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Economics

Too Invested to Quit: The Sunk Cost Fallacy

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

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General knowledge

CCL (Copyright and Licensing of Creative Works) Explained

CCL (Creative Commons License) lets creators state in advance how their work may be used, so others can use it without asking for permission each time. This article explains the co

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Economics

Bad Money Wins: Gresham's Law

If you had a worn, crumpled bill and a crisp new one in your wallet, which would you hand over first? This article explains Gresham's Law, the idea that bad money drives out good:

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Information technology

Just Keep the Key Secret: Kerckhoffs's Principle

Kerckhoffs's Principle holds that a cryptographic system should stay secure even if everything except the key is known. This piece covers Auguste Kerckhoffs's 1883 “La Cryptographi

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Food & nutrition

The Secret of Foods That Don't Spoil: Water Activity

Why doesn't honey spoil easily even though it contains water? This article explains water activity, a measure of the free water in food, and how it is measured, the limits below wh