Quotes from Richard Bookstaber

The term railway was to Victorian England what atomic or aerodynamic were to be after World War II, and network and virtual are today. When it came to investments, the romantic appeal of being a party to this technological revolution often dominated profit considerations.

Baron Rothschild quipped that there are "three principal ways to lose your money: wine, women, and engineers. While the first two are more pleasant, the third is by far more certain.

Linda is thirty-one years old, single, outspoken, and very bright. She majored in philosophy. As a student she was deeply concerned with issues of discrimination and social justice and also participated in anti-nuclear demonstrations. Which of two alternatives is more probable? A. Linda is a bank teller. B. Linda is a bank teller and is active in the feminist movement.

One of the most important axioms is that as the quantity of any commodity, for instance plain food, which a man has to consume increases, so the utility or benefit from the last portion used decreases in degree.

We can use the same model for pedestrians. The rules will be similar, in that movement will be dictated by the space available, but there is more freedom of movement because, unlike cars, which have defined lanes and tend not to push around and over one another, people in a crowd are less constrained. That is why you can have crushing stampedes emerge from pedestrian congestion while cars patiently wait in line.