Economic stabilization focuses on maintaining a sustainable growth path for a national economy while minimizing economic volatility. Quantitative easing (QE, Quantitative Easing) i
Why is it so likely that two people in a small group share a birthday? This article covers the birthday paradox, the two keys to calculating it, why our intuition misses it, and ho
Modern science plays a central role in understanding the various phenomena we encounter in everyday life and developing new technologies based on that understanding. Among its theo
A deadlock is a state in which several programs each wait for a resource the other holds, so none of them can move forward. This article covers how deadlocks arise, the four Coffma
The Five Laws of Library Science are five short principles, published by the Indian mathematician and librarian S. R. Ranganathan in 1931, that sum up whom and what a library exist
Why is the short trip from a local depot to your front door the costliest and hardest part of logistics? This article covers what last-mile delivery is, why it is so expensive, the
Why does performance often jump right after a new management practice is introduced, only to slip back later? This article explains the Hawthorne effect: its definition and the ori
Considered one of the innovations of modern technology, 3D printers are bringing major changes to industries ranging from manufacturing to medicine, education, and art. 3D printers
A collaborative robot, or cobot, is a robot designed to share a workspace with people and to reduce its own force and speed when it comes close or makes contact, so no one gets hur
This time, I would like to put together material about mind mapping, a technique frequently used to discover (generate) new ideas. Whereas brainstorming, another method for generat
Coined by industrial designer Raymond Loewy, the MAYA principle says a design should be as advanced as possible while staying within what people can accept. This article covers Loe
Every day, we live amid countless advertisements and marketing campaigns. Within this flood, there are figures with the power to instantly capture our attention and move our hearts