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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

A Miracle Comes Once a Month: Littlewood’s Law

Littlewood’s Law is the rule of thumb that an event as rare as one in a million happens to an ordinary person about once a month. This article explains its origins with J. E. Littl

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Business administration

It Gets Cheaper the More You Make: The Experience Curve

The experience curve is the phenomenon in which the cost of making one unit falls by a fixed percentage every time cumulative production doubles. This piece covers its origins, fro

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General knowledge

Know the Reason Before You Tear It Down: Chesterton’s Fence

Chesterton’s Fence is the principle that you shouldn’t remove a rule or custom until you understand why it exists. This piece covers its origin in G. K. Chesterton’s 1929 essay, th

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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

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Film & media

The Grammar of Space: The 180-Degree Rule

When two people face each other in conversation on screen, we never lose track of who is sitting where, thanks to a filmmaking convention known as the 180-degree rule. This article