Economics
Winning but Losing: The Winner’s Curse
The winner’s curse is when the person who most overestimates an item’s uncertain value wins the auction and overpays. This piece covers its origin in Capen, Clapp and Campbell’s 19
Articles to explore
You are browsing the English interface. Articles without a published translation are clearly marked and open in Korean.
810 articles found
Economics
Consumer Price Index (CPI): A Key Indicator That Drives the Economy
The Consumer Price Index (CPI) is one of the key indicators in economics, used to measure changes in consumers' cost of living. This indicator plays an important role in various ar
Tourism studies
How Welcome Turns to Resentment: Doxey's Irritation Index
Why do residents' smiles toward tourists turn into sighs as tourism grows? This article covers the background of Doxey's Irritation Index, its four stages of euphoria, apathy, anno
Statistics
Maximizing Practical Use Through Data Correlation Analysis
Data analysis has become an important tool in the modern business environment. In particular, data correlation analysis plays a key role in understanding relationships among multip
Information technology
Opening the Road to the Future: Innovations and Challenges in Autonomous Driving Technology
Autonomous driving technology is one of the topics attracting considerable attention in modern society. This technology enables vehicles to perceive their surroundings and drive on
Journalism & communication
The News Production Process and Understanding the Role of Gatekeepers
In modern society, news is deeply embedded in our daily lives and is an important medium that provides information about various events and issues. However, news goes through a com
Economics
Getting Sick from a Flood of Money: Dutch Disease
Dutch Disease is the phenomenon in which a sudden boom in one sector, such as natural resources, causes other export industries like manufacturing and agriculture to decline. This
Psychology
The Trap of Words That Fit Everyone: The Barnum Effect
The Barnum effect is our tendency to accept vague personality descriptions that fit almost anyone as accurate analyses of ourselves. This piece covers where the name came from, P.
General knowledge
How Glasses and Vision Correction Work: Correcting Nearsightedness, Farsightedness, and Astigmatism
The main types of vision problems such as myopia, hyperopia, astigmatism, and presbyopia, the science of lenses, materials, and coatings, how each problem is corrected, other corre
Information technology
What Is the Metaverse, What Are Its Features, and What Are Its Prospects?
The metaverse is a concept in which the real and virtual worlds converge through advances in virtual reality technology and the internet. It means creating a virtual world where pe
Economics
The Pricier, the More Desirable: The Veblen Effect
Some goods sell better the more their prices rise. This article explains the Veblen effect, in which the desire to show off drives up demand, covering its meaning and origins, how
General knowledge
Practical Strategies for Improving Business Performance with Proposals
In a business environment, a successful proposal serves as an important tool that determines a company's performance. Proposals play a central role in securing new contracts or inv