Ancient industry wisdom has it that motion picture audiences and box office revenues are starkly uncertain. It is only with the development of the sciences of complexity that we can begin to grasp what very producer awaiting first-weekend box office reports about his movie has always known - the...

A growing literature has brought to our attention the importance of information transmission and aggregation for economic and political behavior. Many recent studies of cascades point to the possibility of information cascades in economies with local learning and information transmission....

Everyone knows that the movie business is risky. But how risky is it? Do strategies exist that reduce risk? We investigate these questions using a sample of over 200 motion pictures. We discover that the movies are very risky indeed. Box-office revenues are asymptotically Pareto-distributed and...

This paper estimates the probability distribution of budgets, revenues, returns and profits to G-, PG-, PG13-, and R-rated movies. The distributions are non-Gaussian and show a self-similar stable Paretian form with non-finite variance and non-stationary mean.

The spectrum auctions have heightened our perceprion of the electromagnetic spectrum. This invisible resource is one of the most valuable and important resource of our time.