Economics & Decisions
Black Swan Theory
Black Swan Theory explains how rare, unpredictable events with massive impact shape our world far more than we realize.
Economics & Decisions
Game theory, behavioral economics, market dynamics, and the frameworks behind choices
Economics & Decisions
The Cobra Effect
The Cobra Effect occurs when an attempted solution to a problem makes the problem worse.
Economics & Decisions
Jevons Paradox
Making something more efficient often leads to using more of it, not less, because efficiency makes it cheaper and more attractive to use.
Economics & Decisions
Sunk Cost Fallacy
The sunk cost fallacy is our irrational tendency to continue investing in something because we've already invested so much, even when walking away would be the smarter choice.