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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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Earth science

Cooling Cities: Understanding and Responding to Heat Waves

Heat waves are occurring frequently around the world, and their intensity and frequency are steadily increasing. As a result, many people are experiencing health problems, and agri

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Physics

Lifting a Car with a Small Force: Pascal’s Principle

Pascal’s principle states that pressure applied to a confined fluid at rest is transmitted undiminished throughout the fluid. We look at how it was formulated, how hydraulic device

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General knowledge

A Simple Guide to Writing a Personal Statement

This time, I would like to cover the basics of writing a personal statement that you need when applying to a school, company, or similar institution. A personal statement (self-int

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General knowledge

The Principles of Brainstorming and How to Conduct It

This time, I would like to introduce brainstorming, a technique used especially often in situations that call for ideas. Although it is already a well-known technique, some people

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Economics

Reading the Economy through the Producer Price Index (PPI)

The Producer Price Index (PPI) is an economic indicator and an important tool for measuring changes in the prices of goods and services that producers supply to the market. It does