Economics
Only the Bad Cars Remain: The Market for Lemons
Why can good products disappear from a market where buyers cannot judge quality? This article covers Akerlof's 1970 paper, how adverse selection drives good goods out, examples bey
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799 articles found
Economics
Why can good products disappear from a market where buyers cannot judge quality? This article covers Akerlof's 1970 paper, how adverse selection drives good goods out, examples bey
Education
Even when learners study the same materials for the same amount of time, their results differ markedly. In the past, academics often dismissed these differences as simply a matter
Economics
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
Information technology
Why have computers kept getting smaller, faster, and cheaper for more than half a century? This article explains Moore’s Law: how it began, what it really means, how it changed the
Journalism & communication
In this article, we aim to offer a realistic analysis of the media's social influence and ripple effects and examine the implications that can be drawn from it. The media play a ve
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
Business administration
ERP (Enterprise Resource Planning) systems have become essential tools in business management today. These systems connect a company's various departments through a single integrat
Social welfare
Time banking is a neighborhood service-exchange system in which people earn time credits for the hours they spend helping others and use those credits to get help when they need it
Physics
Rayleigh scattering, worked out by Lord Rayleigh in 1871, is the scattering of light by particles much smaller than its wavelength, such as air molecules, and it is far stronger fo
General knowledge
Godwin’s Law is the internet adage that the longer an online discussion grows, the closer the probability of someone comparing others to Nazis or Hitler gets to 1. This article cov
General knowledge
Life consists of checking your smartphone as soon as you open your eyes each morning, working in front of a monitor all day, and enjoying content until bedtime. This routine is all
Social welfare
Single-parent families are becoming an increasingly important social issue in modern society. Various social welfare programs are available for single-parent families that need fin