[XML-DEV Mailing List Archive Home] [By Thread] [By Date] [Recent Entries] [Reply To This Message] RE: Academia needed the Web (Re: Success factors for the Web andSemantic
> Is arbitrage (which basically means buying something in one market and > selling it in another at a higher price) really the word you want here? Yeah, I know dictionary.com uses the narrow definition, but "buy low, sell high" is just one example of arbitrage. "Arbitrage" is widely used in finance, public policy, etc. to mean "exploiting imperfections or inefficiencies in the system for personal benefit." Since it is assumed that all people work in their own best interests, "arbitrage" is not considered fraudulent or dishonest. People will always find ways to obey the letter of the law but not its spirit, and in fact this trend in finance is looked upon favorably, because arbitreurs ultimately expose inefficiencies and thus lead the system to become more efficient. So I used "arbitrage" simply because it acknowledges the "human nature" aspect of people looking for loopholes -- in general arbitreurs are not criminal or even scorned. Of course markets/systems abhor arbitrage, and we try to design preventing arbitrage, but people are crafty. > PS: Could you set your email user agent to omit the winmail.dat > attachment for postings to the mailing list? Thanks! Sorry -- the previous mail was sent from Netscape on a Unix box through outlook web access, and this one is being sent with a daily build of Outlook 10 directly from windows; I bet this one actually behaves properly! The joys of eating our own dogfood...
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