Infinite sequences of random (nearly independent) binary digits can be generated having (almost certainly) a remarkable property. Observation of any nonzero fraction such as sequence makes it possible to calculate the values of all the unobserved digits.

This paper presents an overview of the application of the mathematical theory of 'high-low' search to firms' pricing and production decisions. We show how this methodology can be used to determine an optimal sequence of price-quantity decisions by a firm through time. We suppose that the firm...

This paper shows that when workers have some market power and face substantial uncertainty concerning their productivity, it may be in their interest to formulate their wage claims with a view to the information thereby revealed. This learning behaviour may in turn be responsible for...