by Aseem Gupta | May 26, 2020 | Psychology
The human mind has a natural inclination to find patterns and causal relationships in the world around us. However, this propensity often leads us astray, blurring the lines between cause and effect. In this article, we explore the concept of false causality through...
by Aseem Gupta | May 25, 2020 | Psychology
When reading news articles, we often attribute successes or failures to individuals without considering external factors. This tendency, known as the fundamental attribution error, leads us to overestimate the influence of individuals and underestimate situational...
by Aseem Gupta | May 24, 2020 | Psychology
In the fast-paced world of auctions, where buyers compete fiercely for coveted items, the winner’s curse lurks in the shadows. Texas in the 1950s witnessed a land auction where ten oil companies vied for a lucrative piece of property. With estimates ranging from...
by Aseem Gupta | May 23, 2020 | Psychology
Imagine taking a simple sheet of paper and folding it in half. Then, fold it in half again and repeat the process, folding it again and again. Now, pause for a moment and guess how thick the paper would be after 50 folds. Keep your guests in mind as we delve into the...
by Aseem Gupta | May 22, 2020 | Psychology
In 1913, Maximilian Ringelmann, a French engineer, conducted an intriguing study on the power of horses pulling a coach. To his surprise, he discovered that the combined strength of two horses did not equal twice the power of a single horse. Intrigued by this...
