It also means allocating resources more efficiently and being more innovative. In my remarks today, I'm going to focus on the two latter elements—efficient allocation and innovation. I'll start with efficient allocation. At any point in time, we allocate resources among competing uses, always trying to use the resources we have as efficiently as possible.
A public commission was set up to study this intelligent animal, but could find no evidence of a hoax. It was a young researcher who eventually discovered what was going on. After years of training, “Clever Hans” was able to identify tiny changes in the questioners’ facial expressions that unintentionally signalled the expected behaviour.