "May Day" | 2022-05-01 | 57 Upvotes 8 Comments
๐ Transactive Memory
Transactive memory is a psychological hypothesis first proposed by Daniel Wegner in 1985 as a response to earlier theories of "group mind" such as groupthink. A transactive memory system is a mechanism through which groups collectively encode, store, and retrieve knowledge. Transactive memory was initially studied in couples and families where individuals had close relationships but was later extended to teams, larger groups, and organizations to explain how they develop a "group mind", a memory system that is more complex and potentially more effective than that of any of its individual constituents. A transactive memory system includes memory stored in each individual, the interactions between memory within the individuals, as well as the processes that update this memory. Transactive memory, then, is the shared store of knowledge.
According to Wegner, a transactive memory system consists of the knowledge stored in each individual's memory combined with metamemory containing information regarding the different teammate's domains of expertise. The transactive memory system works similarly to external memory, where other members of the group are the external memory aid. Just as an individual's metamemory allows them to be aware of what information is available for retrieval, so does the transactive memory system provide teammates with information regarding the knowledge they have access to within the group. Group members learn who knowledge experts are and how to access expertise through communicative processes. In this way, a transactive memory system can provide the group members with more and better knowledge than any individual could access on their own.
๐ Fourth-Generation Programming Language
A fourth-generation programming language (4GL) is any computer programming language that belongs to a class of languages envisioned as an advancement upon third-generation programming languages (3GL). Each of the programming language generations aims to provide a higher level of abstraction of the internal computer hardware details, making the language more programmer-friendly, powerful, and versatile. While the definition of 4GL has changed over time, it can be typified by operating more with large collections of information at once rather than focusing on just bits and bytes. Languages claimed to be 4GL may include support for database management, report generation, mathematical optimization, GUI development, or web development. Some researchers state that 4GLs are a subset of domain-specific languages.
The concept of 4GL was developed from the 1970s through the 1990s, overlapping most of the development of 3GL, with 4GLs identified as "non-procedural" or "program-generating" languages, contrasted with 3GLs being algorithmic or procedural languages. While 3GLs like C, C++, C#, Java, and JavaScript remain popular for a wide variety of uses, 4GLs as originally defined found uses focused on databases, reports, and websites. Some advanced 3GLs like Python, Ruby, and Perl combine some 4GL abilities within a general-purpose 3GL environment, and libraries with 4GL-like features have been developed as add-ons for most popular 3GLs, producing languages that are a mix of 3GL and 4GL, blurring the distinction.
In the 1980s and 1990s, there were efforts to develop fifth-generation programming languages (5GL).
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- "Fourth-Generation Programming Language" | 2022-04-27 | 120 Upvotes 103 Comments
๐ The Manual (How to Have a Number One the Easy Way) by the KLF
The Manual (How to Have a Number One the Easy Way) is a 1988 book by "The Timelords" (Jimmy Cauty and Bill Drummond), better known as The KLF. It is a step-by-step guide to achieving a No.1 single with no money or musical skills, and a case study of the duo's UK novelty pop No. 1 "Doctorin' the Tardis".
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- "The Manual (How to Have a Number One the Easy Way) by the KLF" | 2022-04-26 | 12 Upvotes 3 Comments