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810 articles found

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Tourism studies

A Journey That Peeks Behind the Stage: Staged Authenticity

Staged authenticity is the idea that tourist destinations present a version of local life arranged to look genuine to visitors. This article covers the basic concept, the six stage

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Physics

The Endless Jiggle: Brownian Motion

Why do tiny particles in water never stop jiggling? This article explains Brownian motion, first observed by Robert Brown, the principle Einstein uncovered behind it, Perrin's expe

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Economics

The Looseness Insurance Brings: Moral Hazard

Moral hazard is the tendency to act more carelessly or boldly once risk has shifted to someone else. This article covers its meaning, how it differs from adverse selection, everyda

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Statistics

Same Numbers, Different Pictures: Anscombe’s Quartet

Anscombe’s Quartet is a set of four datasets whose summary statistics are nearly identical but whose graphs look completely different. This piece covers how it came about, the trap

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Logistics

First Come, First Out: First In, First Out (FIFO)

First In, First Out (FIFO) is the inventory practice of shipping out goods in the order they arrived. We look at what FIFO means and why it matters, the related methods of First Ex

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Business administration

The Power That Overturns From Below: Disruptive Innovation

Disruptive innovation is innovation that looks inferior at first but wins new customers with a cheaper, simpler alternative and gradually takes over the mainstream market. This art

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Psychology

Same Words, Different Sound: The Framing Effect

The framing effect is a cognitive bias in which logically identical options lead to different choices depending on whether they are described as gains or losses. This article cover

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General knowledge

It Always Takes Longer Than Expected: Hofstadter’s Law

Hofstadter’s Law says that it always takes longer than you expect, even when you take the law into account. This piece covers its origin in Gödel, Escher, Bach, its recursive struc