Imagine this: you’re meeting a Russian oligarch in a forest just outside your city. He arrives in his luxury car, carrying a suitcase—and a gun. The suitcase is filled to the brim with $10 million in cash. He looks at you, smiles, and asks, “Want to play Russian...
Cisco, a Silicon Valley giant, was once the toast of the tech world. Business journalists marveled at its stellar customer service, robust strategy, strategic acquisitions, vibrant corporate culture, and charismatic CEO. By March 2000, Cisco had ascended to the top,...
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...
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...
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...
