You sit there waiting for the RED LIGHT to go on. You could be sitting there for five minutes, waiting, while the producer talks to the engineer. Then the light goes on you know that you mustn't make a mistake for at least 4 minutes. ↗
My research, even before 1972, moved in directions beyond those cited for the Nobel Memorial Prize. Most of it, in one way or another, deals with information as an economic variable, both as to its production and as to its use. ↗