In the 1980's, astronomer Bohdan Paczynski proposed a way of determining whether the enormous dark halo constituting the outermost part of the Milky Way galaxy is composed of MACHO's (massive compact halo objects), which are astronomical objects too dim to be visible. Paczynski reasoned that if MACHO's make up this halo, a MACHO would occasionally drift in front of a star in the Large Magellanic Cloud, a bright galaxy near the Milky Way. The gravity of a MACHO that had so drifted, astronomers agree, would cause the star's light rays, which would otherwise diverge, to bend together so that, as observed from Earth, the star would temporarily appear to brighten, a process known as microlensing. Because many individual stars are of intrinsically variable brightness, some astronomers have contended that the brightening of intrinsically variable stars can be mistaken for microlensing.

However, whereas the different colors of light emitted by an intrinsically variable star are affected differently when the star brightens, all of a star's colors are equally affected by microlensing. Thus, if a MACHO magnifies a star's red light tenfold, it will do the same to the star's blue light and yellow light. Moreover, it is highly unlikely that a star in the Large Magellanic Cloud will undergo microlensing more than once, because the chance that a second MACHO would pass in front of exactly the same star is minuscule.

The system of patent-granting, which confers temporary monopolies for the exploitation of new technologies, was originally established as an incentive to the pursuit of risky new ideas. Yet studies of the most patent-conscious business of all—the semiconductor industry—suggests that firms do not necessarily become more innovative as they increase their patenting activity. Ziedonis and Hall, for example, found that investment in research and development (a reasonable proxy for innovation) did not substantially increase between 1982 and 1992, the industry's most feverish period of patenting. Instead, semiconductor firms simply squeezed more patents out of existing research and development expenditures. Moreover, Ziedonis and Hall found that as patenting activity at semiconductor firms increased in the 1980s, the consensus among industry employees was that the average quality of their firms' patents declined. Though patent quality is a difficult notion to measure, the number of times a patent is cited in the technical literature is a reasonable yardstick, and citations per semiconductor patent did decline during the 1980s. This decline in quality may be related to changes in the way semiconductor firms managed their patenting process: rather than patenting to win exclusive rights to a valuable new technology, patents were filed more for strategic purposes, to be used as bargaining chips to ward off infringement suits or as a means to block competitors' products.