The Elizabethan Poor Law was a 1601 English law that made each parish collect a tax to support its poor instead of leaving relief to church charity alone. Learn why it was created,
A colloid is a mixture in which particles too small to see are evenly dispersed and suspended in another substance. This article explains how colloids differ from solutions, the co
Can you still protect your livelihood when illness or job loss keeps you from working? This article explains decommodification as defined by Gøsta Esping-Andersen, the criteria use
A scale assigns numbers to the attributes of people or objects so they can be expressed statistically. This article explains the four types of scales widely used in sociology, psyc
Macroeconomics plays an important role in understanding the overall state and trends of a national economy. South Korea's economy currently faces various challenges and opportuniti
The trade balance is one of the key indicators for assessing and understanding a country's economic conditions. It represents the difference between exports and imports arising fro
Hindsight bias is the mental habit of believing, after something has happened, that we could have predicted the outcome from the start. We look at the experiments that first confir
P-hacking is the practice of analysing data in different ways until a “statistically significant” result appears. We look at what p-values mean, the common ways p-hacking happens,
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
Gut health and immunity are emerging as important aspects of health in modern life. Because much of our body's immune system begins in the gut, maintaining gut health is essential
Cybersecurity has become an essential part of modern information society, with understanding malicious software (Malware) and responding to it playing a central role. Malware is ha
Why do we sit through a dull movie just because we paid for the ticket? This guide explains sunk costs, the bygones principle, why people fall into the sunk cost fallacy, classic e