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
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810 articles found
Economics
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
Journalism & communication
The Spiral of Silence is the process by which people sense the climate of opinion, speak up for views that seem to be in the majority, and stay quiet about views that seem to be in
Psychology
Psychologist Abraham Maslow divided basic human needs into five stages. This article introduces his hierarchy of needs, from physiological needs, safety, and belonging and love to
Psychology
The McGurk effect is an illusion in which a mismatch between the sound you hear and the lip movements you see makes you hear a sound that was never actually spoken. This article co
Information technology
How did the early internet keep working despite small differences between implementations? This article covers where Postel's Law (the Robustness Principle) came from, why it matte
Social welfare
Social welfare used to be simple. It consisted entirely of delivering goods (In-kind), such as rice or instant noodles, to neighbors facing financial hardship, or depositing a set
Food & nutrition
Why do bread crusts and grilled meat turn brown and taste so savory? This article explains what the Maillard reaction is and how it works, conditions such as temperature, moisture,
Chemistry
Why don’t books on a shelf catch fire by themselves? Reactions must first climb an energy hill called activation energy. This piece covers the Arrhenius equation, why heat speeds r
Information technology
The CAP theorem states that a distributed system cannot guarantee consistency, availability, and partition tolerance all at once. This article covers how the theorem came about and
Social welfare
Family welfare is regarded as an important element that forms the foundation of every society. It plays an important role in improving individuals' quality of life, ensuring social
Chemistry
Deliquescence is when a solid absorbs moisture from the air and then dissolves in the water it has absorbed. Learn how it differs from hygroscopy, the humidity at which solids begi
Food & nutrition
Rancidity is the process in which the fats in food break down by reacting with oxygen, water, or enzymes, producing unpleasant smells and flavors and lowering quality. We look at i