Archives
Jealousy & Envy Bias
Jealousy is the desire to keep what you have, whereas envy is the desire to obtain what you do not have.
Narrative Fallacy
Humans perceive experiences as stories in a structured sequence. But narratives are limited by how they derive meaning from reality.
Thought Experiment
An imaginary scenario where a hypothesis, principle, or theory is examined to understand the outcomes.
Relativity
Everybody has a different perspective, and no one has an absolute frame of reference.
Entropy
Entropy is a measure of disorder in a system.
Mutually Assured Destruction
A circumstance where two parties are in a stalemate, and neither can take action without spelling their destruction.
Comparative Advantage
An entity’s capacity to deliver a service or product at a lower opportunity cost than others.
Regression to the Mean
An improbable outcome will most likely be followed by an outcome that is nearer to the average.
Multiplying By Zero
Anything multiplied by zero is zero. In a multiplicative system, a chain is only as strong as its weakest link.
Availability Heuristic
A bias to utilize the information that first comes to mind when making choices.
