The bandwagon effect can lead investors to follow the crowd, which may result in assetbubblesor crashes, depending on if the crowd is buying or selling. In either case, people may invest for fear of missing out (FOMO) rather than making individual evaluations of investments and doing due dili...
Honeybees understand that “nothing” can be “something” that has numerical meaning, showing that they have a primitive grasp of the concept of zero, according to a newly-published study in Science. Previous experiments have shown that honeybees have some facility for numbers, because they were...
Social proofis a psychological concept where people are influenced by the actions of others. It’s the idea that if many people are doing something, it must be correct or desirable. The term was first used by Robert Cialdini in his 1984 book ‘Influence: Science and Practice.’ Social proof...
Convenience sampling: The elements or participants are chosen on the basis of their nearness to the researcher. The people in close proximity can be studied and analyzed easily and quickly, as there is no other selection criterion involved. Researchers simply choose samples based on what is most ...
While ubiquitous team names like Tigers and Bears suggest power and ferocity, the boll weevil is an insect that once prompted widespread fear. The horror struck farmers, who saw crops in cotton-producing states devoured by boll weevils in a nearly 100-year reign of terror. The mascot name is...
When it is time for your teenager to begin addiction treatment, be sure to encourage them. Let them know that they can defeat addiction and become sober again. If some of them do not know what addiction means, explain the basic concept to them. ...
combination of perseverance and consistent work ethic. Your child will eventually learn not to fear failure. They will learn to persevere with challenges as they learn to have a growth mindset. Accepting the concept of growth mindset will help your child be in pursuit of the best version of ...
A budget is a microeconomic concept that reveals the trade-off made when one good is exchanged for another. In terms of the bottom line—or the end result of this trade-off—asurplus budgetmeans profits are anticipated, abalanced budgetmeans revenues are expected to equal expenses, and adefici...
Thenotion that AI poses an existential risk to humanshas existed almost as long as the concept of AI itself. But in the last two years, as generative AI has become a hot topic of public discussion and debate, fear of AI has taken on newer undertones. ...
However, while the idea of sharing idle capacity has indisputable advantages, this concept is not without its challenges. Online platforms still face a barrier of information asymmetries, rooted in the fact that geographically separated agents make their choices under uncertainty (Dimoka et al., 2012...